Shareholder of State Development Bank approves KPIs for board of directors and approves payment of additional remuneration

The sole shareholder of the State Development Bank of the Kyrgyz Republic, which is the Cabinet of Ministers, approved key corporate decisions on December 30, including an assessment of the effectiveness of the board of directors' work at the end of the year.

In particular, the shareholder took note of the assessment of the key performance indicators (KPIs) of the board of directors for 2025 and approved the payment of additional remuneration to its members based on their performance, in proportion to the actual period worked and in accordance with the KPIs achieved.

In addition, the shareholder approved the bank's corporate intentions for 2026-2028, as well as the main indicators of the preliminary budget for income, expenses, and capital expenditures for 2026.

According to information posted on the bank's official website, the board of directors is headed by Kanatbek Madumarov. The board also includes:

• Ainura Osmonova — more than 29 years of experience in the banking sector and civil service, former deputy of the Jogorku Kenesh;
• Ainur Abdyldaeva, a second-class state advisor, former Minister of Justice, and head of the Office of the President;
• Azamat Akim uulu, with over 22 years of experience in banking and regional development institutions;
• Nurbek Totonov – experience in energy and infrastructure projects;
• Ulan Danikeev – more than 33 years in public finance and the banking system, former Deputy Minister of Finance;
• Askat Egemberdiev – more than 35 years in public service, former head of the SIN under the Ministry of Justice.