Eldik Bank Presents Sustainability Report and Announces ESG Bonds Issue

Eldik Bank OJSC became the first financial institution in the Kyrgyz Republic to prepare and present a Sustainability Report for 2023 based on the best practices of international standards.

At the presentation of the Report, the Chairman of the Board of Eldik Bank Ulanbek Nogaev noted the significance of this event for the entire financial sector of the country:

"The 2023 Sustainability Report is an important indicator of the maturity and effectiveness of the bank's corporate governance. The document reflects key achievements, including the integration of the UN Sustainable Development Goals and the Paris Agreement into corporate ESG transformation, carbon footprint assessment, and the implementation of an environmental and social risk management system," he said.

Another important event of the presentation was the announcement of the debut issue of ESG bonds. During the event, an investment memorandum on the repurchase of sustainable development bonds was signed between the Bank and the Social Fund of the Kyrgyz Republic.

"The Social Fund supports programs and projects aimed at the sustainable development of social infrastructure and the country as a whole. As our long-standing and reliable partner, the Fund was the first to support the Bank's initiative and decided to buy out the entire volume of ESG bonds aimed at financing environmental and social projects," Ulanbek Nogaev explained.

The full text of the Sustainability Report for 2023 can be found on the official website of Eldik Bank.