The 22nd commercial bank has officially appeared in Kyrgyzstan — established by the president's son

The National Bank has updated its list of commercial banks, indicating that as of December 8, there are 22 financial and credit institutions operating in the country. Bereket Bank CJSC has been added to the list. Zharkynbek Sagyndykov, who previously headed Bay-Tushum Bank, has been appointed as its chairman of the board.

Thus, Bereket Bank has officially entered the list of operating banks in Kyrgyzstan, becoming the country's 22nd commercial bank.

Earlier, Akchabar reported that the National Bank had issued Bereket Bank CJSC a license to operate. The decision was approved by the regulator's board on October 10, and on October 20, the bank was registered with the Ministry of Justice.

According to the Ministry of Justice, the founders of the financial institution are:

• Nurgozhoev Nurdoo Sadyrovich, the youngest son of the President of the Kyrgyz Republic;
• Sultanov Marat Abdyrazakovich, former speaker of the Jogorku Kenesh.

We would like to add that several other financial institutions applying for commercial bank status are currently undergoing similar procedures:

• Asman Bank;
• Muras Bank;
• Kylim Bank;
• Alma Finance Bank.

Obtaining a license will allow them to join the banking system of the Kyrgyz Republic and increase competition in the financial market.