What Is Best in Life?

A Kazakh Bank Selling for Three Times Earnings

This is the second part of a post I started writing and then split into two. The first part was about Kazakhstan. You can read it here.

I have seen Kaspi, the Kazakhstani superapp, mentioned quite frequently on fintwit over the past couple of months. If you are interested in Kaspi, you will benefit from studying Halyk Bank, because it is the dominant ban…