About the Exchange
The Stock Exchange of Kyrgyzstan – BTS is an organized investment market for government, municipal and corporate securities, derivative financial instruments and commodities. The exchange was established in 1999 and has consistently maintained a leading position in the stock market of the Kyrgyz Republic.
Our mission is to develop the stock market of Kyrgyzstan by creating favorable conditions for trading in financial instruments, as well to mobilize domestic investment potential for financing local and international projects through the stock market.
The Exchange serves as the interaction venue between investors and exchange brokers. We encourage domestic and foreign businesses to use the Exchange as a platform to raise financial resources for the development and expansion of their business.
Our history
1999
A group of broker-dealers established CJSC Exchange Trading System. It became the second stock exchange in Kyrgyzstan after the dissolution of the USSR and was created without foreign involvement, relying solely on the efforts of local stock market operators.
2001
Trading volume amounts to 4.55 million soms, 286 transactions with corporate securities are registered.
2002
On the exchange, the volume of transactions amounts to 8.55 million soms, the number of registered transactions is 1122.
2003
3,648 transactions with corporate shares and bonds are registered for a total of 444.29 million soms.
2004
3,474 transactions with corporate securities are registered with a total volume of 275.316 million soms.
2005
The trading volume amounts to 110.38 million soms, the number of registered transactions is 2,284.
2006
The volume of transactions amounts to 91.983 million soms, 2,581 transactions with securities are registered.
2007
2,837 transactions are registered with a total volume of 166.67 million soms.
2008
The volume of transactions amounts to 589.645 million soms, 5,014 transactions were registered.
2009
The trading volume amounts to 483.149 million soms, 4,131 transactions with corporate securities are registered.
Since 2009, FBK-BTS CJSC has been listing securities of public joint stock companies in Kyrgyzstan. 8 companies of the Kyrgyz Republic passed the listing procedure on the stock exchange.
2010
In 2010, 810 transactions are registered with a total volume of 572.48 million soms. Since 2010, FBK-BTS CJSC has also been disclosing information of open joint-stock companies, in particular, financial statements and material facts. To date, public companies disclose their financial statements on the website of the exchange (www.bts.kg).
2011
CJSC “Stock Exchange of Kyrgyzstan-BTS” and CJSC “Kyrgyz Stock Exchange” concluded on March 05, 2011 an Agreement on the consolidation of trading in securities on a single stock exchange. In this regard, trades in securities were held on the trading floor of the single exchange.
2011-2022
From 2011 to 2022, due to the suspension of trading in securities, FBK-BTS CJSC carried out only depository activities.
2017-2021
The services of the depository of CJSC FBK-BTS are used by both legal entities and individuals. From 2017 to 2021, 19 custody service agreements are concluded. Of these, 12 legal entities and 7 individuals became depositors.
2017-2020
From September 2017 to December 2020, interdepository relations are maintained with the Russian Investment Company Zerich Capital Management. Zerich Capital Management kept securities in the depository in the amount of 440.511 million soms.
2019
In December 2019, FBK-BTS CJSC takes part in the tender for the selection of a depository to conclude an agreement for the provision of depository services with OJSC NPF Dordoi Garant.
2021
At the end of 2021, 29,389,945 securities of domestic companies for a total amount of 254.412 million soms are kept in the depository of FBK-BTS CJSC.
Also, inter-depository relations are carried out with CJSC Central Depository. In 2021, 208 securities transactions are carried out on interdepository transfers of securities.
2022
Since July 2022, trading in securities on our exchange has resumed.
In August 2022, we enter into an inter-depository agreement with the depository OJSC Envoice Vision Digital Exchange to service securities, facilitating exchange transactions and securities custody.
At the end of 2022, 52 transactions are registered on the exchange, the volume of trading in securities amounts to 3 billion 71 million 996 thousand soms with the number of securities – 28,192,013 pieces. 27,629,332 securities of domestic companies for the total amount of 147,196,322.87 soms are kept in the depository of FBK-BTS CJSC. Also in 2022, registrars execute 279 securities deposits and 149 write-offs from the depository to the registry.
2023
Trading results on the FBK-BTS CJSC trading platform for the first nine months of 2023.
During the first nine months of 2023, 217 transactions with a total volume of 21,081,950,000 soms and 2,663,054,964 securities were registered on the FBK-BTS CJSC trading platform.
