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  • Eid Mubarak!

    Dear citizens of the Kyrgyz Republic!

    OJSC “Guarantee Fund” congratulates you with Kurman Ait !

    We wish everyone on this bright holiday health, happiness, kindness, peace, harmony and prosperity!

    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.

     

    www.tazabek.kg

    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.

    www.tazabek.kg

    A grace period of up to six months for budget loans

    In order to reduce the negative impact on economic and social stability due to the current situation, the government of the Kyrgyz Republic adopted an order, which provides for revising the conditions for repayment of loans. This was reported on the website of the Ministry of Finance of the Kyrgyz Republic.

    Thus, the State Mortgage Company, commercial banks and non-bank financial and credit organizations registered in Kyrgyzstan were recommended to revise the conditions for repayment of loans issued under the implementation of state programs, in particular:

    • revise the terms of payments on loans, granting a grace period for payments for a period of at least three months;
    • not to levy or charge commissions and other payments related to the revision of the terms of loan agreements;
    • not to impose or levy penalties, including forfeit (fines/penalties), from borrowers for failure to fulfill / improper fulfillment of obligations under the loan agreements.

    In addition, the Ministry of Finance, in agreement with the Jogorku Kenesh, was recommended to revise the following conditions for the return of budget loans:

    • borrowers who have completely suspended their financial and economic activities due to the emergency or emergency regime, on the basis of the submitted supporting documents, to capitalize payments due for the period of the emergency or emergency regime, with a corresponding prolongation of the terms of these payments at the end of the debt repayment period without accruing interest;
    • borrowers whose financial and economic activities have not been suspended, but the emergency or emergency regime indirectly affected their financial and economic activities (changes in financial flows, decreased sales of products, insufficient receipt of payments from subscribers and sub-borrowers), on the basis of supporting documents, provide a deferral for payments for up to six months. At the same time, determine that deferred payments are repaid within 12 months from the date of expiration of the deferred payment;
    • financial sanctions (forfeit) for the period of the emergency are not charged.

     

    www.akchabar.kg

    In May, equity of commercial banks amounted to 44.7 billion KGS, – the NBKR

    In May, equity of commercial banks amounted to 44.7 billion KGS. This information is provided in the consolidated regulatory report of commercial banks of the National Bank.

    In April, equity amounted to 44 billion 715.2 million KGS.

    Consolidated regulatory report of commercial banks of the Kyrgyz Republic, million KGS 2020
    01* 02* 03* 04* 05
    EQUITY
    Share capital 28 349,3 28 349,4 28 748,6 30 215,1 30 122,1
    Reserves for future needs of bank 846,0 846,0 947,8 930,7 882,6
    Retained earnings of previous years 12 234,7 12 227,5 12 345,0 11 922,6 11 719,1
    Profit/loss of current year 231,3 553,0 850,9 1 085,3 1 404,8
    Revaluation accounts 584,3 577,7 568,5 561,5 554,3
    TOTAL: CAPITAL 42 245,7 42 553,7 43 460,8 44 715,2 44 682,9
    TOTAL: LIABILITIES AND EQUITY 250 719,2 250 660,2 263 047,0 261 647,5 255 867,1