Kaspi Plans to Acquire Turkish Rabobank Subsidiary by End of 2025
Photo: FaceMePLS / Wikimedia Commons, CC BY 2.0
Kazakh fintech company Kaspi.kz, co-owned by Vyacheslav Kim and Mikhail Lomtadze, plans to complete its acquisition of Turkish bank Rabobank A.Ş. by the end of 2025, according to the firm’s Q2 financial report, Orda.kz reports.
Kaspi said the deal is expected to close “in the second half of 2025.”
We are working to secure regulatory approval for the acquisition of Rabobank A.Ş. Our goal for this year remains unchanged — to establish a solid foundation for our long-term international growth strategy. It will require a lot of work and targeted investment, but we are pleased with the progress we’ve made in a short time,Kaspi.kz co-founder Mikhail Lomtadze said.
The company estimates the project’s investment at $300 million, viewing expansion into Türkiye as a strategic priority.
Rabobank A.Ş. is the Turkish arm of Dutch cooperative bank Rabobank, the second-largest bank in the Netherlands by assets. Its parent company ranks among the world’s top 50 financial institutions. Kaspi.kz first revealed its interest in the acquisition in March.
Late last year, Kaspi.kz also agreed to acquire a controlling stake in Hepsiburada, one of Türkiye’s largest online marketplaces.
Original Author: Nikita Drobny
Latest news
- Military Convoys in Three Kazakh Cities — What the Defense Ministry Says
- Kazakhstan Takes Two Golds at Artistic Swimming World Cup Stage in Medellín
- 2,500 Participants from 22 Countries: Almaty Opens the Running Season
- Snow and Frost: Weather Forecast for February 15
- Tokayev congratulates Serbia’s President Vucic on Statehood Day
- Mikhail Shaidorov Wins Kazakhstan’s First Winter Olympic Gold Since 1994
- Indian Crested Porcupines Spotted by Camera Trap in Ile-Alatau National Park
- Kazakhstan’s Air Pollution Isn’t Driven by Factories — Ministry of Ecology
- How the US Views Kazakhstan’s Constitutional Reform and Free Speech
- US Ambassador to Kazakhstan: Visa Restrictions for Kazakhstanis Are a Temporary Measure
- China-to-Russia Shipments Are Increasingly Bypassing Kazakhstan
- Shokan Ualikhanov Private School Reclassified as Large Business After Staff Tops 250
- Former Priest Yakov Vorontsov Reportedly Detained in Kazakhstan
- Kazakhstan Proposes Differentiated Toll Rates for Transit Foreign Drivers
- World Bank Ready to Provide Kazakhstan Up to $1 Billion a Year for Six Years
- Woman Forced to Move and Change Jobs Repeatedly as Ex-Husband Stalked Her
- Kazakhstanis Are Getting Married Less Often
- Why Online Voting Isn’t Coming for the 2026 Referendum
- Mephedrone lab network uncovered in Almaty’s private houses
- Kazakhstan’s Domestic Trade Slows in January
