Alga Group acquires Halyk Bank Kyrgyzstan

OJSC "Halyk Bank Kyrgyzstan" is now part of ALGA Group that owned by Visor International DMCC, an international investment group that owns ALGA Group.

Under new ownership, the Bank will introduce innovative financial solutions for both individuals and companies, enhancing its offering of modern, convenient, and secure financial products.

A Strong and Progressive Future: the Bank has maintained a strong and stable presence in the Kyrgyz Republic for almost 20 years. Joining Visor's international investment group marks an exciting new phase in the Bank's development and digital transformation.

Highlights of the Bank's recent recognitions include:

• Awarded the best bank in Kyrgyzstan by Global Finance in March 2024.
• Ranked among the top three best Internet banking services for businesses in 2023 by the SME Banking Agency and awarded the most innovative retail banking app in Kyrgyzstan in 2022 by Global Banking and Finance Review.
• Pioneer in implementing the Sustainable Development Policy with progressive environmental, social, and governance (ESG) practices.

About Visor International DMCC: Visor International DMCC invests across multiple sectors including telecommunications, Fintech, renewable energy, and trade, both in the Central Asian region and internationally. Among other investments, Visor owns the largest telecom operator in Kyrgyzstan, "O!" and a significant payment system, "O!Dengi" payment service. Visor’s long history of successful project implementation promises a stable and innovative future for the Bank. The Bank will continue offering traditional banking services while rolling out practical and advanced technological services to its customers.

Licensing Information: License NBKR №044 dated June 22, 2017.