Bank of Asia CJSC / ЗАО Банк Азии

What Bank of Asia CJSC / ЗАО Банк Азии does

Bank of Asia CJSC (ЗАО Банк Азии) is a privately held commercial bank headquartered in Bishkek, Kyrgyz Republic, operating under NBKR License No. 042 issued on June 22, 2017. The bank serves both retail individuals and corporate clients in Kyrgyzstan through a horizontal segmentation model, offering a comprehensive suite of consumer and business loans (collateral-free online loans from 250,000 to over 7,000,000 KGS at 17-28.82% interest, auto loans, wage loans, and 0% installment products), KGS-denominated deposits (with rates up to 13.5%), and a layered card portfolio spanning Elcart social and standard cards through Visa Classic, Visa Gold, and the premium Visa Infinite with an associated Privilege Club of local merchants.

The bank runs a multi-channel technology stack including the Asia Online mobile application on iOS and Android with 150+ self-service functions, a web-based internet banking platform, SWIFT and clearing/gross settlement integrations, and QR code payment capability. It connects to an unusually broad set of money transfer networks (KwikPay, Best, Contact, Zolotaya Korona, Astrasend, MoneyGram, Western Union, Migom, Blizko, Unistream) covering Russia, CIS, East Asia, South Asia, Southeast Asia, the Middle East, and the USA, and integrates with UZCARD and HUMO rails for Uzbekistan-bound transfers at 0% commission. The bank has positioned ESG as a distinct sub-brand, issuing social bonds, gender bonds, and eco-business loans targeting women entrepreneurs, and participates in deposit insurance up to 1 million KGS under the Kyrgyz Republic Deposit Protection Agency.

Bank of Asia earns revenue primarily through net interest income on its loan book (loan rates 17-28.82% against deposit costs up to 13.5%), supplemented by transaction commissions on domestic and international money transfers, annual card fees (100-10,000 KGS), interest-bearing card balances (up to 7%), loan origination fees, safe deposit box rentals, and bank guarantee fees for corporate clients. Distribution combines a domestic branch and ATM network with 24/7 digital channels and a multi-carrier call center.

Name

Bank of Asia CJSC / ЗАО Банк Азии

Legal name

ЗАО Банк Азии (Bank of Asia CJSC)

Website

https://bankasia.kg

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Bank of Asia CJSC is a privately held Kyrgyz commercial bank (NBKR License No. 042) in Bishkek offering consumer and business loans, deposits, Visa and Elcart payment cards, multi-network money transfers, and digital banking via the Asia Online mobile app to retail and corporate clients in Kyrgyzstan.

Ownership category

akta.pro rank

Headquarters

HQ city

Bishkek, Bishkek

HQ country

Kyrgyzstan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Loans: The bank earns interest income from various consumer and business loans including online loans (up to 250,000 KGS), express loans, auto loans, salary loans, and VIP loans with interest rates ranging from 17% to 28.82% per annum
2. Deposit Interest Payments: The bank accepts deposits from individuals and businesses, paying interest rates of 10% to 13.5% per annum on various deposit products including Asia-Uygeluu, Asia-Baldarkyyal, Asia VIP, Asia-Iykemduu, Asia-Kamkordruk, Asia-Toptolmo, and Asia Jogorku Payz
3. Loan Origination Fees: Commission fees charged for credit report verification, self-restriction checks, and obtaining copies from the State Registration Service, with fees varying by participant role in the credit (borrower 120 KGS, guarantor 70 KGS, collateral provider 50 KGS)
4. Money Transfer Commissions: Commission fees on domestic and international money transfers through various systems including SWIFT, KwikPay, Best, Contact, Zolotaya Korona, MoneyGram, Western Union, and Astrasend, with rates from 0% to 1.5% of transfer amount or starting from 0.5% or 2 USD
5. Payment Card Services: Annual fees for Elkart+, Elkart, Elkart Business, Elkart social cards, Visa Classic, Visa Gold, and Visa Infinite cards, ranging from 100 KGS to 10,000 KGS per year, plus interest on card account balances at 0% to 7% per annum
6. Safe Deposit Box Rental: Rental of safe deposit boxes in various sizes (small 35x25x8 cm, medium 35x25x18/25/28/38 cm, large 35x25x47.5 cm) for periods from 1 month to 1 year
7. Bank Guarantees: Bank guarantee services for businesses including payment guarantees, advance payment return guarantees, contract performance guarantees, and tender guarantees

