Bai-Tushum Bank

Name

Bai-Tushum Bank

Legal name

OJSC Bank "Bai-Tushum" (ОАО Банк «Бай-Тушум»)

Website

https://baitushum.kg

Company type

Private

Founded year

2000

Operating status

Operating

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110), Depository Credit Intermediation (5221), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Functions Related To Depository Banking, Nec (6099), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Cross-Border A2A & Bank Transfer Networks (FSAMAIAF)

akta.pro secondary industries

Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG)

Keywords

• Retail banking services
• Consumer lending
• SME banking
• Agricultural lending
• Digital banking

Headquarters

HQ city

Bishkek

HQ country

Kyrgyzstan

HQ region

Asia

Offices20 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Interest Income on Loans: The bank extends various loan products (consumer loans, auto loans, mortgage, agribusiness loans, education loans, SME loans, overdrafts, and installment credit) and earns interest income as the primary revenue driver. Interest rates range from approximately 21-25% per annum across product categories.
2. Deposit-Taking and Interest Expense: The bank accepts deposits from retail and corporate clients in KGS, USD, EUR, and RUB, paying interest on deposits as a cost of funding. Deposit rates range from approximately 4.5% to 14% per annum depending on currency and term.
3. Payment Card Fees and Commissions: Revenue from issuance and maintenance of VISA, Elcart, UnionPay, and specialty co-branded cards (e.g., Elcart Red Petroleum), including interchange fees, annual fees, and transaction commissions.
4. Money Transfer Services: Fees from domestic and international money transfers (Western Union, Golden Crown, Contact, RIA, etc.), as well as BTB Express instant transfers to Russia.
5. Trade Finance and Banking Guarantees: Revenue from trade finance services, letters of credit, and bank guarantees provided to corporate and SME clients.
6. Factorinng and Leasing: Fees and interest income from factoring services and leasing programs, including partnerships with the State Development Bank of the Kyrgyz Republic.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels6 records

Core offering

Bai-Tushum Bank is a full-service commercial bank in the Kyrgyz Republic that accepts deposits and extends a wide range of loans (consumer, auto, mortgage, agricultural, education, SME, and overdraft) in KGS, USD, EUR, and RUB. It issues payment cards (VISA, UnionPay, Elcart), provides domestic and international money transfers, and offers business services including factoring, leasing, trade finance, bank guarantees, and escrow accounts. Distribution is multi-channel via 51+ branches, internet banking, mobile banking (BTB 24), online applications, and a partner affiliate program.

Product overview

Bai-Tushum Bank offers a comprehensive suite of banking products and services positioned as a full-service financial institution in Kyrgyzstan. The product portfolio is organized across retail banking (deposits, consumer lending, payment cards), business/SME banking (commercial loans, trade finance, business deposits), and digital channels (mobile banking BTB 24, internet banking, BTB Business). Core deposit products include four named offerings: Бай-Тушум Выгодный (Profitable) for competitive term savings, Бай Тушум Удобный (Convenient) with flexible replenishment, Расти большой (Grow Up Big) for child savings, and Эксклюзив (Exclusive) allowing partial withdrawals without rate penalties. Lending products span consumer loans, auto loans, mortgages, agricultural credits, business loans, education loans through KIVA program, farmer support loans with USAID partnership, and green loans for housing improvements. Payment infrastructure includes Visa, UnionPay, and national Elcart cards with co-branded Red Petroleum fuel card and Junior cards for children. Digital banking is delivered through BTB Mobile Banking app, Internet Banking, and BTB Business platform, complemented by money transfer services via BTB Express (Russia) and multiple international systems. The bank operates as a traditional commercial bank with physical branch network and digital-first service delivery.

Differentiator

Problem solved

Functional benefit

Brands

• Bai Tushum Deposit "Profitable" (Бай-Тушум Выгодный): Deposit product with competitive interest rates, available in KGS, USD, and RUB with terms from 3 to 36 months
• Bai Tushum Deposit "Convenient" (Бай Тушум Удобный)
• Bai Tushum Deposit "Exclusive" (Эксклюзив)
• Child Deposit "Grow up big" (Расти большой)
• BTB Mobile Banking (BTB 24)
• BTB Business
• BTB Express
• Goods in Installments (Товары в рассрочку)

