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.