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  • Total amount of financing under preferential loans program amounted to 4.2 billion KGS, – Deputy Prime Minister E. Asrandiev

    The program of concessional financing of business is already working. Deputy Prime Minister of the Kyrgyz Republic Erkin Asrandiev said this on July 22 at a briefing in the government.

    He recalled that the program was approved and published on June 10, 2020.

    “About 12-13 banks are currently participating in this program. To date, the total amount of financing under the program amounted to 4.2 billion KGS. Including 1.9 billion KGS were provided at the expense of the National Bank. At the expense of the budget and external sources, 2.3 billion KGS were provided,” – he said.

    According to him, this week the banks were provided with the next tranche in the amount of 1.4 billion KGS.

     

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    Half of the entire loan portfolio of the Kyrgyz Republic was restructured, – Deputy Prime Minister E. Asrandiev

    To date, 154 thousand borrowers have received a loan deferral for 176 billion KGS. Deputy Prime Minister of the Kyrgyz Republic Erkin Asrandiev said this at a briefing in the government on July 22.

    Thus, half of the entire loan portfolio of Kyrgyzstan was restructured.

    He reminded that on the recommendation of the National Bank, in spring banks began to provide deferrals for 3 months without charging fines. Recently, the regulator offered banks to re-grant deferrals for another 3 months without worsening the credit histories of borrowers.

    If there are any complaints, then borrowers can contact the public reception at the National Bank. The NBKR is ready to work on each appeal, he concluded.

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