In April, the Global Alliance for Banking on Values (GABV) welcomed its new member, Kompanion Bank, in Kyrgyzstan, during the GABV Annual Meeting in New York.
The 2023 GABV Annual Meeting in New York formally allowed newly joined members to introduce themselves to the network, among them the latest one to join the movement: Kompanion Bank. The first Kyrgyz member is known for its social responsibility and sustainability activities, including its work in financing projects related to supporting the country’s ecological environment and agribusiness development. Joining the GABV was another step toward ensuring that Kompanion Bank’s financial resources are used to benefit society and the environment.
“Joining the GABV allows Kompanion Bank to collaborate with other banks-participants of this Alliance and use this group’s experience and knowledge to develop further our operations in Kyrgyzstan. It also allows the Bank to strengthen its commitment to sustainable development and continue to work on creating a more responsible financial system,” said Margarita Cherikbaeva, CEO of Kompanion Bank.
Among shareholders of the bank are the funds managed by Triodos Investment Management, located in the Netherlands, which is the funds’ management company of Triodos Bank, one of the founding members of the GABV and an active promoter of sustainable banking values among its partners.
Rosanna Sarkeyeva, Regional Manager for Eastern Europe, Caucasus and Central Asia, Triodos Investment Management/Board of Directors member at Kompanion Bank:
“We are extremely delighted that Kompanion Bank was accepted by the Alliance and consider this an important milestone for developing sustainable banking in the Central Asian region. It is an international recognition of Kompanion’s achievements as a bank that serves underserved population and its strong affinity with local (rural) communities, which is in the DNA of the bank.”
The GABV is delighted to have Kompanion Bank as a member in the Asia Pacific region and is proud of its ever-growing movement that continues to transform finance across the globe.