# Demir Kyrgyz International Bank

> Source: https://docs.barcoder.ai/docs/wallets/demir-bank-kg
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Demir KG — official](https://www.demirbank.kg/)

## Overview

**Demir Kyrgyz International Bank (Demirbank)** is **Kyrgyz commercial bank** + **Demir-Halk Bank Netherlands DHB Bank Turkish-Dutch parent ~50%+ controlling joint venture with International Finance Corporation IFC + Aga Khan Fund for Economic Development AKFED** + **one of Kyrgyzstan's largest commercial banks by assets** + **founded May 17 1997 in Bishkek Kyrgyzstan** <sup>[1][1], [Kyrgyzstan report](https://docs.barcoder.ai/docs/payments/KG)</sup>.

## History

**May 17 1997 — Demir Kyrgyz International Bank CJSC founded in Bishkek Kyrgyzstan as Turkish-Dutch joint venture with International Finance Corporation IFC + Aga Khan Fund for Economic Development AKFED** distinctive Kyrgyz-Turkish-Dutch banking heritage.

**2014 — Demirbank Mobile banking app launch**.

## Ownership & operator

**Operating entity**: **Demir Kyrgyz International Bank CJSC Demirbank** (Kyrgyz commercial bank).

**Major shareholders**: **Demir-Halk Bank Netherlands DHB Bank (Turkish-Dutch parent) ~50%+ controlling + International Finance Corporation IFC ~25%+ + Aga Khan Fund for Economic Development AKFED ~25%+**.

**Regulators**: **National Bank of the Kyrgyz Republic NBKR**.

## Technical integration

Demirbank Mobile app (iOS + Android) + demirbank.kg online + Demirbank branch network across Kyrgyzstan + Demir Visa + Mastercard + Elcart cards (Kyrgyz national card scheme); Elcart national card scheme + EMVCo QRCPS QR payments + Kyrgyz Som KGS domestic transfers.

## Implementations & partners

**Major Kyrgyz banking + payments competitors**: [MBank Kyrgyzstan](https://docs.barcoder.ai/docs/wallets/mbank-kg) (MBank Kyrgyzstan; ~2M+ MBank users) + [Optima Bank Kyrgyzstan](https://docs.barcoder.ai/docs/wallets/optima-bank-kg) (Optima Bank Kyrgyzstan; Halyk parent) + [KICB Kyrgyz Investment and Credit Bank](https://docs.barcoder.ai/docs/wallets/kicb-kg) (KICB Kyrgyz Investment and Credit Bank) + [Bakai Bank Kyrgyzstan](https://docs.barcoder.ai/docs/wallets/bakai-bank) (Bakai Bank; Kyrgyz commercial bank) + [Halyk Bank Kyrgyzstan](https://docs.barcoder.ai/docs/wallets/halyk-bank-kg) (Halyk Bank Kyrgyzstan).

**Regulators**: National Bank of the Kyrgyz Republic NBKR.

## Status

**Active, Kyrgyz commercial bank + Demir-Halk Bank Netherlands DHB Bank Turkish-Dutch parent ~50%+ controlling joint venture with International Finance Corporation IFC + Aga Khan Fund for Economic Development AKFED + one of Kyrgyzstan's largest commercial banks by assets + founded May 17 1997 in Bishkek Kyrgyzstan** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://www.demirbank.kg/ "Demir KG — official"
[2]: https://en.wikipedia.org/wiki/Demir_Kyrgyz_International_Bank "Demir KG — Wikipedia"
[kg-cro]: https://docs.barcoder.ai/docs/payments/KG

- [1] [Demir KG — official][1]
- [2] [Demir KG — Wikipedia][2]
- <sup>[Kyrgyzstan report](https://docs.barcoder.ai/docs/payments/KG)</sup> In-corpus: `reports/countries/KG-kyrgyzstan.md`

## Source

Biography extracted from [demir-bank-kg.md](https://docs.barcoder.ai/source/wallets/demir-bank-kg). See `matrix.md` for standards-support matrix if present.