Deposit auction!

Deposit auction!

OJSC “Guarantee Fund” informs that on September 17, 2020, a deposit auction will be held as part of the implementation of the program “Increasing access for SMEs to financing in order to mitigate the consequences of coronavirus infection COVID-19”, with the following parameters:

Auction method: Multiple bid method.

Auction date: September 17, 2020.

Auction code: AD 2001.

The volume of deposit resources: 1,000,000,000 (One billion) KGS.

The maximum nominal loan interest rate for the ultimate beneficiary: 10% (Ten) percent per annum.

Minimum volume of one application: 20,000,000 (twenty million) KGS.

Maximum volume of one application: 300,000,000 (Three hundred million) KGS.

The limit for placing funds in one commercial bank, taking into account previously opened deposits: 640,000,000 (Six hundred and forty million) KGS.

Additional information on holding a deposit auction is published on the official website of the Guarantee Fund  (Loan Organizations/Deposit Auction).