Jump to content

Asia Universal Bank

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by 2a00:23c4:a29c:bd00:8548:fb0f:338e:e6bf (talk) at 20:32, 26 August 2018 (Tidying to reportage of credit ratings.). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

AsiaUniversalBank
Company typeJoint Stock Company
IndustryBanking
Founded1997
HeadquartersBishkek, Kyrgyzstan
Key people
Nurdin Abdrazakov, CEO
ProductsFinancial Services
Websitewww.aub.com

"Now dissolved, AsiaUniversalBank (AUB) was the largest commercial bank in Kyrgyzstan, holding about a quarter of the combined assets and deposits reported by the entire Kyrgyz banking system. The bank was highly regarded internationally, and received a number of awards, from organizations such as The Banker, Global Finance, The Asian Banker and Euromoney, but subsequently fell from grace.

Originally focused on corporate banking, AUB had actively expanded into retail banking and was the fastest growing mortgage provider in the country. At the time of its existence AUB was the only company in the country to have received an international credit rating. However, following the fall of the Bakiyev regime the bank was nationalised following a wide scale money laundering scandal.

AUB operated 90 branches in the Kyrgyz Republic and had representative offices in Riga, Latvia, Kiev, Ukraine and Almaty, Kazakhstan."