Ayyl Bank

OJSC "Ayyl Bank" is one of the largest financial institutions of the Kyrgyz Republic, implementing state programs for the development of the agricultural sector, as well as providing banking services, including servicing private and corporate clients, investment banking business, trade financing and asset management.

Performance indicators

2024: 1st place in terms of assets among banks in Kyrgyzstan

History

The bank was established in December 2006 as the successor of the Kyrgyz Agricultural Financial Corporation (KSFK). The FFCC was established by the Government of the Kyrgyz Republic with the assistance of the World Bank in 1997.

The Bank's shareholder is the Government of the Kyrgyz Republic represented by the Ministry of State Property of the Kyrgyz Republic. On May 22, 2008, the Jogorku Kenesh (Parliament) of the Kyrgyz Republic decided to privatize 67% of the Bank's common shares.

In the period from 1997 to 2006, the Bank worked as a specialized financial and credit institution and, accordingly, the main operation was lending to agricultural producers. After the transformation of KSFK into a Bank, the National Bank issued a license with restrictions on almost the entire traditional range of banking services. During 2008-2010, the Bank carried out a number of activities aimed at removing restrictions on licenses and introducing traditional banking services. The restrictions were lifted and the license expanded in stages and by now almost all restrictions have been lifted.

The bank is a participant in almost all state and international financing projects agriculture in Kyrgyzstan.

The main investment donors and partners of the Bank are:

• World Bank (projects of the International Development Association: "Village Financing" and "Agribusiness and Marketing");
• Asian Development Bank (Agricultural Sector Development Project);
• European Bank for Reconstruction and Development (small and medium-sized business development project);
• Raifeisen Cooperative Development Fund in Kyrgyzstan;
• Specialized Bank Refinancing Fund in Kyrgyzstan, UNDP and other financial institutions.

Considering that the Bank is a participant in projects of international financial institutions, the audit of financial statements is carried out by a company from among internationally recognized audit companies twice a year (for six months and for a year). The Bank is also a member of the following non-profit organizations:

• Union of Banks of the Kyrgyz Republic
• Deposit Protection Fund of the Kyrgyz Republic
• Credit and Information Bureau "Ishenim"
• Eurasian Agricultural Credit Association (EurAsASK)