Exchange Rates:
USD 69,82
EUR 77,62
KZT 0,179
RUB 1,094
(0312) 66-49-60, (0312) 62-53-79 office@gf.kg
  • Кыргызча
  • Русский
  • English
  • The amount of guarantees has made 1.2 billion KGS on July 31.

    The amount of guarantees has made 1.2 billion KGS on July 31.

    The number and amount of guarantees of OJSC “Guarantee Fund” are growing, and the volume of bank loans granted under guarantees is increasing.

    The amount of guarantees approved by the OJSC Guarantee Fund as of July 31, 2019 amounted to 1.2 billion KGS. The volume of loans approved by Partner Banks amounted to 4.1 billion KGS.Since the beginning of this year, 262 guarantees have been approved in the amount of 457.8 million KGS. The volume of loans approved by partner banks amounted to 1.4 billion KGS.

    Shares of Banks and OJSC “Guarantee Fund” in sectors of the economy
    The issue of guarantees is accomplished in partnership with 12 commercial banks of the Kyrgyz Republic and Russian-Kyrgyz Development Fund (RKDF).The high position of OJSC “Guarantee Fund” in the shares of sectors of the economy in comparison with the banking system can be noted.For instance, industry: 8% (Banking System), and 20% (OJSC “Guarantee Fund”); agriculture – 20% and 18%, transport – 2% and 6%; trade – 26% and 21%, harvesting / processing of products – 1 and 15 %, construction – 9 and 3%, services – 3% and 7%; other industries – 9% and 10%, respectively.

    EMPLOYEES OF THE OJSC “GUARANTEE FUND” MET WITH ENTREPRENEURS AND BANK EMPLOYEES OF TALAS REGION

    In the course of the events held from July 22 to 26, employees of OJSC “Guarantee Fund” made presentations of the guarantee system and clarification of the mechanisms for providing guarantees.

    In the period from July 22 to 26, the head of the Regional Development Department of the OJSC “Guarantee Fund”, Kamchybek Aaliev, visited Talas region, where he held meetings with entrepreneurs, and seminars for employees of partner banks.

    Kamchybek  Aaliev, in particular, together with the regional representative Bolot Kozhekeev, visited the regional center, Bakai-Ata, Kara-Buurinsky and Manas districts. The meetings and seminars were attended by the heads of credit departments and loan specialists of Optima Bank, KICB, Demirbank, FINKA Bank, Ayil Bank, RSK Bank, Bakai Bank, Kyrgyzstan, Companion.

    Banking employees received clarifications on the new guarantee products by OJSC “Guarantee Fund”, also on determining the winners of the incentive share nominations among partner banks, the results of which will be summarized this fall.

    ***

    Additionally, a meeting with the head of the apparatus of the Plenipotentiary Representation of the Government of the Kyrgyz Republic in Talas region, Yrsakhun Kulushev, was held. The issues of guarantee support for local entrepreneurs, the implementation of the program “One district- One enterprise” (OROP) were discussed.

    ***

    Also, employees of OJSC “Guarantee Fund” met with the Executive Director of the JIA Association, Tilebaldy Uraiimzhanov, with the heads of dairy enterprises of Talas region –Bakyt Tuuganbaev (Talas Daamy LLC, butter, cheese production, Talas city). Myrzakan Davletaliev (Talas-Sut CJSC, butter, cheese, milk powder droduction, Talas city), Zhanar Dzholoyev (Emilia LLC, butter and cheese production, Kyzyl-Adyr village, Kara-Buura district), and LLC directors of “Ezhigey” (cheese production) and LLC “Urmaral” – Chynara and Gulnara Tynysova’s.

    All listed enterprises to one degree or another need financial support. Some of them is planning expansion, some is modernizing, while another needs working capital. All they are ready to meet with the management of OJSC “Guarantee Fund” in order to discuss in detail possible solutions to their problems.

    By the end of the trip, Kamchybek Aaliev gave an interview to Talas TV, where he talked about the activities of OJSC “Guarantee Fund” in supporting small and medium enterprises (you can watch the video in the “Video Publications” section of the website).

    OJSC “GUARANTEE FUND” ISSUES GUARANTIES AND CONDUCTS CONSULTATIONS

    OJSC “GUARANTEE FUND” ISSUES GUARANTIES AND CONDUCTS CONSULTATIONS

    As of July 29, 2019, OJSC “Guarantee Fund” have approved 916 guarantees for a total amount of 1.2 billion KGS. With the guarantees of OJSC “Guarantee Fund”, Partner Banks have approved loans in total of 4.1 billion KGS.

    Since the beginning of the year, as of July 29, 260 guarantees have been approved in the amount of 454.7 million KGS. The volume of the loans for entrepreneurs amounted to 1.4 billion KGS.

