In January 2026, Kinstellar announced that PPF Group's on sale of Home Credit Bank Kazakhstan to ForteBank (as reported by CEE Legal Matters on July 14, 2025) has now closed.
According to Kinstellar, the transaction resulted in ForteBank acquiring 100% of the shares in Home Credit Bank Kazakhstan and becoming its sole shareholder.
As previously reported, Kinstellar has advised PPF Group and its shareholders on their agreement with ForteBank for the sale of 100% of Home Credit Bank Kazakhstan and its associated businesses. Dentons reportedly advised ForteBank
According to Kinstellar, Home Credit Bank Kazakhstan, active in the country since 2005, was the fourth market entered by PPF Group’s financial services subsidiary, following its founding in the Czech Republic in 1997. The bank is a well-established player in Kazakhstan’s consumer finance sector and a market leader in point-of-sale lending. The buyer, ForteBank, is a major Kazakhstani financial institution, established in 2015 and listed on the Kazakhstan Stock Exchange.
The Kinstellar team included Bratislava-based Partner Hugh Owen, Vienna-based Associate James Merryweather, and Kazakhstan-based Partner Kuanysh Shekerbekov and Associate Zhandaulet Sholanov.
