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• Foreigners have made a record amount of KGS deposits in Kyrgyz banks

  Foreign depositors are trusting the banking system of Kyrgyzstan more and more, increasing the volume of their deposits every month. For instance, they deposited 77% more in domestic banks in 2024 than in 2023. Moreover, both deposits in USD and KGS (22% over the year) are growing.

  10/8/2024, 7:17:43 AM
  
• Islamic financing: What is the difference between Islamic financing and classical loans?

  The global Islamic finance market reached $4.5 trillion in 2023 and is still growing. In Central Asia, where many previously avoided banking services for religious reasons, Islamic finance has become an affordable alternative. In turn, Kyrgyzstan is keeping up with the trend, not in vain, as these principles exclude interest and are based on fairness and risk sharing. The Akchabar editorial team

  10/2/2024, 11:14:41 AM
  
• “Cooling-off period”: online credit must be waited from three hours to a day

  The National Bank of Kyrgyzstan submitted for public discussion amendments to some regulatory legal acts related to credit risk management in commercial banks, microfinance organizations and Islamic banks. These changes are aimed at strengthening the protection of clients using remote channels for obtaining credits and reducing fraud risks.

  9/26/2024, 4:33:54 PM
  
• MBANK makes the world closer. Now you can send money to 160 countries

  Today MBANK and the international company Thunes officially concluded a strategic agreement, which will be an important event for the financial sector of Kyrgyzstan. This signing opens new opportunities for the bank's clients, offering expanded options for international financial transactions and supporting the development of innovative solutions.

  9/5/2024, 12:38:40 PM