ForteBank and BI Group launch Kazakhstan mortgage program

The headline rate is 1% a year for a 12-month loan, while longer tenors carry a tiered pricing structure. At a 50% down payment, the rate is 13.5% on terms from 13 to 60 months, and Forte said customers will also get an exclusive discount on property purchases.

For BI Group, the partnership gives a major domestic builder another channel to support sales in the primary market, where access to financing is often as important as price. For ForteBank, it expands its retail mortgage franchise and deepens a partnership that aims to package financing and housing purchases into one sales channel.

The launch fits a broader push across Kazakhstan to widen mortgage access and stimulate the housing market through bank-led and government-backed financing. In Russia and the wider region, similarly structured mortgage partnerships have become a way for lenders and developers to defend volume when households are more rate-sensitive and affordability is under pressure.

Investors will watch whether the program translates into faster origination growth and stronger property sales, particularly if it can channel demand into BI Group projects without forcing the bank into excessive credit risk. The next catalyst is the publication of eligible developments and borrower requirements on Forte’s official channels, which will show how broad the program can become.