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels6 records

Core offering

Bank of Asia CJSC is a Kyrgyz commercial bank that accepts deposits (savings accounts in KGS at rates up to 13.5%) and extends consumer and business loans (collateral-free loans from 250,000 KGS up to over 7,000,000 KGS at 17-28.82% per annum). It issues Visa and Elcart payment cards with interest-bearing balances, processes domestic and international money transfers via SWIFT and multiple remittance networks, provides bank guarantees and salary-project services for businesses, and rents safe deposit boxes. Customers access these services through a branch network, the Asia Online mobile app (iOS/Android), internet banking, and a multi-line call center.

Product overview

Bank of Asia CJSC (ЗАО Банк Азии) is a Kyrgyzstan-based commercial bank offering a comprehensive suite of financial products and services through multiple channels including Asia Online mobile banking, Internet Banking, and branch network. The core banking platform includes consumer and business lending products (unsecured loans from 250K to 7M+ KGS with rates from 17-28.82%), deposit products (savings accounts with rates up to 13.5% and terms from 3-60 months), payment cards (Visa Infinite, Visa Gold, Visa Classic, Elcart+, Elcart, and social cards with interest-bearing balances up to 7%), money transfers (domestic via clearing/gross systems, international via SWIFT and third-party networks including Unistream, Contact, Astrasend), bank guarantees, salary projects, safe deposit boxes, and ESG banking services. The Asia Online mobile app serves as the primary digital channel offering 150+ services 24/7, while the Internet Banking platform enables account management and payments. The Infinite Privilege Club provides exclusive local benefits to premium Visa Infinite cardholders.

Differentiator

Problem solved

Functional benefit

Brands

• Asia Online: Mobile and digital banking application (Asia Online) enabling account management, deposits, loans, payments, and money transfers via smartphone.

