MBANK is the leader of the banking sector with the highest net profit.

NEW YORK, NY, March 05, 2025 /24-7PressRelease/ — MBANK has emerged as the frontrunner in Kyrgyzstan’s banking sector, achieving the highest net profits for the first 11 months of 2024. This remarkable accomplishment highlights the bank’s innovative, digitally-driven strategy and its ability to thrive in a competitive landscape where many institutions have faced profitability challenges.

The bank’s performance is not merely a statistic; it reflects MBANK’s significant influence on Kyrgyzstan’s financial ecosystem. By embracing advanced technology and fostering a diversified service portfolio, MBANK has reached new heights. Its offerings include seamless digital onboarding, rapid transactions, and a wide range of financial products and lifestyle services, all of which have garnered the trust and loyalty of millions of customers.

Financially, MBANK, owned by businessman Omurbek Babanov, has shown impressive growth, with assets increasing five-fold since 2021 to surpass the $1 billion mark. Its active customer base has also skyrocketed, growing fifteen times since 2021 to over 3 million—representing approximately 80% of Kyrgyzstan’s adult population. This remarkable adoption rate underscores the bank’s strong market presence and its capacity to meet the evolving demands of consumers.

Beyond traditional banking, MBANK is reshaping the financial landscape through its interconnected ecosystem. This includes travel booking via MTRAVEL, e-commerce through MARKET, and accessible financing with MPLUS, creating a robust network that enhances customer engagement. The bank’s QR code payment system is now present at over 60% of POS terminals nationwide, revolutionizing transactions in Kyrgyzstan and solidifying MBANK’s role in the country’s growing digital economy.

MBANK’s success in achieving top net profits for 2024 is not an isolated incident but the result of a long-term vision focused on innovation, customer empowerment, and sustainable growth. The bank continues to adapt and shape market dynamics, positioning itself as a catalyst for digital transformation in Kyrgyzstan. With this latest achievement, MBANK cements its status as a leading force in the region’s fintech sector, poised for ongoing success in the future.

Website: https://mbank.kg/en

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