Tazabek – Chairman of the Board of CJSC Kompanion Bank Margarita CherikbaevaDoctor of Business Administration (DBA), was elected as an independent member of the Board of Hamkorbank – one of the largest commercial banks in Uzbekistan. Margarita Cherikbaeva retains the position of Chairman of the Board of Kompanion Bank, and her participation in the Board of Hamkorbank opens up additional opportunities for exchanging experience and strengthening professional ties between financial institutions of the two countries.
The development of such interaction is of particular importance against the backdrop of the digital transformation of the banking sector in Central Asia. Financial institutions of Kyrgyzstan and Uzbekistan solve similar problems: developing digital services, expanding access of the population and business to financial products, increasing the efficiency of banking processes and improving corporate governance. The exchange of practical solutions and management approaches allows us to use the experience of neighboring markets for the further development of financial services.
Kompanion Bank has significant practical experience in these areas. Under the leadership of Margarita Cherikbaeva, who has served as Chairman of the Board since 2018, the Bank strengthened its position in the financial market of Kyrgyzstan and implemented a large-scale digital transformation. Today Kompanion Bank is among the top 8 banks in the country, and the Kompanion mobile application is among the top 3 digital banking products for individuals. The application brings together more than 1.8 million users and over 900 financial services. The development of the digital ecosystem and the introduction of modern technologies have allowed the Bank to accumulate significant experience in the field of digital banking and increasing the accessibility of financial services, which is of interest to financial institutions in Central Asia.
As part of the Board of Hamkorbank, Margarita Cherikbaeva also joined the Committee for Strategic Planning, Development and Corporate Governance and the Nomination and Remuneration Committee. The work of these committees covers issues of the bank’s long-term strategy, improving corporate governance and personnel policies. Participation in the work of committees expands the opportunities for professional exchange between the banking sectors of Kyrgyzstan and Uzbekistan, combining the experience of Kompanion Bank in the field of digital transformation and development of financial services with the best practices of Hamkorbank. Such interaction contributes to the introduction of modern approaches to corporate governance, improvement of banking processes and the development of financial services in the region.
Hamkorbank – one of the largest commercial banks in Uzbekistan, operating in the financial market since 1991. The bank is one of the ten leading banks in the country in terms of assets exceeding $3 billion, and serves more than 5.5 million individuals and 130 thousand entrepreneurs. Hamkorbank occupies a significant position in financing small and medium-sized businesses and develops retail and digital banking services. Its shareholders include the International Finance Corporation (IFC), the Netherlands Development Bank (FMO) and investment funds managed by the Swiss company responsAbility.
Kompanion Bank continues to consistently strengthen its presence in the international banking community. Chairman of the Board Margarita Cherikbaeva is an independent member of the Board of Directors of Credo Bank (Georgia), where she also heads the Audit Committee, and a member of the Board of Directors of the Global Alliance for Banking on Values (GABV). The participation of the bank’s head in the management bodies of foreign financial institutions reflects the demand for Kompanion Bank’s experience, including achievements in the field of digital transformation and the development of modern financial services. The election to the Board of Hamkorbank becomes another step in expanding the international interaction of Kompanion Bank and strengthening professional ties with financial institutions in the region.
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