The NBKR: an auction for the purpose of refinancing banks participating in the project “Financing of Agriculture – 8” will be held on April 16

The National Bank of the Kyrgyz Republic reports that credit auction for the purpose of refinancing bank participating in project “Financing of agriculture – 8” will be held on April 16, 2020.

Credit auction specifications:

 

Auction code АК 20 11
Loan term (month) 6 months
Amount of credit resources (million KGS) 2 000
Auction method** Co-financing Fixed Rate Auction
Co-financing ration / co-financing volume 1:1 (the volume of lending at the expense of the commercial bank’s own funds should be equal to the amount of funds received in the framework of this credit auction)
Special purpose Crediting in the directions provided by the project “Agriculture Financing – 8”
Interest rate (%) The discount rate of the National Bank, valid at the time of the auction
Minimum application volume (million KGS) 20
Maximum application volume (million KGS) 450
The maximum nominal rate for the final borrowers of commercial banks, including loans provided at the expense of own funds of commercial banks Up to 10%, depending on the directions within the framework of the Agriculture Financing – 8”
Interest Payment Dates First day of every month
Loan collateral Government SS in national currency (coverage ratio – 105%)
Notes of the National Bank (coverage ratio – 105%)
Deposits in foreign currency placed with the National Bank (coverage ratio – 105%)
Loan portfolio of a bank (coverage ratio – 200%)
Maximum loan collateral in the form of rights of claim or loan portfolio Not more than 70% of the total collateral

 

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