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Enjoyed reading! Really interesting company. I’ve definitely found that there are some amazing and under-appreciated banks around the globe. Have you looked at Bank of Georgia - pretty similar situation

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I have come across this stock as a holding by some EM funds. They sold their Russian interests... HOWEVER:

Kazakhstan’s Tycoons–Including Members Of Nazarbayev Family–Shed Billions As Stocks Plunge

https://www.forbes.com/sites/daviddawkins/2022/01/07/kazakhstans-tycoonsincluding-members-of-nazarbayev-familyshed-billions-as-stocks-plunge/?sh=142302b34186

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