Joint Stock "Bank-Bakai" Company was registered
by the Ministry of Justice of the Kyrgyz Republic
on November 18,1998. The Bank is functioning as
a universal bank in accordance with license # 043,
given by the National Bank of the Kyrgyz Republic
on December 28,1998.
One of the main purposes of the Bank is to receive
maximum profit for its shareholders by granting
a wide range of bank services and products of high
quality. The initial reason for establishing the
Bank was the desire of the founders to set a reliable
and stable modern financial institute, in cooperation
with which both shareholders and their partners
could develop different business directions.
The Bank's shareholders are presented by individuals,
as well as by several big companies of the Kyrgyz
Republic that accomplish their business activity
in different sectors of economy and carry out a
wide range of services.
From the very beginning of its formation the Bank
pays a special attention to the quality of bank
operations performance and to the flexible individual
approach to each client. The Bank's management is
always ready to discuss with clients interesting
projects and suggestions and to help them to find
the optimum decision of any financial problem.
Correspondent relations network
Open Joint Stock "Bank-Bakai" Company
has correspondent relations with the following banks:
ING BANK N.V.
NATIONAL SAVINGS BANK of KAZAKHSTAN
TRADE FINANCE BANK OF ALMATY
"Bank-Bakai" constantly extends its network
of correspondent relations, being guided by the
most reliable banks of the partner-countries.
In any branch of "Bank-Bakai" the clients
have an opportunity use all resources and the most
complete support of JSC "Bank-Bakai":
Head Office of Open Joint Stock "Bank-Bakai"
Phone +996 (312) 660-610
Fax +996 (312) 660-612
JSC "Bank-Bakai" branch in Kara-Balta
ul. Otorbaeva, 1
Phone +996 (3133) 204-57, 202-39
Fax +996 (3133) 214-34
JSC "Bank-Bakai" branch in Osh city
ul. Kyrgyzstana, 32
Phone +996 (3222) 579-29
Fax +996 (3222) 579-38
Savings cash # 1
127 Sovetskaya Str., Bishkek
Phone +996 (312) 665-345
Savings cash # 2
145 Sovetskaya Str., Bishkek
Phone +996 (312) 285-750
Savings cash # 3
57 Manas A·., Bishkek
Phone +996 (312) 600-053
Presently JSC Bank-Bakai carries out policy, connected
with gradual expansion of branches network.
JSC "Bank-Bakai" gives credits
to both legal entities, and particular citizens
(individuals), offering clients loans in KG soms
and US dollars under a pledge.
· The range of current interest rates under
given out credits, established by the Bank, is
given in section "Tariffs" of
this part. The interest rate is determined separately
for each credit.
· JSC "Bank-Bakai" gives
loans for the term of 3 and 6 months.
Bank-Bakai offers the following currency operations:
- Credit cards
- Traveller's cheques
- Western Union
- Documentary operations
"Bank-Bakai" issues and services
the following kinds of credit cards of international
systems VISA and EuroCard/MasterCard:
Credit cards are accepted for payment of goods
and services in millions of trade and service
companies around the world. The credit card owner
can receive cash anytime in hundreds of thousands
ATM's and banks in any country of the world; hence,
there is no necessity to bring with big amounts
of cash. So there is an opportunity to pay for
goods and services in any currency and in any
country of the world!
Using credit cards you receive indisputable advantages:
·Possibility to use own line account for
receiving money in any country of the world;
·Fast and convenient access to cash in
any country of the world 24 hours a day;
·There is no necessity to declare money
placed on a card, while departure abroad;
·Purchasing goods, you don't have to risk
bringing with big amounts of cash;
·At payments abroad, money from card are
automatically converted in currency of the country
·There is an opportunity to use "Common
purse" function (opening additional cards
to close relatives on one card account, making
expenses of your family more controlled and planned);
·The cards provide effective protection
against losses and thefts, because after receiving
from the owner notice the Bank stops all operations
on card account.
By deciding to purchase a credit card, you become
the proprietor of the most popular and modern
payment means in the world!
Traveller's cheque (as well as a credit card)
- is a reliable instrument of payment and reception
of cash during trip abroad. But, in contrast to
cards, purchasing the cheque you don't have to
open the special card account and to wait for
card making. Besides, historically traveller's
cheques have yet wider circulation in the world,
than credit cards, which were applied rather recently.
"Bank-Bakai" sells and purchases
various traveller's cheques, including such, as:
o American Express
o Thomas Cook
o City Corporation
Furthermore, "Bank-Bakai" is
one of the first banks in Kyrgyzstan that began
providing new service - sale of the American Express
At the moment our Bank is the only bank in republic,
selling the American Express traveller's cheques.
The traveller's cheque - is one of the most convenient
ways of storing money during trips abroad:
· In case of theft or loss of the traveller's
cheques the International service of financial
compensation indemnify the amount of the disappeared
cheques in the shortest terms.
The only thing you have to do is to address to
its local office or to call on one of the phone
numbers that accept calls from any place in the
world 365 days in a year round the clock;
· Traveller's cheques are accepted as payment
means in shops, restaurants and hotels of many
· Usually, traveller's cheques can be exchanged
for cash in local currency at the nearest bank
or exchange office in any country;
· Frequently exchange rate applied to the
traveller's cheques is more favorable than the
one to cash operations.
