S&P Global Ratings has assigned MBANK a 'B+/B' credit rating, the highest rating currently achievable for banks in Kyrgyzstan.
Leading international rating agency S&P Global Ratings has assigned MBANK OJSC a 'B+/B' credit rating.
The 'B+/B' rating is currently the highest rating achieved by any bank in Kyrgyzstan. MBANK has officially reached the sovereign credit rating level of the Kyrgyz Republic. This milestone confirms that the Bank’s reliability, technological capabilities, and operating standards have received high recognition from one of the world's leading credit rating agencies.
S&P Global Ratings analysts highlighted MBANK’s key strengths, which have secured its leading position in the market:
Public Recognition and Fintech Leadership
As Kyrgyzstan’s leading digital fintech ecosystem, MBANK delivers innovative digital solutions and customer-focused services, setting new standards for banking. The Bank has become one of the most recognizable financial brands in the country. Thanks to its user-friendly mobile application, MBANK has built the largest customer base in Kyrgyzstan and maintains its leadership in terms of active users. S&P Global Ratings expects the Bank to continue strengthening its leading position in the retail banking segment.
Business Scale and Systemic Importance
MBANK is the market leader in lending, with an impressive loan portfolio of KGS 105 billion. S&P Global Ratings emphasizes the Bank’s significant systemic importance to Kyrgyzstan’s financial sector.
Security of Customers’ Funds
S&P experts confirmed that the Bank maintains a substantial liquidity buffer and a high level of liquidity. Customers’ funds are securely protected, while MBANK’s balanced business model effectively mitigates market risks.
Strong Depositor Confidence
Both individuals and businesses choose MBANK to safeguard their savings. This serves as one of the strongest indicators of public confidence in the Bank’s brand, financial stability, and long-term reliability.
Investment in the Future
All of the Bank’s profits are capitalized and reinvested into further development. This strategy ensures continuous investment in digital technologies, enhanced security, and sustainable long-term financial resilience.
Commenting on the international credit rating, Marat Toraliev, First Deputy Chairman of the Management Board for Strategy and Digital Development at MBANK, stated:
"The assignment of an S&P Global Ratings credit rating is an official international recognition of the results of our many years of work. This rating confirms that MBANK successfully combines the stability of traditional banking with leadership in digital transformation while meeting high international standards of reliability, corporate governance, and financial strength.
Today, MBANK not only follows global best practices but also sets new standards for the development of Kyrgyzstan’s banking industry by delivering advanced technological solutions and building a next-generation financial services ecosystem."
MBANK’s recognition at the international level opens new opportunities for the Bank—from attracting major foreign investments to bringing homegrown financial technologies to global markets. It creates a solid foundation for MBANK’s sustainable and dynamic growth while further strengthening its leadership position in the market.
MBANK – The First Digital!
License of the NBKR No. 014.