S&P Global Assigns MBANK Highest Rating for Kyrgyz Banks

MBANK has achieved a significant milestone, receiving the highest possible credit rating of "B+/B" from the international agency S&P Global Ratings. This rating is the maximum currently attainable for banks operating within Kyrgyzstan and places MBANK on par with the country's sovereign credit rating.

S&P Global Ratings recognized MBANK's leading market position, attributing its success to innovative digital solutions and customer services that are setting new standards in the nation's banking sector. The bank boasts one of the most recognizable brands in Kyrgyzstan and maintains a dominant position in terms of user numbers through its popular mobile application, with S&P expecting continued growth in the retail segment.

The agency also emphasized MBANK's substantial scale and systemic importance, noting its leading role in the country's lending market with a portfolio of 105 billion som. Furthermore, S&P confirmed the bank's robust liquidity and strong capital reserves, assuring the safety of customer funds and highlighting a balanced business model that mitigates market risks.

Marat Toraliyev, First Deputy Chairman of the MBANK Management Board for Strategic and Digital Development, stated that the S&P rating is a global acknowledgment of the bank's long-term efforts. He added that MBANK successfully combines the stability of traditional banking with leadership in digital transformation, adhering to international standards of reliability and financial stability. This international recognition is expected to open new avenues for MBANK, including attracting foreign investment and expanding its technological reach globally.

“

The assignment of the S&P Global Ratings rating is an official global recognition of the results of our many years of work. The obtained rating confirms that MBANK combines the stability of traditional banking business with leadership in digital transformation, meeting high international standards of reliability, management, and financial stability. Today, MBANK not only follows the best global practices but also sets new standards for the development of the banking industry in Kyrgyzstan, offering customers modern technological solutions and creating a next-generation financial services ecosystem.