History

Date of initial registration of the Bank is   December 20, 2010 - OJSC ‘Zalkar Bank’ was established on the basis of assets and liabilities of OJSC ‘AsiaUniversalBank’ (‘AUB’), which were transferred to the new Bank based on the decision of the founder and special administrator of ‘AUB’, the Agency for bank reorganisation and debt restructuring DEBRA.

In 2013, based on the decision of the 15th meeting of the Intergovernmental Kyrgyz-Russian Commission on Trade, Economic, Scientific, Technical and Humanitarian Cooperation, 90% of the shares of the state-owned Zalkar Bank OJSC were sold to the Russian ITB Holding OJSC, while 10% of the shares remained with the Government of the Kyrgyz Republic represented by the State Property Management Fund (SPMF). In July 2013, the corporate name of Zalkar Bank OJSC was changed to Russian Investment Bank OJSC (‘Rosinbank’).

Since October 2018, the National Bank of the Kyrgyz Republic has become the main owner of the block of shares of Rosinbank OJSC. In August 2019, by the decision of the general meeting of shareholders, the corporate name of Rosinbank OJSC was changed to Keremet Bank OJSC, the Ministry of Justice of the Kyrgyz Republic performed the re-registration procedure and issued the Certificate of State Re-registration of Legal Entity series GPU No.0037628 dated  September 27, 2019. In connection with the change of the company name, the Licence for the right to carry out banking operations in national and/or foreign currency - No. 049 was re-issued to the National Bank of the Kyrgyz Republic on October 3, 2019. At present, the shareholding of the NBKR is 97.45 %, the rest of the shareholding is distributed among minority owners.

Since September 2019, the Bank continues to operate in the market of the Kyrgyz Republic under the new brand OJSC ‘Keremet Bank’, becoming the legal successor of the rights, assets and liabilities of OJSC ‘Rosinbank’.

In accordance with the Law ‘On Acquisition by the Cabinet of Ministers of the Kyrgyz Republic of a block of shares of open joint stock company Keremet Bank from the National Bank of the Kyrgyz Republic’ on March 29, 2024, the Ministry of Finance of the Kyrgyz Republic acquired 97.45% of shares of OJSC Keremet Bank from the National Bank.