• Президент Алмазбек Атамбаев подписал закон о повышении гарантированной компенсации по депозитам до 200 тыс. сомов.

Bai-Tushum Bank gives out prizes to the winners of the exclusive deposit campaign

bank-enThe names of the first winners were released and on May 25, 2016 the Bank gave out plasma TVs and smartphones. 7 people received the presents, while 10 participants chose to refuse interim prizes to continue contending for the main prize– apartment.
“Several months ago I made a deposit with Bai-Tushum Bank in Bishkek. I did it without any specific hope as to win something, the only aim was to save money. I was pleasantly surprised when the Bank’s staff called and informed me that I won a plasma TV. It turns out that I save money and win a present my family needs. I am grateful to Bai-Tushum Bank for its finding an opportunity to make their clients happy in such challenging times”, – appreciates Kasym Bazaraliev.

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FINCA and First Access Announce World’s Largest Microfinance Fintech Collaboration

скачанные файлыGlobal microfinance leader FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world.  The partnership will vastly improve FINCA’s outreach to excluded populations.

First Access will analyze existing client data from FINCA’s operations, as well as subscriber data from local mobile network operators (MNOs), to establish credit scores for low-income clients who lack sufficient formal credit history to secure small loans to build businesses or support emerging personal needs.

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20th anniversary of FINCA Kyrgyzstan

This year FINCA Kyrgyzstan celebrates its 20th anniversary. For less than a quarter of a century, the microfinancial organization managed to grow into one of large commercial banks with the developed network of branches providing a wide range of financial services. Today FINCA Bank has 72 service outlets in all the regions of Kyrgyzstan. By this moment, more than 115 thousand clients have chosen FINCA Bank as their financial partner.

On the occasion of the 20th anniversary of FINCA Kyrgyzstan, the top management of FINCA has arrived. The visitors included: the President of FINCA International and Co-CEO of the FINCA Microfinance Holding Company Rupert Scofield, the Co-CEO of the FINCA Microfinance Holding Company Andrée Simon and Regional Director for Eurasia Jeff Flowers.

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NBKR took a decision to decrease the interest rate of «overnight»

On March 14, 2016 the Monetary Regulation Committee of the National Bank of the Kyrgyz Republic took a decision to decrease the interest rate of «overnight» deposits by 200 basis points to 1 %. The decision is effective as of March 15, 2016.

Held a round table on the theme: “Development of leasing operations in Kyrgyzstan”

12742470_600810290072483_8865573816208472976_nOn February 17, 2016, the USAID Business Growth Initiative (BGI) Project, in collaboration with the Union of Kyrgyz Banks and ISR Consult, held a round table for 70 representatives of banks, non-bank financial institutions, leasing companies, government agencies, business associations and international financial institutions, to discuss the results of the Kyrgyz leasing market study conducted during the last half of 2015. The study was conducted to better understand the leasing market and what is restricting its growth.

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