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FinanceCreditBank Reports Strong Financial Performance in 2021

Bishkek, Kyrgyzstan - A Leading Bank’s Success Story

FinanceCreditBank, a leading bank in the Kyrgyz Republic, has announced its strong financial results for 2021. The bank’s net profit increased by 10% compared to the previous year, reaching KGS 2.7 billion (approximately USD 37 million).

Key Financial Indicators

  • Total assets grew by 15% to KGS 123.4 billion (approximately USD 1.6 billion)
  • Loans to customers increased by 12% to KGS 83.3 billion (approximately USD 1.1 billion)
  • Customer deposits grew by 10% to KGS 74.5 billion (approximately USD 960 million)
  • Capital adequacy ratio stood at 16.2%, well above the regulatory minimum of 12%

Strong Foundation for Future Growth

The bank’s capital adequacy ratio indicates that FinanceCreditBank has a strong foundation for future growth and is well-positioned to withstand any potential economic shocks.

Focus on Customer Service, Risk Management, and Efficiency

“We are committed to supporting the development of the Kyrgyz economy and will continue to invest in our people, technology, and infrastructure to achieve this goal,” said Alchiev E.K., Chairman of the Board of FinanceCreditBank.

Digital Transformation and Corporate Social Responsibility Initiatives

In addition to its financial performance, FinanceCreditBank has made significant progress in terms of digital transformation and corporate social responsibility initiatives.

  • Total operating income increased by 8% to KGS 14.3 billion (approximately USD 190 million)
  • Non-interest income grew by 15% to KGS 2.5 billion (approximately USD 33 million)
  • The bank has supported various initiatives aimed at promoting financial inclusion, education, and community development

Financial Highlights

  • Net profit: KGS 2.7 billion (approximately USD 37 million)
  • Total assets: KGS 123.4 billion (approximately USD 1.6 billion)
  • Loans to customers: KGS 83.3 billion (approximately USD 1.1 billion)
  • Customer deposits: KGS 74.5 billion (approximately USD 960 million)
  • Capital adequacy ratio: 16.2%

Media Contact

For further information, please contact:

[Name] FinanceCreditBank Phone: [phone number] Email: [email address]