Doscredobank introduced the first “Green” deposit in Kyrgyzstan!
Within the DCB Green program, Doscredobank has introduced a new product for legal entities -
Green Deposit into its deposit line. The deposit yield is up to 14% per annum in national currency.
The main difference of “Green” deposit is the purposefulness of placement. All funds of depositors
within the framework of this product will be directed to introduction and launch of environmentally
friendly technologies that are consistent with sustainable development goals.
“Green deposit” complies with all the principles of effective ESG, as environmental care is one of the
key areas of the Bank’s activity in the field of corporate social responsibility.
“Today there is a worldwide shift to doing business according to ESG principles, which can be briefly
specified in the following way: as a representative of any business, you need to think not only about
the financial outcome, but also about the positive impact on the environment, social life and
governance. Our bank is actively developing a line of products for responsible financing and
investment. The new deposit will support the ESG-strategies of our corporate clients-partners of the
bank and will contribute to the gradual transition to a clean, energy-efficient and environmentally
sustainable economy of our country” - said Member of the Management Board Azizbek Saipidinov.
OJSC “Housing Savings Credit Company “AK-BOSOGO” was the first responsible investor of the
bank, placing the first “Green” deposit in Doscredobank and the first such deposit in the KR.
Sustainable development (ESG) has long been a central agenda for many companies. An increasing
number of producers are interested in sustainability matters and are increasingly incorporating its
principles into their own development strategies. Housing savings credit company “Ak-Bosogo” is a
mortgage company operating based on the German “Baushparkasse” model. Our company pays
great attention to the effective placement of depositors' savings, that is why it was decided to place
funds on “Green deposit” in Doscredobank” - said Chairman of the Board of Mombekov Ulanbek
Ajybekovich.
Within the framework of the “DCB Green” program a number of eco-products have been developed,
which allow significantly reducing the amount of harmful emissions into the air: installation of energy-
efficient equipment in tourist places, installments on electric vehicles, green credit “eco-house”,
which allows providing gas supply into houses and installing energy-saving boilers. Cashback is
provided on most of the products.
Quick reference: Environmental, Social, and Governance, ESG - is a set of characteristics of company management, which achieves the involvement of this company in the solution of environmental, social and management issues. ESG is a set of company standards that socially conscious investors use to screen potential investments. Environmental criteria consider how a company safeguards the environment. Social criteria examine how it manages relationships with employees, suppliers, customers and communities. Governance deals with a company’s leadership, executive pay, audits, internal controls and shareholder rights.