Board of Directors

Taalaibek Djoumataev

Member of the Board of Directors of CJSC Bank "Arvand"

Taalaibek Djoumataev began his work in 1993, first as an Economist and then as Chief Economist of Foreign Exchange Department of National Bank of Kyrgyzstan. In November 1997 he worked as Credit Department Manager in KAFC (Kyrgyz Agricultural Financial Corporation). From 1999 up to 2005 he was a member of the Governing Board of National Bank of Kyrgyzstan. From 2005 up to May 2015 he was Chairman of the Executive Board of JSC "Bank of Asia." Starting from May 2015 he became Director General of LLC MCC “Frontiers”.

He has Diploma with honors from Kyrgyz State National University with Specialization in Industrial Economics.
He received certificates for successful participation in short-term trainings and seminars in banks and universities of Europe (Joint Vienna Institute) and the US (Yale University) in different areas: market economics and financial analysis, risk management, HR management, strategic planning and management, corporate governance and others.

Altynay Valikhanova Edigeevna

Member of the Board of Directors, CJSC Bank "Arvand"

Ms. Altynay Valikhanova graduated with honors from the University of London, London School of Economics, 1999-2000. From 2006 to 2016, she is a senior regional coordinator of the financial sector in the Development Bank of KFW.

From 2016 to the present day, she works as a Senior Investment Expert on the ECCA team in management on investments of Triodos in the Netherlands.

Altynay was a Fellow of AFS school on exchange in the United States in American Collegiate Exchange Consortium.

The main skills Altynay - project management, communication with many different shareholders, deep presentation skills, donor coordination and policy dialogue, strong analytical skills, comprehensive testing skills, international experience, deep knowledge of financial markets and familiarity with international capital markets, experience with state bodies and governments in different countries of Central Asia. She knows Kazakh, Russian, English and German languages.

Nurgul Torobaeva

Member of the Board of Directors, CJSC Bank "Arvand"

She graduated from the International University of Kyrgyzstan, the Higher School of Economics and Business. She holds Master degree in Economics. She has more than 15 years of experience in microfinance. Nurgul Torobaeva started her career as Specialist of the Reorganization of the Financial System Department within the program of the World Bank FinSAC of National Bank of Kyrgyzstan, and later worked in the Financial Company for Support and Development of Credit Unions as Chief Specialist on Methodology and Supervision, as well as Head of Auditing and Monitoring Department.

She has three years of experience in the project "Development of rural financial institutions" of the German Society for International Cooperation. Among her achievements is adaptation of software "Mikrobankir" developed by FAO in collaboration with GTZ for microfinance institutions based on the requirements of credit unions and the introduction of this software in 10 pilot credit unions. She has been working in "Bai Tushum and Partners" since 2005 as Finance Manager. Her main achievement is the development of the risk management system, strengthening financial management system based on the system of market risk assessment.

Since April, 2010 she has been Deputy General Manager and she is in charge of areas such as treasury, operational management, information technology, management methodologies, security service of the bank. Nurgul Torobaeva has numerous certificates of Bank Training Center (Kyrgyzstan), Microfinance Centre (Poland), International Finance Corporation and others. In 2010 she graduated from the qualification upgrading courses at the Banking School of Association of Banks of the United States. In 2012, she successfully passed the exam and received a certificate of GARP (Global Association of Risk Practitioners).

Namken Nadejda

Member of the Board of Directors, CJSC Bank "Arvand"

Ms. Nadia Namken is a financial services development expert with 18 years of experience managing a wide range of projects in the Middle East, Eastern Europe, the former Soviet Union, and Southeast Asia. She has provided technical assistance to ACDI/VOCA-affiliated financial institutions in the areas of strategic planning, governance, internal controls, internal audit, financial analysis, financial modeling, budgeting, accounting, development of staff compensation schemes, market research, and product development. She serves on the board of directors for four ACDI/VOCA-affiliated financial institutions.

In 2008–2009, Ms. Namken provided technical support to ACDI/VOCA’s Iraqi MFI affiliate, which was recognized as the Microfinance Institution of the Year in Iraq (2009) and received financial and social transparency awards from Sanabel Microfinance Network of Arab Countries. Ms. Namken was also recognized for her contribution to improving the NGO Law in Iraq to improve the country’s microfinance enabling environment. Ms. Namken has conducted numerous assessments of microfinance institutions and facilitated a number of strategic planning sessions worldwide. She holds an M.B.A. in finance, speaks native Russian, and is fluent in English.

Jan Dewijngaert

Member of the Board of Directors, CJSC Bank "Arvand"

 Jan Dewijngaert joined Gimv in 1989 and soon became responsible to monitor and expand Gimv’s international network, primarily in Europe and the USA. He executed several investments in new funds in the USA. In 1992, he set up a first CEE fund for Gimv: Fund New Europe, which invested into Central and Eastern European projects.

