15.12.2014, 11:03

KICB is awarded as the Best Bank in the Kyrgyz Republic in 2014 by the prestigious magazine "The Banker"

 KICB is awarded as the Best Bank in the Kyrgyz Republic in 2014 by the prestigious magazine "The Banker"

Bishkek, December 15 / Kabar /. KICB received one of the most prestigious awards “Bank of the year 2014” for the two consecutive years from The Banker (Financial Times). The winner bank is defined taking into account financial performance and introduction of innovative approaches of the institution and opinion of the famous analysts of the global financial market.

The 15th annual award presentation ceremony «The Banker» was held on November 27, 2014 in London. The banks awarded by «The Banker» are the banks that proved to be the most successful and efficiently operating financial institutions, whose quality of service meets the highest standards, and the banks ensuring high profitability for their shareholders. «The Banker» presents this award to the banks from different countries of the world based on the international analysis.

«We strive to provide services at the high level to our customers. KICB has proved to be a sustainable bank, providing innovative products for financial involvement to a large number of country’s population. We are grateful to the Banker’s selection panel 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. We have launched ELSOM, mobile banking, in 2013, which is one of our major strategic products and we are happy with success that is increasing daily with new users of ELSOM e-wallet. One of the main issues we would like to point out is our strategic cooperation and partnership with other commercial banks: Ayil Bank, Bank of Asia and Bakai Bank» - said Kwang Young Choi, CEO of KICB.

KICB has once again landed the Kyrgyzstan Bank of the Year country award following a strong set of results in 2013, coupled with the introduction of innovative new services.

“In 2013, KICB initiated a number of programmes to bolster its position in the small and medium-sized enterprises markets, including offering more competitive medium- to long-term credit to corporate clients. Moreover, as it strengthens its position in the retail market, the bank is prioritizing mortgage and personal loans to drive growth, while it also offers specific energy-saving and agricultural loans in this space, in partnership with national and international agencies. These developments have been pursued in conjunction with an impressive innovation drive. KICB is in the process of introducing a CRM (Customer Relationship Module) to its operations, a platform that provides the bank with a complete picture of the relationship it shares with each customer. Moreover, the development of its ‘Middleware System’ will enable KICB to connect its existing software and IT applications, used in day-to-day operations, to ensure greater connectivity, data sharing and communication between these systems. Together, these innovative measures are providing the bank with the kind of competitive advantage necessary to navigate Kyrgyzstan’s challenging banking market”, noticed The Banker (www.thebanker.com).

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 sub-branches across the country, providing a full range of banking services. The shareholders 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%.

«The Banker» is an English monthly specialized magazine dedicated to international finance. The publishing house belongs to "The Financial Times Ltd." The magazine annually awards "The Banker Awards", designed for the best financial institutions in the world. The rating of "The Banker" is a world recognized index of global banking institutions.