Eldik Bank is the first bank in Kyrgyzstan to become a direct participant in the Chinese CIPS system

The delegation of Eldik Bank OJSC, headed by the Chairman of the Board of Directors Jyrgalbek Ermeyev, is taking part in the China International Financial Exhibition 2025, which is being held in Shanghai at the World Expo Exhibition & Convention Center.

As part of this event, Deputy Chairman of the Management Board Medet Tairov presented the activities of Eldik Bank, spoke about the key financial indicators, products and services of the bank, dynamic development,achievements, sustainable development strategy, digital transformation, as well as interest in cooperation in the field of payments with banks and financial institutions, as well as entrepreneurs in China.

The key event of the event was the ceremonial signing of the agreement on the direct participation of Eldik Bank OJSC in the Chinese cross-border interbank payment system CIPS (Cross-Border Interbank Payment System).

Along with Eldik Bank, such major global banks as UOB (Singapore), Standard Bank (South Africa), Afreximbank (Egypt), MOX (China), and First Abu Dhabi Bank (UAE) have joined CIPS.

Integration with the system will open up new opportunities for the bank's clients in trading with China and other countries participating in the system, and will also provide a number of significant advantages: faster payments, reduced costs, increased transparency, and expansion of business tools in the Chinese market.

In addition, connection to the CIPS system will contribute to the growth of trade turnover and strengthening of trade relations between Kyrgyzstan and China, and will also increase the competitiveness and adaptability of Kyrgyz businessmen to global financial conditions.