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  • Seven Months have passed, the number of guarantees is more and more!

    Seven Months have passed, the number of guarantees is more and more!

    According to the results of first seven months of 2019 (as of July 31, 2019) OJSC “Guarantee Fund” issued 264 guarantees in the amount of 468.3 million KGS. The amount of loans issued by partner banks under guarantees amounted to 1.4 billion KGS.

    Almost all partner banks were involved in issuing loans under guarantees. With the exception of Optima Bank, which only recently concluded a Cooperation Agreement with OJSC “Guarantee Fund”

    Thus, “Ayil Bank” – 90 guarantees, “RSK Bank” – 53 guarantees, “Kyrgyzstan” – 31 guarantees, KICB – 22 guarantees, “Halyk Bank” – 17 guarantees, “Bakai Bank” – 15, “Bank of Asia” – 14, “FINCA Bank” – 11, “Companion” – 5, “Demir Bank” and “BTA Bank” – issued 3 guarantees.

     

    GUARANTEE INDICATORS FOR AUGUST 9

    GUARANTEE INDICATORS FOR AUGUST 9

    For the period of seven months of 2019, 604 new workplaces were created,

    2816 existing jobs were maintained

    As of August 9, 2019, OJSC “Guarantee Fund” approved 927 guarantees in the amount of 1.2 billion KGS. The amount approved by partner banks summed to 4.2 billion KGS.

    Since the beginning of 2019, 271 guarantees have been approved in the amount of 482.8 million KGS. The volume of loans approved by banks under the guarantees of OJSC “Guarantee Fund” accounted to 1.4 billion KGS.

    Statistics for seven months

    Of 264 guarantees, 101 were issued to agriculture (50 million KGS), 20 – to the agricultural product processing industry (101.3 million), 31 – to manufacturing (110 million KGS), 23 – to tourism, 21 – to transport activity, 11 – to the service sector, 4 – to construction, 53 – to trade.

    The average guarantee amount for the period amounted to 1.3 million KGS.

    The average guarantee period was 1.6 years.

    By terms, statistics of issued guarantees goes as follows:

    Up to one year – 31 guarantees in the amount of 25.5 million KGS,

    1-2 years – 141 in the amount of 209.8 million KGS,

    2-3 years -92 guarantees in the amount of 232.8 million KGS.

    The share of export-oriented enterprises supported by the guarantees of OJSC “Guarantee Fund” amounted to 18 percent.

    The share of female entrepreneurship was 28 percent.

    The share of guarantees in GDP was 0.17 percent.