BNK Capital Establishes New MFO Subsidiary in Uzbekistan

Kazakhstan, Kyrgyzstan, Uzbekistan

Establishing a Central Asia Triangle Business Network

BNK Capital established a new Micro Finance Organization (MFO) in Uzbekistan on June 13.

BNK Capital Opens Uzbekistan MFO Corporation.

Since its entry into Cambodia and Myanmar in 2014, followed by Laos in 2015, Kazakhstan in 2018, and Kyrgyzstan in 2023, BNK Capital has steadily expanded its global business network.

Uzbekistan marks BNK Capital's sixth overseas expansion and is the third branch in Central Asia after Kazakhstan and Kyrgyzstan, thereby establishing a Central Asian triangle business network.

The newly established 'Uzbekistan MFO' will mainly provide small-scale financial services such as real estate and auto-secured loans, new car installment financing, and loans for Uzbek workers entering Korea. The company plans to gradually expand its branches to increase market share. Additionally, BNK Capital aims to build a profit-oriented portfolio by creating synergy with its existing branches in Kazakhstan and Kyrgyzstan.

A BNK Capital representative stated, "BNK Capital will respect the characteristics and culture of the local market and cooperate with local customers and businesses," adding, "We will repay the people of Uzbekistan, our new partners, with warm and upright finance that fosters mutual growth in the community."

BNK Financial Group Chairman Bin Daein personally attended the opening ceremony of the Uzbekistan MFO branch to celebrate the establishment of the new company. Including Uzbekistan, BNK Capital now operates seven branches in Myanmar, Cambodia, Laos, Kazakhstan, and Kyrgyzstan, employing around 1,000 staff members engaged in microloans and leasing businesses.

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