BNK Capital Begins Operations of Overseas Subsidiary Kyrgyzstan Corporation

BNK Capital Kyrgyzstan corporation officials are taking a group commemorative photo to celebrate the commencement of business.

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] MCC BNK Finance LLC, the sixth overseas subsidiary of BNK Capital, officially commenced operations on the 1st.

BNK Capital began its entry into the Central Asian market in 2018 with Kazakhstan and has continuously sought additional opportunities in Central Asia. In September, it completed the establishment of its second microfinance institution in the region, the Kyrgyzstan subsidiary.

BNK Capital's Kyrgyzstan subsidiary plans to target the Kyrgyzstan market by benchmarking the Kazakhstan subsidiary, which shares similar culture and language, building systems and sales processes, and developing products tailored to the local market.

In particular, with this entry into the Kyrgyzstan market, BNK Capital aims to establish an Asian financial belt connecting Southeast Asia and Central Asia, positioning itself as a global leader in the industry.

BNK Capital CEO Lee Doo-ho said, "Considering the high financial demand of locals compared to the loan supply from local financial institutions and the potential future conversion to a microfinance institution or bank capable of deposit-taking, we decided to expand our financial business by entering this market."

He added, "We will spare no effort and support to become a model company contributing to local economic growth through successful settlement in the Kyrgyzstan retail finance market."

BNK Capital currently operates six overseas subsidiaries in five countries across Southeast Asia and Central Asia, including Kyrgyzstan, employing approximately 1,200 local staff and engaging in microloans and installment finance businesses.

This content was produced with the assistance of AI translation services.