Bank History

Main mission «Aiyl Bank»: The mission of Aiyl Bank is promotion of the agricultural sector development and improvement of the population welfare through provision of affordable, high quality banking products based on modern technologies.

Aiyl Bank is one of the largest financial institutions in the country that implements the state programs on development of the agricultural sector, as well as provides a full list of high quality banking services, including service of retail and corporate clients, investment banking, trade finance and assets management.

Aiyl Bank has:

•  high trust of its customers and perfect quality of providing services to them;
• highly competent specialists, constantly improving their professional level;
• convenient branch network;
• well-arranged business processes;
• reputation of a modern bank using advanced banking technologies.

OJSC Aiyl Bank (hereinafter referred to as Aiyl Bank) was established in 1996 by the Government of the Kyrgyz Republic, with the World Bank’s financial and technical assistance. Initially it was a financial institution called as Kyrgyz Agricultural Finance Corporation (KAFC). Its aim was to provide loans to private farmers and rural producers on a regular and sustainable basis. Taking into account its importance in the financing of agriculture and in order to provide opportunities of expanding the range of banking services provision to the rural population, the Board of the National Bank of the Kyrgyz Republic issued the Decree No. 43/1 dated December 27, 2006 on reorganization of JSC Kyrgyz Agricultural Finance Corporation to JSC Aiyl Bank.

During its 25 years of existence, Aiyl Bank has made significant progress in providing access to credit for a significant part of the country's rural population. Today, Aiyl Bank is one of the leading universal banks in Kyrgyzstan.

Constantly working to expand the geographical coverage of the population in providing loans, Aiyl Bank has 37 branches, 60 savings banks and 32 field cash desks, 25 regional and 30 rural credit units in remote villages.

Aiyl Bank cooperates with such organizations as the World Bank (WB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), State Development Bank of China, Eurasian Development Bank, UNDP, Kumtor Gold Company, Raiffeisen Fund, Russian- Kyrgyz Development Fund.

The activities of Aiyl Bank were highly appreciated by the CGAP (Advisory Group for Poverty Reduction, World Bank Group), which in 2004 presented an award - "For Financial Transparency" in recognition of the practice of disclosing the bank's financial activities.

The international rating agency "Microfinanza srl" twice assigned the bank an "A" rating based on the results of a detailed study (assessment) of its financial condition and compliance with CGAP standards. The assigned rating characterizes Aiyl Bank as a microcredit institution, resistant to the influence of internal and external factors, with great ability to meet financial obligations and a very good quality of the proposed operations.