KICB has received a prestigious award “The best commercial bank in Kyrgyzstan in 2014” according to the reputable international financial internet edition Global Financial Market Review (GFM Review).

This award has acknowledged the efforts of the bank in provision of quality services as well as in professional approach to its customers taking into consideration their individuality and launch of innovative projects in the Kyrgyz Republic. The criteria according to which the bank is chosen as a leader in this nomination include such indicators as investment attractiveness, total income from the main activity, total deposits, loan to deposit ratio, innovative projects and so on. KICB has received the award along with the leading banks of Europe, Turkey, UAE, China, India, Malaysia and Russia.

“Our success is that each customer can receive a full range of quality services in the Bank, professional approach to each customer and introduction of innovative mechanisms and products. We try to keep pace with modern tendencies, therefore our new product – mobile banking (an e-wallet ELSOM) has become one of the strategic directions of development. We try to contribute into development of the Kyrgyz financial system as a whole and increase coverage with banking services of the remote regions in the country. In 2013, KICB placed the issue of the corporate bonds for KGS 100 million. Besides, KICB studies the possibility to position itself as a regional bank of Central Asia” – noted Mr. Kwang Young Choi, CEO of KICB.

For reference:

CJSC "Kyrgyz Investment and Credit Bank” (KICB) was established in 2001 and became the largest commercial bank in Kyrgyzstan with the startup authorized capital – USD 7 million. The Bank has a network of 16 branches and 22 offices across the country, providing a full range of banking services. The shareholders of the bank are the Kyrgyz Republic (10%) and the world-renowned financial institutions (90%). The international shareholders include the Aga-Khan Fund for Economic Development (AKFED) - 21%, the Habib Bank Limited (HBL) -18%, the German Development Bank (DEG) -17%, the European Bank for Reconstruction and Development (EBRD) -17% and the International Finance Corporation (IFC) - a member of the World Bank Group - 17%. KfW is a co-founder of the bank and substantially provides access to long-term financial resources.

Global Financial Market Review Awards is a leader among the financial internet editions, the audience of which amounts to over 40 million of people a year. The organization has been created to award the companies that have showed their worth to the beast advantage in various areas of the global financial community. The award of GFM indicates innovative financial products, quality of customer service, leading positions and successful development at the financial market.