The Board of Directors of KICB has accepted the voluntary retirement of Chief Executive Officer of KICB Mr. Kwang-Young Choi from December 31, 2019.

Mr. Kwang Young Choi has been serving as the KICB CEO for last 20 years since the foundation of KICB.

Mr. Bektur Aliev has been appointed by the Board of Directors of KICB as Acting Chief Executive Officer of KICB with effective date January 01, 2020. Mr. Bektur Aliev has been working in the Bank since 2001 and served as a Deputy Chief Executive Officer / Chief Retail Officer before his appointment as Acting CEO.

About the Bank:

CJSC Kyrgyz Investment Credit Bank (KICB) was established in 2001, becoming the largest commercial bank in Kyrgyzstan with an initial share capital of $ 7 million. The bank has a network of 17 branches and 22 sub-branches throughout the country, providing a full range of banking services. The bank’s shareholders are the Kyrgyz Republic (10%) and world-famous financial institutions (90%). The international shareholders include Aga Khan Economic Development Fund (AKFED) - 36%, Habib Bank Limited (HBL) -18%, German Development Bank (DEG) -12%, European Bank for Reconstruction and Development (EBRD) -12%, and International Finance Corporation (IFC) - a member of the World Bank Group - 12%.