Malik Abakirov, Chairman of the Board of OJSC “Guarantee Fund”, is in Istanbul at the invitation of the Asian Development Bank Institute (ADBI), where the international conference on Innovative Finance for Growth: The Role of Credit Guarantee Funds began on April 16. The conference will last until April 18.
On April 17, Malik Abakirov will make a presentation on the topic “Guarantee Funds establishment and development – experience of Kyrgyzstan”.
From the beginning of 2019 and as of April 16, 2019, 114 guarantees (as of April 3 – 95 guarantees) were approved in the amount of KGS 191.3 (155.7) million. The guaranteed loans amounted to KGS 571 million (471.6 million). The increase in loans over two weeks amounted to almost KGS 100 million. This is a great contribution of GF to the economy of the republic.
In total, on the current date, GF approved 770 (as of April 3 – 751) guarantees in the amount of KGS 946.3 (910.7) million. The guaranteed loans approved by partner banks amounted to KGS 3,323 (3,224) billion.
As of April 16, GF mastered 43 percent of the RKDF loan received in the autumn of 2018 to expand guarantee support to regional entrepreneurs in the amount of KGS 100 million.
In total, 24 guarantees were provided in the amount of KGS 43 million.