March 30, 2018 — The Union of Banks of Kyrgyzstan joined SBN in March this year. The Union now comprises 24 commercial banks, two large microfinance institutions, one leasing company, and three associate members. The Union signed a memorandum of understanding with the Institute for Sustainable Development of Finance at the Green Economic Forum held in Bishkek in November 2017. Under this agreement, a mutual understanding was reached in the need to develop sustainable financing, and to prepare commercial banks to attract global capital for green and socially responsible financing of the economy. The Union plans to develop a sustainable finance roadmap for Kyrgyzstan.
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