Products and services

• Bai-Tushum Profitable Deposit (Бай-Тушум Выгодный) Term deposit product with competitive interest rates available in KGS, USD, and RUB, offering monthly interest payouts or lump-sum payment at maturity with automatic renewal option, for individual savers.
• Bai Tushum Convenient Deposit (Бай Туушум Удобный) Flexible replenishable deposit allowing incremental savings with unlimited top-ups until 90 days before maturity, with monthly or at-maturity interest payment and automatic renewal, for individual savers.
• Grow Up Big Child Deposit (Расти большой) Children's savings deposit opened in a child's name (up to 14 years) to build financial security for the child's future, featuring partial withdrawal bonuses after half the term, for parents saving for children.
• Exclusive Deposit (Эксклюзив) Deposit product allowing partial withdrawals of up to 50% of the balance while maintaining the original interest rate, with terms up to 12 months, for individual savers.
• Auto Loan (Автокредит) Vehicle financing for new and used cars up to 5,000,000 KGS with terms up to 60 months, requiring 20-30% down payment, for individual consumers.
• Consumer Loans (Потребительские кредиты) Unsecured personal loans for various consumer needs with flexible terms and amounts, for individual borrowers.
• Mortgage (Ипотека) Housing loans for purchasing or constructing real estate with property as collateral, for individual homebuyers.
• Agricultural Credit (Агрокредит) Specialized loans for agricultural activities including livestock, crop production, and farm equipment, for individual farmers and agricultural producers.
• Business Loan (Бизнес кредит) Loans for small and medium enterprises to support business development, working capital, and expansion, for SME clients in trade, services, and production sectors.
• Education Loan (Кредит на образование) Loans for tuition contracts at universities, colleges, private schools, and technical equipment purchases for educators, offered through the KIVA program, for students and educators.
• Farmer Support Loan (Кредит Поддержка фермеров) Special soft loan program in partnership with USAID Agro Horizon for plant growing, dairy, and meat production with guaranteed product sourcing, for individual farmers.
• Green Loan (Зеленый кредит) Eco-friendly housing improvement loans supporting energy-efficient and environmentally sustainable home upgrades, for individual homeowners.
• Express Loan (Кредит Ылдам) Quick disbursement loan for urgent financing needs with streamlined approval process, for individual borrowers.
• Installment Purchases (Товары в рассрочку) Point-of-sale installment financing allowing merchant partners to offer installment payment plans for goods to retail consumers.
• Overdraft (Овердрафт) Pre-approved credit line allowing account holders to exceed their balance up to a set limit, for individual and business account holders.
• BTB 24 Mobile Banking Mobile banking application available on iOS and Android enabling 24/7 account management, fund transfers, currency exchange, deposit control, and transaction monitoring, for retail and business customers.
• Internet Banking Web-based online banking platform providing 24/7/365 access to account management, transfers, payments, and financial operations, for retail and business customers.
• BTB Business Platform Business digital banking solution for SME clients to manage finances, payments, and corporate operations.
• BTB Express Money Transfer Instant money transfer service enabling fast remittances from Kyrgyzstan to the Russian Federation, for individual senders.
• VISA Cards (Classic, Gold, Platinum, Business) International payment cards for retail and corporate customers with cashback features and global acceptance.
• UnionPay Cards International payment cards accepted globally through the UnionPay network, for retail and business customers.
• Elcart Red Petroleum Card Co-branded national debit card with 1% cashback on fuel purchases at Red Petroleum gas stations across Kyrgyzstan, for individual consumers.
• Junior Payment Cards Prepaid payment cards designed for children to teach financial literacy with parental controls.
• Money Transfers (Western Union, RIA, Golden Crown, etc.) International and domestic money transfer services distributed through Western Union, RIA, Golden Crown, CONTACT, MTS Bank, SENDY, UPT, and other partner networks, for individual senders and receivers.
• Factoring (Факторинг) Accounts receivable financing service for businesses to improve cash flow by selling invoices to the bank, for SME and corporate clients.
• Bank Guarantees (Банковские гарантии) Guarantee services for businesses to secure contractual obligations in trade and project financing, for SME and corporate clients.
• Trade Finance (Торговое финансирование) Import/export financing and documentary credit services supporting international trade transactions, for SME and corporate clients.
• Escrow Account (Эскроу счет) Secure account service for holding funds during transactions until contractual conditions are met, for individual and business customers.
• Payroll Project (Зарплатный проект) Salary disbursement service for businesses to automate employee payroll processing, for corporate and SME employers.
• Leasing (Лизинг) Equipment and vehicle leasing services for business clients offered through partnership with the State Development Bank of the Kyrgyz Republic, for SME and corporate clients.
• BaiPay QR Payment Service QR code-based payment service for retail purchases including cross-border purchases in China with promotional cashback offers.