From January 1, 2023, to December 31, 2023, 317 transactions with a total volume of 21,326,565,649.37 soms and 2,663,843,684 securities were registered on the FBK-BTS CJSC trading platform.
On the primary market, 15 transactions were registered involving 2,657,614,981 securities with a total volume of 20,978,751,928.63 soms.
On the secondary market, 302 transactions were registered involving 6,228,703 securities with a total volume of 347,813,720.7 soms.
2024
Trading results on the FBK-BTS trading platform for 2024.
From January 1, 2024, to December 31, 2024, 274 transactions with a total volume of 4,252,539,441.47 soms with a total number of securities of 1,450,497,547 were registered on the FBK-BTS trading platform.
The primary market recorded 144 transactions with a total trading volume of 4.242 billion soms.
The secondary market recorded 130 transactions with a total trading volume of 10.168 million soms.
The secondary market’s share of the primary market in 2024, by number of transactions, was 47.45%, and by trading volume, 0.24%.
Over the past year, 2024, transactions involving shares of 33 issuers were conducted on FBK-BTS CJSC. Of these, 71.56% of the total transaction volume were in financial services companies, 25.53% in industrial companies, 1.1% in services, and the remaining 1.81% in other industries.
2025
Trading results on the FBK-BTS CJSC trading platform for 2025.
From January 1, 2025, to December 31, 2025, 383 transactions with a total volume of 2 billion 566 million soms involving 395,439,032 securities were registered on the FBK-BTS trading platform.
The primary market recorded 101 transactions with a total trading volume of 2 billion 65 million soms. The secondary market recorded 282 transactions with a total trading volume of 500.84 million soms.
The primary market’s share by trading volume was 80.49%, while the secondary market’s share was 19.51%.
Over the past year, 2025, transactions involving shares of 34 issuers were conducted on FBK-BTS.
The largest concentration of transactions occurred in the financial sector, including commercial banks, microfinance institutions, investment funds, and companies working with digital and virtual assets.
A significant share of trades also occurred in the construction, industrial, and infrastructure sectors, including companies involved in road construction, building materials production, and energy projects, indicating expectations for further economic and infrastructure development.
Transportation and logistics, trading, food, and technology companies were also represented in the trades, demonstrating the diversified structure of the market and investors’ desire to combine stable assets with long-term growth potential.
Our values
People as the Foundation of All Values
Empowering people to create competitive advantages and generate value for their company represents the ultimate level of trust, grounded in confidence in their professionalism and dedication to their companies.
Innovation and Growth
We encourage bold decision-making and innovative proposals as opportunities for growth and self-improvement. Our pursuit of collective and professional growth is the driving force behind our efforts.
Business Reputation
Our business reputation and the trust we earn from customers, partners, and society are our highest priorities. We value our reputation, prioritizing openness, honesty, and reliability above all.
Pursuit of Success
Leadership and success define our ethos and aspirations. We are a team imbued with the spirit of leadership and a relentless drive towards professional success.
Responsibility
We uphold accountability towards our colleagues, partners, and society. Responsibility is the daily standard for our work.
Exchange Benefits
1. Remote service
CJSC “FBK-BTS” utilizes an electronic trading platform, aiming to facilitate all exchange transactions remotely through the internet. The exchange is committed to incorporating cutting-edge digital technologies in the buying/selling process of securities, while ensuring transaction security and client confidentiality, except when disclosure of this data is required by the legislation of the Kyrgyz Republic.
2. Timely execution
Timely transaction execution is a primary focus of our operations. We are committed to reducing transaction times by leveraging advanced software solutions. Our bidding processes are automated to minimize human intervention. To this end, FBK-BTS CJSC has developed a mobile brokerage app, enabling professional participants to trade online from any location using mobile devices.
3. Cost reduction
CJSC “FBK-BTS” also aims to cut down on transaction costs and decrease broker commissions by integrating exchange and depository services. The exchange holds both the trade organizer and depository licenses.
4. Focus on compliance
CJSC “FBK-BTS” operates in accordance with the regulatory legal acts of the Kyrgyz Republic. Our administration promptly addresses legislative changes by timely updating internal regulations in line with brokers’ and investors’ suggestions.
5. Access to reports for bidders
We are promoting transparency and openness. We require representatives of companies wishing to list their shares on our exchange to practice utmost transparency and openness, and to make their financial statements accessible to the public.