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The Best Bank of the Kyrgyz Republic 2019 / 04.12.2019

KICB received one of the most prestigious awards “Bank of the Year 2019” from The Banker Magazine under the Financial Times. 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.

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.

 “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.

Reference:

CJSC Kyrgyz Investment Credit Bank (KICB) was established in 2001, becoming the largest commercial bank in Kyrgyzstan with an initial share capital of $ 7 million. The bank has a network of 17 branches and 22 sub-branches throughout the country, providing a full range of banking services. The bank’s shareholders are the Kyrgyz Republic (10%) and world-famous financial institutions (90%). The international shareholders include Aga Khan Economic Development Fund (AKFED) - 36%, Habib Bank Limited (HBL) -18%, German Development Bank (DEG) -12%, European Bank for Reconstruction and Development (EBRD) -12%, and International Finance Corporation (IFC) - a member of the World Bank Group - 12%.

The Banker is an English-language monthly international financial affairs publication owned by «The Financial Times Ltd.» The magazine annually awards “The Banker Awards”, intended for the best financial institutions in the world. The rating of “The Banker” is considered the world generally recognized index of global banking institutions.