EVERYONE NEEDS GUARANTEES
- Posted by: test
- Category: Digest
Everybody needs guarantees. This is a must-have financial instrument to maintain small and medium enterprises. It is especially relevant for entrepreneurs from regions. The escalating indicators for issuing guarantees of OJSC “Guarantee Fund” indicate that more and more entrepreneurs are using them to acquire loans from partner banks.
Therefore, as of August 21, 2019, OJSC “Guarantee Fund” approved 948 guarantees for a total sum of 1.246 billion KGS. Partner banks provided 4.234 billion KGS in loans.
Since the inception of the year, 282 guarantees have been approved in the amount of 491.4 million KGS. Under the guarantees of OJSC “Guarantee Fund”, partner banks have provided 1.482 billion KGS in loans to entrepreneurs.