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  • GUARANTEES OF OJSC “GUARANTEE FUND” AND LOANS OF PARTNER BANKS ARE DIRECTED TOWARD REGIONAL DEVELOPMENT

    As of October 29, 2019, OJSC “Guarantee Fund” approved 1131 guarantees in amount of 1.393 billion KGS. The amount of loans approved by partner banks under the guarantees of OJSC “Guarantee Fund” totaled to 4.801 billion KGS.

    Since the inception of the year, 475 guarantees have been approved in amount of 638.7 million KGS. The volume of loans approved by partner banks totaled to 2.048 billion KGS.

    As of October 29, 38 percent of the loan amount issued by RKDF (100 million KGS) was disbursed. OJSC “Guarantee Fund” approved 12 guarantees in amount of 38.3 million KGS.

    The issuance of guarantees is carried out in partnership with 12 commercial banks of the republic, with a total of more than 250 branches, and RKDF.

    According to data as of September 30, 2019, the share of loans issued by partner banks from the start of operations amounted to 1.17% of GDP. At the same time, the average weighed rate on loans amounted to 11.72%.

    In total, 142 branches of partner banks out of 233 available were involved in providing loans under guarantees, including:

    “Ayil Bank” – 31 out of 33 branches;

    “Bank of Asia” – 9 out of 9;

    “Demir Bank” – 5 out of 14;

    “KICB” – 11 out of 17;

    “Kompanion” – 9 out of 18;

    CB “Kyrgyzstan” – 20 out of 32;

    “RSK Bank” – 28 out of 52;

    “FINCA” – 9 out of 24;

    “Halyk Bank” – 9 out of 10;

    “BTA Bank” – 4 out of15.