Brief information about AUB for the press

AsiaUniversalBank (AUB) was established in 1997. Less than in ten years AUB became the leading bank of the country. AUB’s assets and deposits makes a quarter in the total assets and deposits amount of Kyrgyzstan’s banking system; and the Bank got into the top three banks of the country according to the capital amount.

The Bank’s mission - to participate in creation of a financial bridge between the East and the West, using the favorable geographical location, keep up and develop business connections between business communities of CIS and far-abroad countries. Showing a flexible approach to all needs of its clients, taking advantage of its know-how and cutting-edge financial technologies, AUB strives for standing as a reliable partner in the clients’ business development.

AsiaUniversalBank is the leader in providing banking services of the international level. AsiaUniversalBank was the first bank in the country, which, under the slogan “Modern bank for modern people”, offered Internet banking services to corporate clients and private individuals. Thanks to a high professionalism of its employees, AUB serves its customers in English, Chinese, Russian and Kyrgyz.

AUB opened its representative offices in Kazakhstan, Latvia, and Ukraine, and created an extensive correspondent banks network that includes such financial institutions as American Express, Citibank, Credit Suisse, Bank of China and many others.

AsiaUniversalBank is widely acknowledged in the world financial services community. It is a member of the International Chamber of Commerce, the American Chamber of Commerce, SWIFT, and Moscow International Currency Association. An excellent goodwill and lasting relationships with its clients and partners all over the world helped the Bank to win fourteen widely known international awards from the world’s leading publications. These awards include the title “Bank of the Year”, conferred on the Bank by two editions: “Banker” and “Euromoney”, as well as the titles “Best Emerging Market Bank” and “Best Internet Bank” given by “Global Finance”.

Kyrgyzstan’s experts repeatedly named AUB “Bank of the Year”; and in the listing of Kyrgyz Stock Exchange AsiaUniversalBank’s shares are ranked with the highest “A” category. In January 2006 AUB became the first Kyrgyz financial institution that received the international credit rating from Moody's Investors Service company. According to the totals of 2006 AUB takes the 374th place in the list of 1000 biggest CIS banks made by EAC “Interfax”; in the same year “The Asian Banker” put AUB on the list of the best 70 retail banks of the Asian and the Pacific regions, including China and Australia.

The Bank persistently adheres to the principle: to ensure maximal transparency of its operations. All financial accounts are made according to the International Financial Reporting Standards; they are available to the shareholders and to the general public through the Bank’s branches and its website.

The main object of AUB’s risk management is decrease of the Bank’s risk exposure with the view of increasing of its reliability as an irreproachable financial institution for the clients, partners, employees and shareholders. It is also necessary for a long-term successful business development. In its risk management AUB aspires not only to satisfy the local legislation but also to follow the best international practice and to use the experience of the world’s leading banks. Risk management includes a thorough analysis of the whole range of risks the Bank faces, of a possibility and a significance of these risks for the business, as well as learning all existing ways and methods of risk management and their sufficiency, optimization of the Bank’s activity and permanent monitoring of risks’ compliance to the established limits.

AsiaUniversalBank is also one of the leaders among CIS banks in the sphere of counteraction to legalization of illicitly-acquired funds and financing of terrorist activities. In 2005 AUB became the first bank in the Kyrgyz Republic that had established a dedicated Financial Control and Compliance Department which ensured the compliance of the Bank’s activity to the strictest international criteria.

Being one of the leading banks of the Kyrgyz Republic, AUB to full extend realizes its responsibly to the society. Its charity actions in the first place are aimed at support of youth, educational and sports programs as well as at assistance to innovative cultural initiatives. In 1999 AUB instituted its monthly nominal scholarships for students majoring in business. The Bank renders permanent assistance to the libraries of Kyrgyzstan’s Universities. Within the framework of the project “For all times” AUB financed some exhibitions, festivals, guest performances, publishing of books (among them a unique project “Arts in Kyrgyzstan. XX –XXI centuries”) and a well-known Internet resource “Golden fund of Kyrgyzstan”.