GUARANTEES OF OJSC “GUARANTEE FUND” ASSIST BUSINESSES, CREATE WORKPLACES, AND CONTRIBUTE TO THE DEVELOPMENT OF LOCAL ECONOMIES
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- Category: Digest
As confirmed by August indicators, Small and Medium enterprises in our country continue to actively use the credit resources of commercial banks for the implementation of projects and further business development.
As of August 16, 2019, OJSC “Guarantee Fund” approved 935 guarantees in the amount of 1.244 million KGS. The amount of loans approved by partner banks under the guarantees of OJSC “Guarantee Fund” amounted to 4.227 billion KGS.
Since the inception of this year, 279 guarantees have been approved in the amount of 488.9 million KGS. The volume of bank loans amounted to 1.475 million KGS.
It should be highlighted that priority is given to agricultural processing and industrial sectors, export-oriented enterprises in all regions of Kyrgyzstan.
Guarantees of OJSC “Guarantee Fund” assist businesses, create jobs and contribute to the development of local economies.