Appointment of New Chairman of the Board of Directors

Kanatbek Madumarov has been elected Chairman of the Board of Directors of the State Development Bank of the Kyrgyz Republic.

According to an official statement, Kanatbek Madumarov has extensive management experience and has worked in the Kyrgyz Republic's Ministry of Finance for over 25 years. During his career, he has devoted more than 19 years to the State Economic Development Fund under the Ministry of Finance, including 11 years as director. For six years, he headed the Precious Metals Department at the Ministry of Finance.

It is noted that since March 2023, he has been a member of the Board of Directors of the State Development Bank of the Kyrgyz Republic, which confirms his significant contribution to the development of the country's financial system.