The Aga Khan Fund for Economic Development (AKFED) has acquired the shares of three shareholders in the Kyrgyz Investment and Credit Bank (KICB), as reported by the Kyrgyz Stock Exchange. The financial institution purchased 2 percent of the shares from each of the following entities: the International Finance Corporation (IFC), the German Investment and Development Corporation (DEG), and the European Bank for Reconstruction and Development (EBRD). Following this transaction, IFC, DEG, and EBRD no longer hold shares in KICB. Consequently, AKFED now owns 72 percent of the shares, while HBL holds 18 percent, and the State Agency for State Property Management owns 10 percent.