On March 13, 2020, Chairman of the Management Board of OJSC “Guarantee Fund”, Malik Abakirov, and Chairman of the Management Board of Kyrgyz-Swiss Bank, Kristina Chervonova, signed a cooperation agreement.

In his welcoming address, Malik Abakirov expressed gratitude to the management of Kyrgyz-Swiss Bank for their interest in cooperating with OJSC “Guarantee Fund” and participating in the financing of SMEs under guarantees. Guarantees provide real support to SMEs. As of March 13, 2020, OJSC “Guarantee Fund” issued 2068 guarantees in the amount of over 1.818 billion KGS, while entrepreneurs received loans from banking institutions in the amount of over 6.524 billion KGS.

With cooperation agreement with Kyrgyz-Swiss Bank, the number of partner banks of OJSC “Guarantee Fund” has increased to 13: Aiyl Bank, RSK Bank, CB Kyrgyzstan, Bank of Asia, FINCA Bank, Kompanion Bank, Demirbank, Halyk Bank Kyrgyzstan, Bakai Bank, Optima Bank, KICB. Russian-Kyrgyz Development Fund should be added to above-mentioned banks.

The Chairman of the Management Board of Kyrgyz-Swiss Bank, Kristina Chervonova, said that the bank is glad to cooperate with OJSC “Guarantee Fund”, and is ready to provide the SME sector with credit resources under the guarantees of OJSC “Guarantee Fund”.

Our Reference: CJSC “Kyrgyz-Swiss Bank” is the first and only bank in the country with Swiss capital and provides corporate and investment banking products and services for corporate, institutional and private clients in the Kyrgyz Republic. The bank also offers financial, consulting, and capital market services.