CenterCredit (BCC) Bank CenterCredit

Bank CenterCredit JSC is a financial institution of the Republic of Kazakhstan with a universal business model, founded in September 1988. NB RK License for Banking and Other Operations and Activities on the Securities Market No. 1.2.25/195/34 of 28.01.2015. The Bank has a wide branch network and serves legal entities and individuals in 18 branches and more than 100 branches. The correspondent network of the bank has about 40 foreign banks. BCC is a principal member of Visa International and MasterCard International international payment systems.

Performance indicators

2024: 49.7% increase in net income to $378.2 million

At the end of 2024, one of the largest banks in Kazakhstan BCC (Bank CenterCredit) recorded a net profit of 202.4 billion tenge ($378.2 million at the exchange rate as of August 7, 2025). This is 49.7% more compared to the previous year, when the figure was 135.2 billion tenge. The relevant data are reflected in the financial statements, which TAdviser reviewed in early August 2025.

In 2024, interest income calculated using the effective interest rate method reached 732.7 billion tenge ($1.37 billion) against 528.7 billion tenge in 2023. Year-on-year growth was about 39%. The positive dynamics was due to the increase in the share of high-yield loans in the retail business, as well as the development of key products for small and medium-sized enterprises. Interest expenses for the year increased by 106 billion tenge and amounted to approximately 380 billion tenge ($710.87 million). The main factors in the increase in expenses were the growth of the customer base and the active expansion of deposit assets that provide financing for the increase in the loan portfolio.

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Фото: Forbes

Net interest income before the formation of provisions for expected credit losses, for interest rate assets in 2024 amounted to 358.4 billion tenge ($669.62 million). For comparison, a year earlier, the value was at around 257.6 billion tenge.

In 2024, operating expenses increased by 60 billion tenge compared to the previous year and amounted to about 183.2 billion tenge ($342.35 million). This growth was driven by the expansion of the team to ensure active business and IT development, a natural increase in maintenance and maintenance costs (the impact of inflation and the exchange rate), and increased marketing initiatives to promote products and increase sales.^[1]

History

2023: Bank cards with digital tenge began to be issued in Kazakhstan

In mid-November 2023, Kazakhstani banks began issuing debit cards with the possibility of paying digital tenge. Thus, the cards were first issued by the Eurasian Bank (together with Mastercard) and Bank CenterCredit. Read more here.

2022: Alfa-Bank Kazakhstan Purchase

On April 20, 2022, it became known that Alfa-Bank sold its Kazakhstani subsidiary to CenterCredit Bank. Thanks to this deal, Alfa-Bank Kazakhstan will be able to get out of Western sanctions. Read more here.

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