WSBI welcomes Kyrgyzstan and Switzerland to the network with two new members

New members from Kyrgyzstan, RSK Bank, and Switzerland, the Frankfurter Bankgesellschaft AG, welcomed to the WSBI’s global family at the General Assembly in Marrakech on 13 October.

RSK Bank was established in the Kyrgyz Republic as a savings and credit company in 1996. Its main activities currently include attracting deposits, opening and managing client accounts, processing payments, providing loans and guarantees, conducting cash management services, executing securities transactions, and foreign currency operations.

The objective of RSK Bank is to emerge as a leading institution in the market for retail services and small to medium-sized businesses. RSK Bank in Kyrgyzstan is a pioneer in ESG (Environmental, Social, and Governance) practices. The bank integrates sustainability into its operations with a focus on green finance and responsible funding for social and environmental projects. They also incorporate sustainability principles in all aspects of their business, practice waste recycling, and ensure accessibility for people with disabilities. RSK Bank is one of the first banks in Kyrgyzstan to be certified for “Best Waste Management Practice.”

The Frankfurter Bankgesellschaft AG was already indirectly connected to the WSBI as it is the private bank of the Sparkassen-Finanzgruppe and is a fully-owned subsidiary of Helaba. The new Swiss member shares the values of the WSBI network as it is committed to building long and close relations with its customers and carries over 100 years of history.

From left to right: Mr Al-Amine Nejjar, WSBI Vice president and President of the Africa Regional Group, and President of the Board of Directors of the host, AL BARID BANK; Mr Peter Simon, WSBI-ESBG Managing Director; Mr Ulanbek Nogaev, Chairperson of RSK Bank; Ms Aichurek Zhakypova, Deputy Chairperson of RSK Bank.