Home » Economy » In Kyrgyzstan, "Post Bank" will appear: The National Bank is considering the application
Economy

In Kyrgyzstan, "Post Bank" will appear: The National Bank is considering the application

21


The National Bank of the Kyrgyz Republic has begun analyzing documents submitted for the establishment of a new commercial bank, which will be called "Post Bank." This project involves the use of the infrastructure of OJSC "Kyrgyz Post," which will become an agent for providing banking services throughout the country.

It is planned that the new bank will offer a wide range of basic banking services through the branches of the national postal operator. The regulator will make a decision on issuing a license only after a detailed review of the documents for compliance with capital requirements, the reputation of shareholders, and the risk management system.

Interestingly, the idea of creating "Post Bank" has been discussed at the state level since 2018. During this time, "Kyrgyz Post" has undergone a transformation process: in 2022, the state institution was converted into a joint-stock company with full state ownership, centralized accounting was conducted, and a unified network of branches was created.

The emergence of the new bank occurs against the backdrop of the active development of the country's financial sector — in 2025, the National Bank issued permits for the opening of six new commercial banks. Experts believe that the extensive network of post offices will significantly improve the accessibility of banking services, especially for residents of remote areas of Kyrgyzstan.
Related materials:
By continuing to browse gazeta.kg, you agree to the Privacy Policy.
ОК