AUTHORIZED CAPITAL OF OJSC “GF” REACHED KGS 1,132 BILLION AND OUTPACED MANY BANKS

With the NBKR becoming one of the shareholders of OJSC “Guarantee Fund”, the authorized capital of the Fund amounted to KGS 1.132 billion.

As we already reported, on July 19, the NBKR bought back an additional issue of shares of OJSC “GF” in the amount of KGS 550 million and became a shareholder with a share of about 49 percent.

Reminding that OJSC “GF” was created in 2016 with an authorized capital of KGS 282 million. In 2018, the Government of the Kyrgyz Republic increased its capitalization to KGS 582 million. In 2019, the authorized capital amounted to KGS 1.132 billion.

If we compare the authorized capital of the Guarantee Fund with the indicators of banks, the Fund takes 8th place, and in terms of equity, it occupies the 12th place among commercial banks in Kyrgyzstan (as of July 1, 2019).