Kazakh Bank to IPO on LSE

RUSSIA / FSU POLITICS - In Brief 15 Nov 2018 by Alex Teddy
Kaspi Bank announced on November 9 that it will launch an IPO next year, listing shares on the London Stock Exchange. Kaspi is one of Kazakhstan's most profitable banks. It has made a profit of over USD 200 million so far this year. The announcement came on the same day that Vladimir Putin met President Nazarbayev in Kazakhstan. The two presidents are known to have a very cordial relationship and see eye to eye on certain issues. The meeting was part of the Forum for Interregional Co-operation.

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