2 июня 2025
KICB becomes the first bank in Kyrgyzstan to partner with Emirates NBD in the UAE
KICB becomes the first bank in Kyrgyzstan to partner with Emirates NBD in the UAE
Expanding its international correspondent network, KICB has opened a dirham-denominated correspondent account with Emirates NBD, the second-largest bank in the United Arab Emirates. This step reflects KICB’s strong commitment to enhancing global partnerships and developing payment infrastructure in the most in-demand currencies.
The account with Emirates NBD provides KICB clients with direct access to UAE dirham settlements, significantly accelerating SWIFT transfers.
Benefits of SWIFT transfers in dirhams via Emirates NBD:
- Speed — transfers are executed without intermediary banks.
- High reliability and transparency — Emirates NBD is a major international bank with branches across Europe, Turkey, and other countries.
Over the past five years, the UAE has become Kyrgyzstan’s main trading partner among Gulf countries. In 2024, more than half of the bilateral trade volume consisted of exports from Kyrgyzstan. The correspondent account in Emirates NBD will enable Kyrgyz entrepreneurs to scale their business and promote Kyrgyzstan on the global stage.
KICB continues to provide its clients with access to convenient and efficient financial products.
KICB — Your Trusted Bank!
Reference:
CJSC “Kyrgyz Investment and Credit Bank” (KICB) was established in 2001. The authorized capital is USD 23 million. The bank operates 55 branches across the country, offering a full range of banking services. KICB also maintains a correspondent account with Citibank (USA). NBKR license No. 046.
Emirates NBD is the second-largest bank in the UAE, with total assets exceeding AED 1.03 trillion as of March 31, 2025. It operates in 13 countries, including the UK, Saudi Arabia, India, Egypt, Singapore, and China. Recognized globally, Emirates NBD was named “Bank of the Year in the UAE” by The Banker in 2024 and is a leader in digital banking solutions.