Crossroads Asia

Kazakh Fintech Giant to Buy Ukrainian Bank

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Crossroads Asia | Economy | Central Asia

Kazakh Fintech Giant to Buy Ukrainian Bank

Kaspi plans an expansion into Ukraine, friendly elite provide a banking license.

Kazakh Fintech Giant to Buy Ukrainian Bank
Credit: Pixabay

London-listed Kaspi.kz is poised to acquire the Ukrainian subsidiary of BTA Bank, a sign that Kazakhstan’s fintech giant plans to expand into new markets.

In its financial report for the third quarter of 2021, Kaspi signed a preliminary agreement to buy BTA Bank in Ukraine, essentially a way for the bank to obtain a financial license in the country.

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