The good bank

In 2019, Jusan Bank (then Tsesna Bank) was pushed to insolvency — all due to precarious banking practices and a lack of regulatory supervision. But, through adopting the ecosystem business model, Jusan achieved $1.2bn in profits, acquired 1mn new customers and paved the way for an initial public offering in London. At the helm of this turnaround was Yerbol Orynbayev.Guest: Yerbol Orynbayev, independent financial services consultant, former deputy prime minister of Kazakhstan and former chair of the board of directors of Jusan Bank and Heartland Securities.The Banker has been a trusted source of global banking information since 1926, subscribe now to get expert news, opinion and insight into the banking industry. Hosted on Acast. See acast.com/privacy for more information.