Prime Minister Muhammedkaliy Abylgaziev held a meeting on the activities of financial and loan organizations

The Prime Minister of the Kyrgyz Republic, Muhammedkaliy Abylgaziev, held a meeting on the activities of financial and loan organizations with a state participation.

During the meeting, information was received on the work of the open joint-stock companies Aiyl Bank, RSK Bank, Guarantee Fund, and the Russian-Kyrgyz Development Fund as part of the Year of Regional Development and Digitalization.

The Head of the Government noted that over the 5 months of this year, the GDP growth amounted to 5.6%.

“For the 5 months of 2019, commercial banks in the republic issued loans in the amount of 136.4 billion KGS, of which 86.6 billion KGS were issued in national currency. Credits were issued in the following areas: trade – 36 billion KGS, agriculture – 27.4 billion KGS, consumer loans – 14.6 billion KGS, mortgage – 13 billion KGS, construction – 12.3 billion KGS, industry – 11.2 billion KGS. As you know, for us, the priority in our work is the development of regions and digitalization. In this aspect, the role of financial institutions in supporting entrepreneurs by providing affordable credit is important. This will allow developing enterprises and creating new jobs, thereby improving the socio-economic situation of the regions. In addition, it is important to develop banking infrastructure in the regions, increase the accessibility of the population to banking services, especially in remote areas of the country,” said the Prime Minister.

Muhammedkaliy Abylgaziev stressed the importance of simplifying the procedures for consideration by the Russian-Kyrgyz Development Fund for the development of business projects. In addition, the importance of considering lending to facilities in the field of tourism and supporting women’s entrepreneurship was noted.

During the meeting, financial and loan organizations, including Aiyl Bank, were instructed to strengthen work in the regions in terms of lending to agriculture and the processing industry.

The State Property Management Fund under the Government of the Kyrgyz Republic has been instructed to expedite the resolution of issues related to the capitalization of the joint-stock companies RSK Bank and Guarantee Fund.

 Department of Information Support

of the Government Office

of the Kyrgyz Republic