Eldik Bank has been assigned a credit rating of “B+” by S&P Global Ratings.

International rating agency S&P Global Ratings has assigned a long-term credit rating of “B+” with a “Stable” outlook to OJSC “Eldik Bank.” This result reflects the bank’s solid financial position as well as consistent support from the government. The rating, which is aligned with the sovereign level of the Kyrgyz Republic, confirms Eldik Bank’s strategic importance to the national economy and its key role in the development of the country’s financial sector.

In its report, the agency highlighted that Eldik Bank is the largest bank in Kyrgyzstan, with assets exceeding KGS 200 billion. The bank has successfully undergone a recapitalization of KGS 61.5 billion (approximately USD 700 million), significantly strengthening its financial base and enhancing its capacity to finance large-scale infrastructure projects.

S&P also noted the bank’s strategic focus on the development of agriculture, consumer lending, and infrastructure financing. A key area of emphasis is the digital transformation and the integration of Sky Mobile LLC (operating under the Beeline Kyrgyzstan brand) into the bank’s ecosystem. This integration opens new opportunities for customers and expands the range of modern services offered.

S&P separately emphasized the high systemic importance of Eldik Bank as a government-related entity (GRE) and acknowledged its plans to enter international debt and equity capital markets.

The “B+” rating supports the bank’s strategy, which includes a debut Eurobond issuance planned for early 2026.

Chairman of the Management Board of OJSC “Eldik Bank,” Ulanbek Nogaev, stated:
“The assignment of an international rating by S&P Global Ratings is a significant milestone in the history of Eldik Bank and the entire banking system of Kyrgyzstan. This outcome is a recognition of our resilience, transparency, and strategic role in the development of the national economy. The assigned rating strengthens the confidence of international investors and opens new opportunities to finance major infrastructure projects.”