Products and services

• Asia Online Mobile Banking Self-service mobile banking application for retail and business customers that supports account management, deposits, loan applications, card management, QR-based payments, and more than 150 banking services 24/7 on iOS and Android.
• Internet Banking Web-based remote banking platform that allows individual and business customers to manage accounts, conduct intra-bank and interbank payments, perform currency conversion, and execute foreign currency transactions 24/7.
• Online Loan (Онлайн-насыя) Collateral-free online consumer loan of up to 250,000 KGS, terms of 3-36 months, interest rate of 28.82% per annum, processed digitally without collateral.
• Easy Online Loan (Оңой) Collateral-free online consumer loan of up to 300,000 KGS, terms of 3-36 months, interest rate of 26% per annum.
• Express 500 (Ыкчам-500) Express collateral-free consumer loan of up to 500,000 KGS, terms of 3-36 months, interest rate of 25% per annum.
• Auto Loan (Автонасыя) Vehicle financing loan of up to 2,000,000 KGS, terms of 3-60 months, interest rate of 23% per annum.
• Wage Loan (Эмгек акы насыясы) Salary-backed consumer loan of up to 200,000 KGS, terms of 3-24 months, interest rate of 22-26% per annum.
• Installment Purchases (Бөлүп төлөө) Interest-free installment program for retail purchases of up to 150,000 KGS, terms of 2-12 months.
• Mini-700 Collateral-free consumer loan of up to 700,000 KGS, terms of 3-48 months, interest rate of 22% per annum.
• Standard-3500 Standard collateral-free consumer loan of up to 3,500,000 KGS, terms of 3-60 months, interest rate of 19-20% per annum.
• VIP-7000 Premium collateral-free consumer loan of up to 7,000,000 KGS, terms of 3-60 months, interest rate of 18-19% per annum.
• Super VIP Top-tier collateral-free consumer loan exceeding 7,000,000 KGS, terms of 3-60 months, interest rate of 17-18% per annum.
• Asia Convenient (Азия – Ыңгайлуу) Flexible term deposit product for individuals with a minimum of 100,000 KGS, terms of 6-36 months, interest rate of 12% per annum, with top-up and partial-withdrawal features.
• Asia Children's Dreams (Азия – Балдаркыялы) Long-term children's savings deposit product with a minimum of 5,000 KGS, terms of 24-60 months, interest rate of 11% per annum, with top-up features.
• Asia VIP Deposit Premium deposit product for high-net-worth individuals with a minimum of 3,000,000 KGS, terms of 12-36 months, interest rate of 13% per annum, with partial-withdrawal features.
• Asia Flexible (Азия – Ийкемдүү) Flexible term deposit product with a minimum of 5,000 KGS, terms of 3-36 months, interest rate of 10% per annum.
• Asia Care (Азия – Камкордук) Pension-friendly term deposit product with a minimum of 500 KGS, terms of 3-36 months, interest rate of 13.5% per annum.
• Asia Highest Rate (Азия – Эң эле жогорку пайыз) High-yield term deposit product with a minimum of 5,000 KGS, terms of 3-36 months, interest rate of 13.5% per annum, the bank's highest-rate deposit offering.
• Visa Infinite Card Premium Visa credit card with free issuance, 10,000 KGS annual fee, 1-7% per annum interest on balances, personal concierge service, global airport lounge access, travel insurance, and exclusive merchant privileges through the Infinite Privilege Club.
• Visa Gold Card Mid-tier Visa credit card with a 500 KGS issuance fee, first-year annual fee waived (then 1,000 KGS), and 0.5-5% per annum interest on balances.
• Visa Classic Card Standard Visa card with free issuance, 300 KGS annual fee, and 0% per annum interest on balances.
• Elcart+ Card National Kyrgyz credit card with free issuance, 200 KGS annual fee, 3% per annum interest on balances, and cashback on transfers.
• Elcard Card National Kyrgyz debit card with free issuance, 100 KGS annual fee, and 3% per annum interest on balances.
• Elcart Social Cards Social payment cards for pensioners and social benefit recipients with free issuance and 0% interest on balances.
• Money Transfers (Domestic and International) Domestic transfers via clearing/gross settlement systems in KGS, RUB, USD, EUR and KZT, and international remittances via SWIFT (worldwide) plus multiple networks including KwikPay, Unistream, Best, Contact, Zolotaya Korona, Astrasend, Blizko, Migom, MoneyGram, and Western Union, with commissions from 0% to 1.5% or starting at 0.5% / 2 USD.
• Bank Guarantees Guarantee services for businesses including payment guarantees, advance payment return guarantees, contract performance guarantees, and tender guarantees for participation in tenders and public procurement.
• Salary Project Corporate payroll service that enables bulk salary disbursement to employee Elcart and Visa cards with automated accounting and timely payment processing.
• Account Opening and Maintenance Bank account services for individuals and businesses including account operations, internal transfers, clearing and gross settlements, SWIFT international payments, and internet banking access.
• Safe Deposit Boxes Secure safe deposit box rentals in various sizes (35x25x8 cm to 35x25x47.5 cm) for documents and valuables with 24/7 security and fire protection, available on rental terms from 1 month to 1 year.
• Infinite Privilege Club Exclusive club for Visa Infinite cardholders offering local lifestyle benefits including discounts and privileges at partner restaurants (Morya), hotels (Bridges Hotel, Mountain View), fitness centers (World Class / UFC GYM), clinics (Vedante), and luxury brand stores (L'Occitane, Manifesto, PAESE) in Kyrgyzstan.
• Eco Business Auto Loan Eco-friendly business loan product for sustainable business practices.
• Eco Ishker Ayim Credit Eco-friendly business loan for women entrepreneurs, part of the bank's ESG and gender-bond initiative.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature4 records

Partnerships

15 partnerships are on record, tiered core and minor.

