Bank Kompanion’s Statement on the International Day of Family Remittances (IDFR)

June 16 is more than just a date. It is a day when the world acknowledges the efforts of those who, despite being far from their families, provide daily support to their loved ones.

Remittances sent by migrant workers are not merely financial transactions — they are lifelines. They represent care, hope, and a chance for millions of families to access healthcare, education, food, and shelter. These flows of support form invisible bridges between countries, generations, and people. At Bank Kompanion, we witness these human connections every day — in our branches, our mobile apps, and our clients’ real-life stories.

Together with IFAD, we stand for shared values: economic resilience, empowerment of rural communities, and building a future where no one is left behind.

1. Expanding Access and Transparency

For over 20 years, Bank Kompanion has provided reliable access to domestic and international transfers, even in the country’s most remote areas. We believe that everyone deserves equal opportunities to send money quickly, safely, and transparently to their families.

2. Digital Innovation as a Driver of Sustainable Growth

Today, more and more remittances are processed digitally — through QR codes, e-wallets, and mobile applications. We continue to improve our digital tools, including the Kompanion and Kompanion Business apps, so that sending and receiving funds is seamless and available anytime, anywhere in Kyrgyzstan — from the capital to remote mountain villages.

Our goal is not just to digitize services but to create an inclusive and user-friendly ecosystem where technology works for everyone.

3. Promoting Financial Literacy and Inclusion

We want remittance recipients to do more than withdraw cash — we want them to manage their money wisely: to save, invest, and use financial tools to support their families’ well-being. Through awareness campaigns, consultations, and digital solutions, we help people feel more confident in handling their finances.

Bank Kompanion regularly conducts agri-trainings and offers financial and digital literacy programs in rural regions, linking these efforts to sustainable farming and family-owned enterprises.

These educational sessions have become a trusted and recognizable part of our work. We speak the language of our clients and offer solutions that make a real difference in their everyday lives.

4. Partnership as the Foundation for Lasting Change

The future of remittances depends on cooperation — among banks, service providers, governments, and international organizations.

Bank Kompanion is open to collaboration and actively engages with global fintech initiatives and development partners to introduce advanced solutions and improve the client experience.

Our long-term goal is to ensure that remittances and other financial services remain accessible, transparent, and secure — especially for those who care for their families from afar.

Bank Kompanion expresses deep gratitude to migrants not only for supporting their families, but also for contributing to the country’s economic growth.

On this day, we reaffirm our commitment to building a fair, inclusive, and human-centered remittance system in Kyrgyzstan.

Margarita Cherikbaeva, Chairperson of the Management Board, CJSC Bank Kompanion

​

Background: The International Day of Family Remittances (IDFR) was established by the International Fund for Agricultural Development (IFAD), a specialized UN agency. Celebrated annually on June 16, the day recognizes the crucial role of migrants in supporting their families, communities, and countries of origin.