Demir Bank is the first international bank in Kyrgyz Republic with 100% foreign capital.
Demir Bank has celebrated 15th anniversary of its activity on Kyrgyz financial market in May 2012. During this period Demir Bank proved itself as one of the most successful projects in Kyrgyzstan with international investments.
|Dr. Halit Cingillioglu |
The main shareholder of Demir Bank, Mr. Halit Cingillioglu has been active in financial sector in Turkey, Netherlands, Germany, Kazakhstan and in Kyrgyz Republic for 30 years. In addition to the present occupation, Mr. Cingillioglu has great experience in banking, brokerage houses, leasing, factoring and insurance companies. On June 2, 2004, the major shareholder and the Chairman of the Board of Directors of DKIB, Halit Cingillioglu, in accordance with a Presidential decree, has been awarded with the Honorary Diploma of the Kyrgyz Republic, for “…the significant contribution to strengthening the friendship and economic relations…” between Turkey and Kyrgyzstan.
International Finance Corporation (IFC) http://www.ifc.org
This international organization is a member of the World Bank Group with Head Quarter in Washington. IFC’s principal investment products are loans and equity investments, with smaller debt securities and guarantee portfolios. IFC also plays a catalytic role in mobilizing additional funding from other investors and lenders, either through co-financing or through loan participations, underwritings, and guarantees. In addition to project finance, corporate lending and resource mobilization, IFC offers an array of financial products and advisory services to private businesses in the developing world to increase their chances of success. It also advises governments on how to create an environment hospitable to the growth of private enterprise and foreign investment. There are 182 members in IFC that and they define the policy of this organization. The share capital of IFC is 2.4billion USD.
European Bank for Reconstruction and Development (EBRD) http://www.ebrd.org
An international financial organization that was established in 1991 and uses the tools of investment to help build market economies and democracies in 29 countries from central Europe to central Asia. The EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. It is owned by 63 countries and two intergovernmental institutions. It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies, to support privatization, restructuring state-owned firms and improvement of municipal services. The Bank uses its close relationship with governments in the region to promote policies that will bolster the business environment.