• Visa InfinitecoreTechnology or IntegrationBank of Asia issues Visa Infinite premium payment cards, offering cardholders exclusive privileges including airport lounge access worldwide, premium hotel upgrades, discounts at partner merchants (Mebelnaya No.1, Bridges Hotel, L'Occitane, World Class fitness, Vedante clinic, PAESE cosmetics, Manifesto fashion, Morya restaurant), travel insurance, concierge services, and 1-7% interest on card balances.
• KwikPaycoreTechnology or IntegrationInternational money transfer service covering Russia, Armenia, China, Turkey, South Korea, Uzbekistan, Azerbaijan, Kazakhstan, USA, Sri Lanka, Indonesia, India, Philippines, Thailand, Vietnam, UAE, and Egypt. Supports transfers in RUB, USD, CNY, KRW, UZS, AZN, KZT, INR, PHP, THB, VND, AED, GBP.
• Best (Italy)coreTechnology or IntegrationInternational money transfer system covering Russian Federation and distant foreign countries. Supports transfers in RUB and USD with commission of 0%-1.5% of transfer amount.
• AstrasendcoreTechnology or IntegrationOnline money transfer service for receiving transfers through the bank's internet and mobile banking platforms. Covers Russia, CIS, Baltic countries, and other foreign countries. Supports KGS and USD transfers.
• UZCARD/HUMOcoreTechnology or IntegrationLocal payment systems UZCARD and HUMO enable card-based transactions and transfers within Kyrgyzstan, including transfers to Uzbekistan cards.
• National Bank of the Kyrgyz Republic (NBKR)coreTechnology or IntegrationBank operates under license from the National Bank of the Kyrgyz Republic (License No. 042 dated June 22, 2017). NBKR exchange rates are referenced on the bank's website for currency conversions.
• Mebelnaya No.1minorGTM or Marketing PartnerFurniture store partner offering exclusive deals and professional services to Visa Infinite cardholders of Bank of Asia.
• Bridges HotelminorGTM or Marketing PartnerLuxury hotel offering exclusive surprises and preferential rates to Bank of Asia Visa Infinite cardholders.
• L'OccitaneminorGTM or Marketing PartnerBeauty and cosmetics retailer offering exclusive privileges to Visa Infinite cardholders at their boutique stores.
• Mountain ViewminorGTM or Marketing PartnerHospitality partner offering premium experiences to Visa Infinite cardholders of Bank of Asia.
• Vedante ClinicminorGTM or Marketing PartnerPremium medical clinic offering 10% discount on services from diagnostics to rehabilitation for Visa Infinite cardholders.
• World Class / UFC GYM FitnessminorGTM or Marketing PartnerFitness club offering exclusive conditions to Visa Infinite cardholders including personal training, luxury spa, and other premium services.
• ManifestominorGTM or Marketing PartnerItalian fashion boutique offering exclusive discounts, promotions, and access to unique collections for Visa Infinite cardholders.
• PAESEminorGTM or Marketing PartnerPolish professional decorative cosmetics brand offering 10% exclusive discount on all products for Bank of Asia Visa Infinite cardholders.
• Morya Oyster RestaurantminorGTM or Marketing PartnerUpscale restaurant offering exclusive privileges and dining experiences to Visa Infinite cardholders of Bank of Asia.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Regional players

• ForteBank: Kazakh commercial bank with retail, SME, and corporate lending, deposits, cards, and digital services. Comparable in product mix and segment focus to Bank of Asia, though operating in the larger Kazakh market.
• Halyk Bank: Largest commercial bank in Kazakhstan, offering retail, SME, and corporate banking plus cards and remittances across Central Asia. Comparable in full-service banking model and product breadth, though operating primarily in the larger neighboring Kazakh market.
• Kaspi.kz: Kazakhstan fintech super-app combining payments, marketplace, and consumer banking. Comparable as a digital-first Central Asian bank with strong retail payments and mobile app distribution that competes for regional customer mindshare.
• TBC Bank: Leading Georgian commercial bank that has expanded into Uzbekistan and Central Asia through TBC Uzbekistan and digital banking. Comparable as a regional digital-first banking peer with remittance and consumer finance strength.

Direct peers

• RSK Bank: Kyrgyz commercial bank serving retail and corporate customers with deposits, lending, and payment services. Directly comparable as a domestic Kyrgyz bank competing for the same customer segments as Bank of Asia.
• Optima Bank: Largest private commercial bank in Kyrgyzstan, offering retail and corporate deposits, lending, cards, and digital banking. Directly competes with Bank of Asia across consumer and SME segments within the same Kyrgyz market and product mix.
• Bakai Bank: Kyrgyz commercial bank providing retail and SME deposits, consumer loans, and card products. Competes head-to-head with Bank of Asia in the same domestic market across consumer lending and deposit gathering.
• Kyrgyz Investment and Credit Bank (KICB): Kyrgyz commercial bank with international development partnerships, providing retail and SME lending, deposits, and payment services. Comparable as a direct domestic competitor with overlapping consumer and small-business offerings.
• Demir Bank: Kyrgyz-Turkish joint commercial bank offering retail and corporate deposits, lending, cards, and digital banking in Kyrgyzstan. Directly comparable as a domestic full-service bank serving the same customers as Bank of Asia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/bankasia

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 Bank of Asia CJSC / ЗАО Банк Азии