Corporate Secretary

Asel Kerimkulova

Corporate Secretary, OJSC "Aiyl Bank"

Role and Responsibilities

The Corporate Secretary is an official of the Bank, appointed and dismissed by the decision of the Bank's Board of Directors. The Corporate Secretary operates independently and is accountable to the Board of Directors.

In accordance with their status, the Corporate Secretary is:

1. Responsible for implementing corporate governance procedures as stipulated by the legislation of the Kyrgyz Republic and ensuring compliance with the "best corporate governance practices" adopted by the Bank and enshrined in its internal regulations.
2. Responsible for maintaining systematic communication between the Bank and its shareholders, between shareholders and the Board of Directors, the Management Board, units accountable to the Board, other collegial bodies of the Bank, and relevant stakeholders (e.g., regulators, registrars, etc.).
3. Responsible for systematically monitoring the legislation of the Kyrgyz Republic in the field of corporate governance, trends in "best corporate governance practices," and continuously improving the Bank's corporate governance practices.

Key Duties

1. Organizing the preparation and conduct of annual/extraordinary general meetings of the Bank's shareholders in accordance with decisions made by the Board of Directors.
2. Organizing the preparation and conduct of Board of Directors meetings, maintaining records, and overseeing the implementation of decisions made by the Bank's governing bodies.
3. Preparing and ensuring the timeliness and completeness of the Bank's information disclosures in compliance with the legislation of the Kyrgyz Republic.

The activities of the Corporate Secretary are governed by the Regulation on the Corporate Secretary Service of OJSC "Aiyl Bank."

Citizenship

Kyrgyz Republic

Education

• Kyrgyz-European Faculty (Higher Education)
  Qualification: Economist, specializing in "International Economic Relations"
• Certified Corporate Secretary

Professional Experience

• 2000–2004: National Bank of the Kyrgyz Republic
  Developed regulatory acts for the implementation of mortgage lending.
• 2004–2007: Focused on supervisory and licensing methodology, provided consultations, and participated in inspection audits.
• 2010–Present: OJSC "Aiyl Bank"
  Progressed from Specialist to Head of the Methodology Department. Permanent member of the Credit Review Board (CRB) and internal trainer.
• Since January 2024: Corporate Secretary
  Successfully completed the Modular Program "Certified Corporate Secretary," organized by the Chamber of Independent Directors of the Kyrgyz Republic in collaboration with IFC.

Awards

• Gratitude from OJSC "Aiyl Bank" (2013, 2016, 2024)
• Letter of Appreciation from the Union of Banks of Kyrgyzstan (2018)
• Certificate of Honor from OJSC "Aiyl Bank" (2019)
• Certificate of Honor from the Union of Banks of Kyrgyzstan (2022)
• Certificate of Honor from the State Agency for State Property Management under the Cabinet of Ministers of the Kyrgyz Republic (2025)

Letters of Recommendation

Available upon request.

Training Courses and Programs

1. Course: "Fundamentals of Mortgage Lending" as part of the "Certified Mortgage Lender" program, Urban Institute Foundation, Russian Banks Association, Moscow, December 2000.
2. Program: "Mortgage Lending," Banking Training Center at NBKR, May 2001.
3. Program: "Role and Functions of the National Bank of the Kyrgyz Republic in the Economic System," Banking Training Center at NBKR, September 2001.
4. Program: "Analysis and Valuation of Real Estate Using the Income Approach," Banking Training Center at NBKR, September 2002.
5. Course: "Mortgage Lending for Bank Employees," Chemonics International Land Reform Project in Kyrgyzstan, USAID-funded, January 2003.
6. Program: "Asset and Liability Management," Banking Training Center at NBKR, November 2003.
7. Seminar: "Loans to the Private Sector as Collateral for Refinancing Loans," Deutsche Bundesbank, Technical Central Cooperation Division, May 2004.
8. Seminar: "Business Presentation Skills," Banking Training Center at NBKR, June 2004.
9. Seminar: "Extrajudicial Dispute Resolution Between Banks and Clients," Banking Training Center at NBKR, June 2004.
10. Seminar: "Banking Supervision," Deutsche Bundesbank, Technical Central Cooperation Division, September 2004.
11. Seminar: "On the National Bank of the Kyrgyz Republic, Banks, and Banking Activities," Union of Banks Training Center, June 2017.
12. Seminar: "Organizing a Compliance Control System in Banks. Compliance Risks," Union of Banks Training Center, March 2018.
13. Training: "Training for Trainers," AUCA Growth Development Center, June 2018.
14. Program: "Anti-Money Laundering and Countering the Financing of Terrorism or Extremist Activities," GSFR Training Center under the Government of the Kyrgyz Republic, August 2018.
15. Training: "Customer Orientation and Effective Sales of Banking Products," AUCA Growth Development Center, August 2018.
16. Seminar: "Organizing Internal Control Systems in Banks for AML/CFT Purposes. Customer Due Diligence," August 2018.
17. Training: "Conflict Management," AUCA Growth Development Center, November 2018.
18. Training: "Effective Recruitment and Selection System. Staff Adaptation. Methods of Staff Evaluation. Corporate Training. Managing Staff Performance," Elena Mashukova’s HR School, November 20
19. Seminar: "Ideal Service as a Factor of Customer Orientation," Union of Banks Training Center, February 20
20. Participation in the Annual HR Forum "Motive and Action," Bishkek, 2018, 2019, organized by Dmitry Chuprina & Partners.
21. Online Capacity-Building Program on Islamic Finance: "Raising Awareness of Islamic Finance and Popular Islamic Financial Products," Asian Development Bank with NBKR and IFAAS UK, May–June 2021 (certificate obtained).
22. Training: "Corporate Governance," Union of Banks Training Center, November 2021.
23. Training: "Islamic Finance Principles," Islamic Development Bank with NBKR, March 2022 (certificate obtained).
24. Member of the working group with the Sparkassen Foundation to develop the "Araketke-Bereket" product guide and standardized MSME consulting manual.
25. Participation in the VI International HR Forum "HR at the Crossroads of Eras," Bishkek, June 2, 2022, organized by Dmitry Chuprina & Partners.
26. Training: "Fundamentals of Sales," Bishkek, November 5, 2022, international trainer Michael Bang.
27. Practical Course: "Organization and Functioning of the Securities Market," April 2023, KFB Training Center for Securities Market Specialists (certificate obtained).
28. Seminar: "ESG Integration: Key Aspects for Business," Union of Banks Training Center, March 25, 2024 (certificate obtained).
29. Training: "Strategic Planning," Baku, Azerbaijan, STIMUL Education & Consulting, April 29–30, 2024 (certificate obtained).
30. Modular Program: "Certified Corporate Secretary," September 2024 (46 academic hours), Bishkek, Chamber of Independent Directors with IFC, successfully passed the test (certificate obtained).
31. Certified Designing Agile Organizations, CAO, December 2024.