Keremet Bank has completed its rebranding and will continue to develop the lending market in Kyrgyzstan
"Keremet Bank" OJSC has completed the main stage of the rebranding process related to re-registration and re-legalization of the entire branch network and points of sale of the Bank according to the new concept.
As the Chairman of the Board of "Keremet Bank" OJSC Erkinbek Zhumabaev noted: "A great team and interesting work has been done to rebrand the Bank. There is still a lot of work ahead aimed at further development of the Bank and implementation of the chosen strategy. We are confident that the financial services provided to the population, as well as credit resources at affordable rates for both housing lending and business development will eventually produce not only a microeconomic but a macroeconomic effect."
In October 2019 "Keremet Bank" helped to buy housing for another 109 families in the framework of the project "Social Mortgage" at a rate of 6% to 8% per annum in soms for up to 15 years. Since May 30th, 2019 only 520 mortgage loans worth almost 750 million soms have been issued to public sector employees where the regions are still in the lead: 227 loans in Bishkek, 293 in the regions, which amounted to 56%.
For reference: In October 2018 the National Bank of the Kyrgyz Republic became the main owner of the Bank's shares and its share after the next emission transition in May 2019 amounted to more than 95%. "Keremet Bank" OJSC is the legal successor of the rights, assets and liabilities of "Rosinbank" OJSC.