Quantifiable outcome

• Total assets of KGS 7.63 billion, ranking among top 10 banks in the Kyrgyz Republic.
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• USAID Agro HorizoncoreStrategic or Co-development PartnerUSAID Agro Horizon partners with Bai-Tushum Bank to offer special agricultural loans for crop production, dairy, and meat sectors. The program enables farmers to access financing in installments and provides guaranteed fair prices through contracts with partner warehouses and processing plants.
• KIVAcoreStrategic or Co-development PartnerBai-Tushum Bank participates in the KIVA microfinance program, offering special loans for education, agriculture, green housing improvements, and farmer support. KIVA provides a platform for transparent tracking of loan repayments and borrower success stories.
• Agricultural Processing Plants / Warehouses (Partner Network)coreStrategic or Co-development PartnerBai-Tushum Bank partners with processing plants and warehouses as part of its farmer support program. Farmers receive financing with contracts with these partners serving as partial collateral, and the partnerships provide guaranteed market access at fair prices for agricultural produce.
• State Development Bank of the Kyrgyz RepublicminorStrategic or Co-development PartnerBai-Tushum Bank jointly offers leasing products with the State Development Bank of the Kyrgyz Republic, enabling SME clients to access equipment and asset financing through government-supported programs.
• Money Transfer Networks (Western Union, Golden Crown, Contact, RIA, UPT, Best, Astasend, Yldam, SENDY)minorChannel Partner/ Reseller/ DistributorBai-Tushum Bank serves as a distribution agent for multiple international money transfer services, enabling customers to send and receive remittances across Kyrgyzstan.
• Red Petroleum (Co-branded Card Partner)minorGTM or Marketing PartnerCo-branded Elcart payment card 'Bai-Tushum — Red Petroleum' offers cardholders a 1% discount on fuel purchases at Red Petroleum gas stations across Kyrgyzstan.
• MTS Bank (Russia)minorChannel Partner/ Reseller/ DistributorBai-Tushum Bank enables fee-free money transfers from Russia through MTS Bank, providing a cost-effective remittance channel for Kyrgyz workers receiving income from Russia.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Optima Bank: A leading Kyrgyz commercial bank offering retail deposits, consumer and SME lending, payment cards, and digital banking across the domestic market—directly comparable to Bai-Tushum's full-service franchise in the same country.
• Kyrgyz Investment and Credit Bank (KICB): Kyrgyz full-service bank also originating from an international development microfinance project (similar to Bai-Tushum's ACDI/VOCA–Caritas origins), serving retail, SME, and corporate clients with comparable product breadth.
• Halyk Bank Kyrgyzstan: Subsidiary of Halyk Bank of Kazakhstan operating in Kyrgyzstan; offers retail and SME banking, deposits, cards, and money transfers in the same domestic market, with the backing of a larger regional banking group.
• Demir Bank Kyrgyzstan: Kyrgyz commercial bank providing retail deposits, consumer/SME lending, payment cards, and digital banking in the same domestic market—directly comparable full-service competitor.
• RSK Bank: Kyrgyz commercial bank with retail and SME focus operating within the same regulatory framework and competing for the same customer base.

Regional players

• TBC Bank Uzbekistan: Digital-first full-service bank in Uzbekistan from the TBC (Georgia) group; serves retail and SMEs in a comparable Central Asian emerging market with a similar remittance and consumer-credit-driven model.

Broad incumbents

• Halyk Bank of Kazakhstan: Largest retail bank in Kazakhstan and parent of Halyk Bank Kyrgyzstan; operates a broadly comparable retail/SME/corporate banking franchise at significantly greater scale across the region.
• Kaspi.kz: Central Asia's leading super-app combining payments, marketplace, and fintech services; sets the digital benchmark for retail deposits, consumer credit, and payments that mid-tier Kyrgyz banks like Bai-Tushum must compete against.

Others

• KIVA: Global crowdfunding platform partnered with Bai-Tushum for KIVA microfinance programs (education, agriculture, green housing, farmer support)—an ecosystem enabler and distribution channel rather than a direct competitor.
• Visa: Global card network whose products (VISA Classic/Gold/Platinum/Business) are issued and processed by Bai-Tushum; a critical infrastructure partner rather than a competitor, but also indicative of the ecosystem the bank participates in.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bankbaitushum

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bai-Tushum Bank