Bank News

SELF-BAN ON LOANS — YOUR STEP TOWARD FINANCIAL SECURITY    

Starting 1 November 2025, new provisions of the Law “On Amendments to Certain Legislative Acts on the Exchange of Credit Information and the Establishment of a Self-Ban on Concluding Credit Agreements” will come into force in the Kyrgyz Republic. This is a significant initiative aimed at enhancing financial security and protecting citizens from credit fraud.

What Is a Self-Ban

A self-ban is a personal protection tool that allows an individual to prevent loans from being issued in their name without consent. By activating it, a person sends a clear signal to all banks and microfinance institutions:

“I do not intend to take any loans, and any credit applications submitted on my behalf are fraudulent.”

When a self-ban is active, no financial institution can issue a loan, and any attempt to do so will be deemed invalid. Liability for such violations rests with the lender.

How to Activate the Self-Ban

The process will be remote, free of charge, and paperless — no branch visits required. Citizens will be able to activate or lift the self-ban via the government portal “Tunduk”, using their digital signature and verified identification profile. The service will become available once integration between banking systems and the “Tunduk” portal is complete.

How It Works

All banks and microfinance institutions will be obliged to verify the presence of a self-ban before issuing any loan. Status checks will be conducted through credit bureaus, even without the client’s explicit consent. If a self-ban is active, the bank must refuse to grant credit. Even the client’s written approval cannot override the self-ban — this is a core legal safeguard.

A Responsible Step Forward

Bank Kompanion supports the introduction of the self-ban as an important measure to strengthen client protection and trust in the financial system.
We continue to advocate for responsible borrowing, digital security, and a culture of financial literacy across Kyrgyzstan.​