In order to support measures to prevent the spread of coronavirus infection in the Kyrgyz Republic, CJSC “Kyrgyz Investment and Credit Bank” (KICB) transferred KGS 2,000,000 to a special account of the Central Treasury of the Ministry of Finance of the Kyrgyz Republic to finance measures to prevent the spread of coronavirus.

The Bank will continue to make its contribution to combating the coronavirus infection, as only jointly we can overcome this difficult situation!

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On March 11-12, 2020 in Kyiv is planned the second regional Sustainable Finance Forum– SusFinForum.

SusFinForum is an annual forum for banks, microfinance institutions, asset managers, project sponsors, investors & financiers in the EECA region (Eastern Europe, Caucasus & Central Asia) that are committed to creating a social and environmental impact in the region.

The goal of the forum is to catalyze investments for sustainable infrastructure and development in the region, through innovative financing models.

We will discuss:

• Rewiring the economy-10 tasks 10 years
• Sustainable finance snapshot in the region
• Key risks: Local currency financing
• Blended finance for serving undeserved markets
• Green and social impact bonds
• Financing & developing renewable energy projects
• Financing energy efficiency projects
• Financing the development of sustainable agriculture
• Investment & financing opportunities in solid waste management
• Exclusive Project Finance Masterclass ‘‘Are renewable energy projects bankable?’’

More details and registration on website www.susfinforum.com

The Union of Banks of Kyrgyzstan is happy to support Sustainable Finance Forum 2020 and invite you to join us with a discount. Please register here: https://www.susfinforum.com/register-now with 10% discount code UBKG10

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According to the judges of “The Banker”, the main factors that determined KICB’s victory in the nomination “Bank of the Year 2019 in Kyrgyzstan” were resilience to external factors, commitment on innovations in technology and information security, and sustainable CSR activities.

This is a remarkable achievement as the International panel of judges of “The Banker” selected KICB as Best Bank for the second successive year. “Bank of the Year” from “The Banker” is awarded to banks in 140 countries based on the criteria of dynamic growth of the bank, development and implementation of innovative banking technologies, as well as implementation of strategic projects.

“We strive to provide banking services at the highest level to our customers. KICB has proved to be a sustainable bank, providing innovative products for financial involvement of a large number of population in the country. We are grateful to the international experts for fair assessment of our activity in the Kyrgyz Republic. Acknowledgment of KICB’s achievements at the international financial market indicates that we are on the right way”, said Kwang Young Choi, CEO of KICB.

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18 November 2019, Bishkek – Open Joint Stock Company Halyk Bank Kyrgyzstan (OJSC Halyk Bank Kyrgyzstan, hereinafter referred to as the “Bank”), subsidiary of Halyk Bank, announced its intention to increase its share capital to KGS1.2 billion.

The resolution was passed on 12 November 2019 at the Extraordinary General Shareholders’ Meeting of the Bank.

After all appropriate procedures the share capital of the Bank will be increased by two times –from KGS600,008,000 to KGS1,200,008,000 (equivalent to USD17 million), which will allow the Bank to take the eighth place out of 24 STBs in terms of the share capital in the Kyrgyz Republic.

The capital increase confirms the shareholder’s willingness to support the growth and development of the Bank, and further strengthens the Bank’s position in the financial market of the Kyrgyz Republic.

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On June 29th 2019 with the support of JSC Aiyl Bank, a factory was opened on the basis of Karizma Trade LLC for the production of wet wipes under the “Best”trade name.

Representatives of the Bank led by the Deputy Chairman of the Board Uranbek Sharapov, as well as partners of Karisma Trade, took part in the grand opening.

A tour of the factory’s territory was held by co-founder and executive director Camille Komurzhu. He personally introduced all stages and details of production to the guests. Today “Karisma Trade” produces 10 varieties of products.

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