On 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.
Held a round table on the theme: “Development of leasing operations in Kyrgyzstan”
The program for target financing of business
CJSC “Kyrgyz Investment and Credit Bank” became the participant of the program for target financing of business from the Russian-Kyrgyz Fund of Development.
On February 5, 2016 the agreement between CJSC “Kyrgyz Investment and Credit Bank ” and Russian-Kyrgyz Fund of Development on granting to KICB the credit line in the amount KGS 350 million on financing of investment projects in business was signed. The credits will be issued in the national currency by preferential rate 12% per annum for term from 3-60 months.
– The National Bank approved the Provisional Regulation “On the procedure of swap operations”
On February 8, 2016, the Board of the National Bank approved the Provisional Regulation “On the procedure of swap operations (non-deliverable) between the National Bank of the Kyrgyz Republic and commercial banks” and the Provisional Regulation “On credit granting by the National Bank of the Kyrgyz Republic to commercial banks in case of conversion of credits in the foreign currency into the national one”. These regulatory acts are aimed at practical implementation of the resolution of the Government of the Kyrgyz Republic as of February 1, 2016 No. 33-р on conversion of credits to individuals for housing purchase, denominated in the foreign currency into the national one.
The President of the Union of Banks of Kyrgyzstan, Anvar Abdraev, met the leaders of the Association of Japanese bankers in Tokyo
Within the program Japan International Cooperation Agency (JICA), “Strengthening business associations”, President of the Association of the Union of Banks of Kyrgyzstan, Mr. Anvar Abdraev, met the leaders of the Association of Japanese banks led by, Director of the Association Mr. Hideharu Iwamoto.