    To this date, OJSC “Guarantee Fund” has contributed 13 percent of the third loan of the Russian-Kyrgyz Development Fund (100 million KGS), four guarantees were issued in the amount of 13 million KGS.

    OJSC “Guarantee Fund” also provides advisory services, holds training seminars for regional entrepreneurs and bank employees on guarantee mechanisms, and assists in the development of business plans.

     

    MALIK ABAKIROV SUMMED UP THE RESULTS OF THE FIRST HALF OF THE 2019, AND TOLD ABOUT IMPORTANT EVENTS IN THE ACTIVITIES OF THE OJSC “GUARANTEE FUND”

    MALIK ABAKIROV SUMMED UP THE RESULTS OF THE FIRST HALF OF THE 2019, AND TOLD ABOUT IMPORTANT EVENTS IN THE ACTIVITIES OF THE OJSC “GUARANTEE FUND”

    Press Conference of OJSC “Guarantee Fund”.

    On July 29, 2019, the “Kabar” news agency held a press conference for the media of the Chairman of the Management Board of the OJSC Guarantee Fund, Malik Abakirov, dedicated to the results of activities for the first half of 2019, in supporting small and medium enterprises of the republic, and important events that occurred during this period. Media agencies such as “ELTR”, “Kabar”, “AKIpress”, “Birinchi Radio”, and online publications as “Aimak”, “Borbor.kg” and others participated in that conference.

    The Chairman of the Management Board of the OJSC Guarantee Fund, Malik Abakirov, summarized the results of activities for the first half of 2019, and discussed about important events, including the adoption of a new amendments of the law on guarantee funds, becoming of the National Bank of the Kyrgyz Republic one of the shareholders, enhancing the authorized capital up to 1.132 billion KGS, a program of participation in the management of enterprises and the development of mass entrepreneurship in Kyrgyzstan, high appreciation of Asian Development Bank and export of the Kyrgyz model of guarantee funds, participating in World Bank project, international conferences, opening of the branch of the Guarantee Fund in Naryn region, and other events.

    Results of the first half of the 2019

    The performance indicators of OJSC “Guarantee Fund” demonstrate the effective use of capital for guarantees, satisfactory quality of the guarantee portfolio, high dynamics of institutional growth and an increase in the volume of assistance to the development of small and medium enterprises. In the first half of the 2019, as of June 30, 225 guarantees were approved with the total amount of 385 million KGS. Partner Banks issued 1.153 billion KGS in loans to entrepreneurs.

    ***

    In total, during the period from 2016 to July 29, 2019, the Fund provided 916 guarantees in the amount of 1.2 billion KGS. Partner Banks with the guarantee of the Fund issued loans to entrepreneurs in the amount of 4.1 billion KGS.

     Workplaces.

     Due to the guarantees provided, 1601 new jobs were created and 7590 existing ones were supported.

    Women Entrepreneurship.

    Women entrepreneurs have received 248 guarantees in the amount of 285 million KGS. The share of female entrepreneurship in the total volume of guarantees was 28 percent.

    Export.

    57 guarantees were issued in the amount of 202 million KGS for export-oriented projects.

    At the end of the press conference, Chairman of the Board Malik Abakirov answered questions from journalists.

     

    “KOLMO” COMMUNITY AND SOUTHERN MICRO-DISTRICTS WILL BE CONNECTED BY THE NEW BUS ROUTE NO. 5

    “KOLMO” COMMUNITY AND SOUTHERN MICRO-DISTRICTS WILL BE CONNECTED BY THE NEW BUS ROUTE NO. 5

    Practical results of cooperation between the Guarantee Fund and entrepreneurs

    On July 25, a presentation of the new bus route No. 5 was held, which will connect the Kolmo with the Orto-Say Market and the southern microdistricts. Shydyr Zhol LLC launched 12 comfortable and environmentally friendly Chinese-made buses operating on gas. The event was attended by the Chairman of the Board of GF Malik Abakirov, the leaders of Shydyr Zhol LLC Toktobyubyu Ouerhalik and Nurgazy Baltabaev, representatives of the Bishkek City Hall, municipal territorial administration 14 and 15, residents of the Kolmo and the media.

    As Malik Abakirov, Chairman of the Board of the GF, emphasized in his speech, the Fund participated in the financial management of the enterprise, developed a business plan for it, therefore it is nice to see the practical results of cooperation. Malik Abakirov and Toktobyubyu Ouerhalik cut the red ribbon and launched a new route!

    In the future, as the director of Shydyr Zhol LLC Nurgazy Baltabaev stated, with the support of the Guarantee Fund, it is planned to assemble buses at its own production base, which will contribute to improving urban transport.