 As of 1994, he also covered Asia for Gimv and made several investments (o.a. in China and Vietnam) . In 2002, Gimv decided to reduce its activities in Asia and thereafter Jan Dewijngaert focused primarily on Central and Eastern Europe.

 After a 2 year in-house training program offered by the Bank, Jan Dewijngaert worked as an international loan officer in the Brussels head office and thereafter in the branches in Bremen (Germany) and New York. He was a partner at Gimv (2012-2015) and Managing Director at Eagle Venture Partners (2001-2015).

Gimv ( is a leading European investment firm established in 1980 and has approximately € 1.8 bn assets under management. Gimv is listed on NYSE Euronext Brussels. Jan Dewijngaert was responsible for all Gimv activities in Central & Eastern Europe since 1992. He set up and managed seven funds that focused on investments in the Czech Republic, Slovakia, Russia and Kazakhstan. Five of these funds were sponsored primarily by the European Bank for Reconstruction and Development (EBRD). He also was the founder and Managing Director of Eagle (, a manager of Russian and Kazakh private equity funds. He executed about 70 investments across a wide variety of sectors and exited most of them. In many of those companies, he was serving on the Board of Directors.

He was a member of the Investment Committee of ten private equity funds. He also was a regular speaker on international conferences on private equity in CEE.

Since 2015 is Director Private Equity at Incofin IM

Incofin IM ( is a manager of micfrofinance investment funds. Currently, Incofin manages over $850m, spread over 11 funds. He is a member of the Board of Directors of two financial institutions based in Georgia and Armenia.

He is married and has 2 children (18 and 13 years). He is interested in sports (tennis, football, cycling). He was born in June 4, 1959 in Leuven, Belgium. Fluently speaks in English, French and Dutch (mother tongue) and medium in German and Russian.

Kucheryavaya Galina Aleksandrovna

Member of the Board of Directors, CJSC Bank "Arvand"

In 2003 graduated from the Faculty of Economics, the Institute for Advanced Studies and Professional Skills of the Kyrgyz National University in Bishkek, Kyrgyzstan. She has a master's degree in economics, and also graduated from the law faculty of the Kyrgyz National University, became a master of law in 1996.

From 12/01/2015 to the present - Galina Koucheryavaya is the director for regulatory and legal issues and work with state. bodies, LLC Skype Mobile (Beeline trademark) and is also a member of the Management Board of the Association of Telecommunications Operators.

September 29, 2008 - November 27, 2015 she held the position of Deputy General Manager (Chairperson of the Management Board), also served as Director of Legal Affairs / Member of the Management Board, Demir Kyrgyz International Bank. From 12/03/2001 to 12/31/2007 - she was a legal adviser, head of the legal department of Demir Kyrgyz International Bank. In the course of work in Demir Kyrgyz International Bank cooperated with shareholders, coordinated the preparation of documents necessary for the general meeting of shareholders and the implementation of required events for its organization. Collaborated with the NBKR, other government agencies and counterparties;  

She has an experience in teaching the Law at the Faculty of Law of Chuiskiy University and Banking at the Faculty of Economics of Kyrgyz National University.

Kucheryavaya Galina has certificates of successful training at short-term trainings and workshops organized by international organizations, such as ASSIST CONSULTING (Turkey), BSM “Training & consultancy”, the Ministry of Finance (USA) in various areas as: introduction to management, customer service, risk management in retail business, financial leasing, taxation of commercial banks and others.


Raimondas Rapkyavichyus

Chairperson of the Board of Directors,CJSC Bank "Arvand"

Specialist in banking and corporate management. He has 25 years of experience in various spheres of banking, brand promotion, sales, restructuring of the business directions, coaching of people, financial management of start-ups of the companies.

Since 2016 - is a member of the Supervisory Board of the state energy holding EPSO-G (electric power industry and gas networks, 2 energy exchanges and energy construction) and a member of the audit committee (chairperson). Analyzed a review of the effectiveness and risk management of five companies in the group, including 2 listed - AmberGrid and Litgrid. Also, from 2008–2013, he worked as a member of the General Financing Board of Societe Generale. He was the deputy general director and financial director of the company responsible for budgeting, treasury, general management and administration.

From 1982-1989 he graduated from Vilnius University in the direction of an economist-mathematician.

Born: November 5, 1964 in Lithuania. He is fluent in English, Russian, Polish, Italian and Lithuanian (native). He is fond of sports (skiing, cycling).


Microcredit Deposit-Taking Organization

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Republic of Tajikistan

+992 (92) 795-00-01