The General Manager of Bai-Tushum Bank meets OSCE Academy students


Gulnara Shamshieva, General Manager of Bai-Tushum Bank, delivered an open lecture before the students of the OSCE Academy on the successful transformation of financial fund and microfinance company having a license entitling to mobilize deposits into universal Bank with full-fledged bank license.

The students of the Economic Governance and Development graduate programme got an insight into the history of microfinance sector development in the Kyrgyz Republic, current situation in the Kyrgyz banking and finance sector, as well as the development background of Bai-Tushum Bank, its mission and strategic objectives, principles of relations with clients, shareholders, investors and partners, as well as into Bank’s perspectives and plans.

Gulnara Shamshieva answered many questions, which are nowadays essential for the entire region: on the devaluation of national currencies, on the accession of Kyrgyzstan to the Eurasian Economic Union and its effect on the Kyrgyz economy, and told the students how interest rate is established, about the types of lending, credit risks, about regulation of activities carried out by banks and microfinance institutions, and on the general effect it has on the operation of financial lending institutions.

The students were interested in transformation matters, in the effect transformation has on organization’s social objectives, in client protection principles.

“A success story in banking is not a story of favorable circumstances, but rather an account of the hard work fulfilled by the entire team of specialists, united by a single purpose – to establish a reliable financial institution. Such was a thorny path of Bai-Tushum before it was able to take a rightful place among the most respectable banks in the country. We are ready to share our ample hands-on experience of sound management, which we have accumulated over many years, and we always welcome cooperation”, – pointed out Gulnara Shamshieva.

We remind that the OSCE Academy accepts students from the entire Central Asian region.