At the general shareholders' meeting of Kaspi Bank, a decision was made to distribute dividends on both common and preferred shares of the bank for the year 2023, amounting to 3,450 tenge per share. This information was reported by the bank on the Kazakhstan Stock Exchange (KASE) website, as conveyed by a correspondent from the Kapital.kz business information center.
It is specified that the dividend payments commenced on December 23, 2024. The bank did not disclose the total amount of dividends.
This marks the fourth dividend payout by Kaspi Bank for the previous year. In March 2024, shareholders decided to allocate 4,000 tenge, in June - 1,800 tenge, and in September - 6,150 tenge per share.
According to exchange data as of October 1, 2024, the total number of issued common shares of the bank is 19,500,000, and preferred shares total 500,000. Thus, based on the total number of issued common and preferred shares multiplied by the dividend amount per share, it can be estimated that the total amount for the fourth tranche of dividends for 2023 will reach 69 billion tenge. Considering all four tranches, the total will be 236 billion tenge.
As per the bank's financial statements for 2023, last year, Kaspi Bank's net profit amounted to 475.9 billion tenge, compared to 362.9 billion tenge in 2022.
According to KASE data as of October 1, 2024, 86.74% of the bank's shares are owned by KASPI GROUP.
Kaspi Bank is part of the Kaspi.kz group, which encompasses online payment services, P2P transfers, personal finance management, and online shopping. The company operates on three platforms – payments, marketplace, and fintech. The group also includes LLP "Kaspi Store," LLP Kaspi Pay, and LLP Kaspi Travel. The main shareholders of the company, as of October 1, 2024, are Baring Funds with a 23.78% stake, Mikhail Lomtadze (21.53%), and Vyacheslav Kim (20.39%).
It is worth noting that in January 2024, the shareholders of the fintech holding Kaspi.kz raised over 1 billion dollars during an IPO in the USA on Nasdaq. "Kaspi.kz announces the completion of the initial public offering in the US of 11,300,000 American Depositary Shares (ADS), each representing one ordinary share of the company, sold by Vyacheslav Kim, Mikhail Lomtadze, and Asia Equity Partners Limited at an offering price of 92 dollars per ADS," the published information stated. Kaspi.kz conducted its IPO on the LSE in October 2020.
In March 2024, the fintech holding exited the London Stock Exchange, delisting its American Depositary Shares (ADS) and Global Depositary Receipts (GDR). Previously, Kaspi.kz explained this decision by stating that most of the trading of ADS would occur on Nasdaq. Trading of these securities began on the Nasdaq Global Select Market on January 19, 2024.