The EDB launches settlements in the Kyrgyz som
Bishkek, 5 July 2018. The Eurasian Development Bank (EDB) opened a correspondent account for domestic payments in the Kyrgyz som with the National Bank of the Kyrgyz Republic.
“We hope that the opening of the account in the Kyrgyz som will help to enhance our operations in the Kyrgyz Republic under the Bank’s strategy, which aims to support domestic financial markets of the Bank’s member countries,” Dmitry Ladikov-Roev, Managing Director for Assets and Liabilities at the EDB, commented.
He added that the Bank had already opened correspondent accounts in the national currencies with the Central Bank of the Republic of Armenia and the National Bank of the Republic of Belarus this year. In addition, the Bank provides settlements in the tenge and Russian roubles through the National Bank of the Republic of Kazakhstan and the Central Bank of the Russian Federation, respectively. In 2018, the EDB also plans to open a correspondent account with the National Bank of Tajikistan to access transactions in the somoni.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution founded by Russia and Kazakhstan in January 2006 with the mission to facilitate the development of market economies, sustainable economic growth, and the expansion of mutual trade and other economic ties in its member states. The EDB's charter capital totals US $7 billion. The member states of the Bank are the Republic of Armenia, the Republic of Belarus, the Republic of Kazakhstan, the Kyrgyz Republic, the Russian Federation, and the Republic of Tajikistan.
The EDB Media Centre:
Alexander Savelyev +7 (985) 765 23 59 (Moscow)
Azima Sapargaliyeva +7 (777) 750 00 08 (Almaty)
Sergey Gorbachev +7 (916) 727 22 00 (Moscow)