Kaspi.kz, the Kazakhstan-based banking and fintech giant, has made a major move in the international market by announcing its agreement to purchase Rabobank’s operations in Türkiye. This strategic acquisition marks a significant milestone for Kaspi.kz as it expands its reach beyond its home country and into the European market.
The deal, which was announced on Thursday, has been met with great enthusiasm and excitement from both companies. Kaspi.kz, known for its innovative and customer-centric approach, has been steadily growing in the financial sector since its inception in 2013. With a strong presence in Kazakhstan, the company has now set its sights on expanding its operations globally.
Rabobank, a leading Dutch lender with a strong presence in Türkiye, has been looking for a suitable buyer for its operations in the country. After careful consideration, the company has chosen Kaspi.kz as the ideal partner to take over its Türkiye operations. This decision is a testament to the trust and confidence that Rabobank has in Kaspi.kz’s capabilities and potential.
The acquisition will see Kaspi.kz taking over Rabobank’s retail and commercial banking operations in Türkiye, including its branches, employees, and customer base. This move will not only strengthen Kaspi.kz’s position in the European market but also provide a platform for the company to introduce its innovative fintech solutions to the Türkiye market.
Kaspi.kz’s CEO, Mikhail Lomtadze, expressed his excitement about the acquisition, stating, “We are thrilled to have the opportunity to expand our operations into Türkiye. This acquisition aligns with our long-term strategy of becoming a leading player in the global financial market. We are confident that our innovative approach and customer-centric focus will be well-received in Türkiye, and we look forward to bringing our services to the Turkish people.”
The acquisition also holds great potential for the customers of both companies. With Kaspi.kz’s advanced technology and digital solutions, customers in Türkiye can expect a seamless and convenient banking experience. Additionally, Kaspi.kz’s extensive range of financial products and services will provide customers with more options and flexibility to meet their financial needs.
The news of the acquisition has also been well-received by the financial community. Industry experts believe that this move will not only benefit Kaspi.kz and Rabobank but also have a positive impact on the overall financial landscape in Türkiye. The combination of Kaspi.kz’s innovative approach and Rabobank’s established presence in the country is expected to bring about positive changes and drive growth in the financial sector.
The acquisition is subject to regulatory approvals and is expected to be completed by the end of 2021. Both companies are committed to ensuring a smooth transition for customers and employees during this process. Kaspi.kz has also assured that it will continue to uphold the high standards of customer service and innovation that it is known for.
In conclusion, the acquisition of Rabobank’s operations in Türkiye by Kaspi.kz is a significant step towards the company’s goal of becoming a global financial leader. This move not only expands Kaspi.kz’s reach but also brings together two strong and reputable players in the financial industry. With this strategic partnership, Kaspi.kz is well-positioned to make a positive impact in the European market and continue its journey towards success and growth.