President Sadyr Japarov Opens New Head Office of Eldik Bank in Bishkek

President of the Kyrgyz Republic, Sadyr Japarov, today, June 2, took part in a ceremonial event marking the 100th anniversary of the savings banking system in Kyrgyzstan and the opening of the new head office of Eldik Bank in Bishkek.

At the beginning of the event, the Head of State ознакомился с новым офисом. The bank’s divisions are located across six floors of the newly constructed building and include modern customer service areas, workspaces for employees, mother-and-child rooms, as well as specialized sanitary facilities for people with disabilities.

During the official part of the event, the President delivered a speech. He emphasized that the two events complement each other harmoniously, as Eldik Bank is the successor to the savings banking system that has undergone a century-long development.

Speaking about the origins of the savings system, Sadyr Japarov noted that it began in 1925. The first state savings banks, opened in the cities of Frunze and Osh, not only accepted deposits but also handled money transfers, issued credit certificates, and conducted securities transactions.

“The older generation remembers how, in the 1960s–70s, savings banks in the republic already offered a wide range of services. During those years, a high level of trust in savings institutions was formed, and these banks became an integral part of citizens’ everyday life.

Behind this century-long journey stands the tremendous work of several generations of banking professionals, the trust of millions of citizens, the development of the economy, and the strengthening of Kyrgyz statehood,” the President said.

The Head of State emphasized that a new economic model is being consistently formed today, in which the financial system has become a source of long-term investment, technological modernization, and sustainable growth.

“Our country is steadily pursuing a course toward the development of an innovative economy, modernization of the financial system, improvement of public service quality, and expansion of access to modern financial services for both the population and businesses.

By implementing digital approaches, Kyrgyzstan is building a modern financial system based on technology, transparency, inclusiveness, and trust. We are actively developing cashless payments, mobile financial solutions, electronic public services, digital identification systems, and advanced banking technologies,” said Sadyr Japarov.

He noted that the opening of the new Eldik Bank building is a vivid example of the ongoing transformations in the country and emphasized that it is one of the largest financial institutions in the country, with capital exceeding 80 billion soms.

“God willing, Eldik Bank will take an active part in financing infrastructure, energy, transport, and social projects of national importance.

The bank intends to direct credit funds toward the construction of one of the country’s largest energy facilities—the Upper Naryn Hydropower Cascade—as well as projects for the development of transport infrastructure and the aviation sector, and support for educational and medical institutions across the republic,” the President emphasized.

Highlighting the bank’s achievements, Sadyr Japarov noted that, for the first time in Kyrgyzstan’s history, Eldik Bank has entered international capital markets. This year, eurobonds worth USD 500 million were successfully placed on the London Stock Exchange.

“This tremendous success reflects the high level of trust international investors place not only in the bank itself, but also in Kyrgyzstan and in the large-scale reforms being carried out in our country,” said the Head of State, noting another important achievement.

Eldik Bank has successfully passed accreditation with the Green Climate Fund. This opens direct access for Kyrgyzstan to international climate financing and creates new opportunities for implementing projects in the green economy.

Concluding his speech, President Sadyr Japarov emphasized that the current successes of Eldik Bank are the result of the tremendous efforts of its employees, but even more ambitious tasks lie ahead. These include strengthening financial stability, implementing advanced innovative solutions, and expanding citizens’ access to financial services. The Head of State expressed confidence that the bank’s team will successfully achieve its goals.