Market Research Report: DemirBank

Company Overview

• Company Name: DemirBank

• Mission of the Company: To provide convenient and innovative services and solutions, ensuring successful and convenient banking service in Kyrgyzstan and abroad.

• Founding Year: 1997

• Founders: No information is available

• Key People:

• Dr. Halit Cingillioglu (92.5% stake)

• HCBG Holding B.V., Netherlands (7.5% stake)

• Headquarters: Bishkek, Kyrgyz Republic

• Number of Employees: No information is available

• Revenue: No information is available

• Known For: First international commercial bank in Kyrgyz Republic, innovative and broad range of banking services, and strong commitment to corporate and individual clients using international banking standards.

Products

Consumer Banking

• Loans:

• General Purpose Loans: Designed for various consumer needs.

• Auto Loans & Mortgage: Specific loans for purchasing vehicles and properties.

• Educational Loans: Support education expenses.

• Credit and Debit Cards:

• VISA and Mastercard Options: Both credit and debit facilities available.

• Elkcart National Card and other various banking cards.

Digital Banking

• Internet Banking: Full service mode for efficient online banking.

• Mobile Banking: Conduct transactions and access banking services through mobile devices.

Business Banking

• Business Loans:

• Working Capital Loans: For current costs and working capital needs.

• Investment Loans: For financing capital expenditures like equipment and infrastructure.

• Merchant Services:

• POS Terminals: Extensive network of POS terminals across the Kyrgyz Republic.

• Internet Acquiring Services for e-commerce.

Recent Developments

• Technical Maintenance Activities: Regular updates and system maintenance to ensure seamless banking operations.

• Promotions and Offers:

• Online Loans at 0% Interest: Promotion offering for first-time customers up to 30,000 KGS with no interest charged for six months.

• Holiday Credit Card Promotions: Installments with 0% interest up to 6 months available during the holiday season across a wide network of partners.

• Business Growth Initiatives:

• Launching of reduced-rate loans for business development, targeting small and medium enterprises with attractive annual rates starting from 17% in local currency.

• Partnership with Bellagio Resort: Offering premium-class housing financing on the shorelines of Issyk-Kul with favorable conditions.

• Restrictions on Transactions with Keremet Bank: Ceased payment transactions and transfers with "Keremet Bank" due to unspecified business reasons.

This report provides a focused overview of DemirBank, highlighting its core mission, products, and recent initiatives aimed at enhancing service delivery and expanding market presence.