"Bank-Bakai" is glad to offer its clients
money transfer service on Western Union system.
Western Union services are very easy to use. It
is enough to come to any service office of "Bank-Bakai"
and its employees will quickly and professionally
help to send or to receive a money transfer.
For transferring money, opening bank account is
not needed. The recipient obtains such money transfers
immediately after departure. Each transfer is
protected by secure safety system of a world class,
which guarantees, that money will be paid only
to a specified person.
Along with traditional Western Union transfers
from one person to another "Bank-Bakai"
offers money transfer service from individual
to a legal entity on Quick Pay system.
The basic distinguishing features of Western Union
transfers (including Quick Pay) are:
At the present time there are more than 80'000
Western Union service offices in almost 180 countries
of the world, that makes Western Union transfers
the most accessible and convenient instrument
for our clients.
"Bank-Bakai" provides clients with all
services necessary for foreign trade bargains
and conducts all documentary operations:
· The export-import documentary credit
· Documentary collection orders
· Bank guarantees
The Bank employees render a thorough professional
support at before-contract working stage in choosing
the most beneficial forms of calculation with
the purpose to protect interests of both exporters
and importers in a maximum degree.
The documentary credit form of payments
Documentary credit (letter of credit) stands for
money obligation of the Bank, accepted on the
basis of the client- buyer's order, to make payment
for seller against representing by him [seller]
documents, which were stipulated by conditions
of the letter of credit. Using different designs
of the documentary letters of credit in payments
among themselves, buyers and sellers have an opportunity
to reduce risks related with a party of contract
to a minimum.
Payments by collection orders
Documentary collection order implies that a seller
receives through a bank the due amount against
delivering by it [bank] seller's documents to
a buyer. In comparison with direct bank transfer
documentary collection order is much more secure,
because it doesn't allow a buyer to receive in
possession order and covering documents on goods,
and as a consequence, a buyer won't have any opportunity
to get goods, not paying for them.
Bank guarantee is an obligation of a guarantor-bank,
granted on the order and at the expense of a client
(PRINCIPAL), to pay to a bank guarantee recipient
(BENEFICIARY) an amount of money, stipulated by
the obligation under a contract between the Principal
and Beneficiary, after presenting by Beneficiary
the written order for payment, and, perhaps, additional
documents, specified in a bank guarantee and appropriate
to its conditions.
In contrast to documentary credit and documentary
collection, bank guarantee is the tool of securing
obligations performance, by parties of contract,
not the form of payments between them.
In case you have any questions relative to choosing
a sort of documentary credit or document, be sure,
that addressing to "Bank-Bakai"
you will always get qualified advice and assistance
in your business.
Operations with securities
JSC "Bank-Bakai" provides its
clients with complete and authentic information
on a condition of the securities market of Kyrgyzstan,
renders consulting and broker services at a high
professional level, and operates, taking into
consideration all of the client's requests.
Department of Securities carries out operations
with all kinds of state securities of the Kyrgyz
· Operations with State Treasury bills
· Operations with State Bonds of Restructured
· Operations with the notes of the National
Bank of the Kyrgyz Republic (NBKR notes).
State Treasury bills - short-term state securities,
issued for loan distribution and money resources
mobilization. State Treasury Bills are freely
traded with discount to nominal price both among
individuals and legal entities. Nominal price
- KGS 100.
State Bonds of Restructured Loan - bonds that
are traded at a price below nominal, are repaid
at face value. Nominal price - KGS 100.
NBKR notes - state short-term securities, issued
by NBKR in order to regulate money supply. Notes
are traded with discount, and are repaid at nominal
price. Nominal price of one note - KGS 10'000.
JSC "Bank-Bakai" gives its clients
an opportunity to place their free money resources
on the bank deposits at a certain interest rate
in national or foreign currency and offers the
following kinds of deposits:
· Demand deposit;
· Time deposit (from 1 month to 1 year
and longer term);
· "Universal" deposit
(from 3 month till 1 year and longer term).
Bank's experts will help to choose the kind of
deposits, which would to the greatest degree meet
the requests and opportunities of the client.
Besides the standard time and demand deposits,
JSC "Bank-Bakai" already more than year
offers its depositors a unique opportunity to
enjoy the advantages of a new depositing method
on conditions of the "universal"
SPECIAL OFFER FROM "Bank-Bakai"
- DEPOSIT "UNIVERSAL"
The distinctive characteristic of this kind of
deposit, is that you have an opportunity to replenish
this deposit at your own discretion, depositing
additional amount of money, not losing interest
income and not being bothered by opening another
JSC Bank-Bakai guarantees maintenance of the interest
rate, both for principal, and for the additionally
deposited amount, before the expiry of deposit
This new form of deposit has following advantages:
· You don't have to take off money and
· Instead of losing, you receive interest
· Any time, at your desire, you can replenish
your deposit over and over again.
· The Bank guarantees not only the principal,
but also interests and additionally deposited
amount, before the expiry of deposit term.
Safe deposit boxes
One of the services provided by "Bank-Bakai"
is the storage of valuables in safe deposit boxes.
From the very beginning of its activity JSC "Bank-Bakai"
offers the service of keeping values in individual
bank safe boxes. Several dozens of safe deposit
boxes, which store and guarantee absolute safety
of values, are at the clients' disposal.