According to the National Bank of Kazakhstan, as of December 1, 2022, the total volume of household deposits in Kaspi.kz exceeded KZT3.395 trillion (US$ 7.4 billion).
Within a year, Kazakhstani clients increased their savings in Kaspi.kz by KZT895.2 billion (US$ 2 billion). It has been the largest annual increase among all banks in Kazakhstan.
“Thank you to our dear customers for being with us! We take your trust of with great responsibility and will do out best to exceed your expectations and continue to delight with our technological and innovative services,” says Mikhail Lomtadze, head and co-founder of Kaspi.kz.
The most popular Kaspi Deposit in Kazakhstan can be opened in the Kaspi.kz mobile application within a couple of seconds. The minimum deposit sum is only KZT1,000 or $10. The effective interest rate is 15% per annum in tenge and 1% in US dollars.
Georgian-born Mikhail Lomtadze is a co-founder and CEO of Kaspi.kz. According to Forbes’ real time tracker, Lomtadze's estimated net worth is US$ 3.2 billion.
Kaspi is Kazakhstan's largest payments and fintech ecosystem with over 7 million monthly users. In October 2020 the group listed on the London Stock Exchange with a $6.5 billion valuation. Kaspi earned $515 million in net income on $1.3 billion in revenue in 2019. The IPO was the largest London listing by a company from Kazakhstan since 2007. June 2020 Kaspi-processed transactions accounted for 66% of payment volumes in Kazakhstan.
Some information for this report came from Forbes.
