Based on the data analysis of 2,400 households received within the framework of the study “Life in Kyrgyzstan“ for 2013, the author has come to conclusion that the level of income and accumulated wealth, availability of a credit, as well as the shocks faced by a household largely determine whether it will save or not. The marital status of the household head and the place where the family lives have also a significant influence on the probability of savings. Besides, the households with equal economic, social and geographic characteristics differ in the saving behavior depending on the gender identity of the household head.
– The Economic Research Center has conducted the study “Gender Aspects of the Households’ Saving Behavior in the Kyrgyz Republic”
Kompanion Bank invites to the 11th Apple Festival
Kompanion Bank CJSC will hold the 11th annual Apple festival, which will take place on September 24 of 2016 in Kyzyl-Bulak village of Kadamjay district of Batken oblast.
Not only the farmers from Kyrgyzstan will take part in the festival, but also the gardeners from France will, who will share their experience in growing and processing apple.
Kompanion Invest received a certificate of the NBKR on compliance with Islamic principles of banking and financing
Kompanion Invest Microcredit Company received a certificate of the National Bank of the Kyrgyz Republic on compliance with Islamic principles of banking and financing (No. 352-4/534 dated July 22, 2016).
Established in 2011, Kompanion Invest Microcredit Company is a subsidiary of Kompanion Bank CJSC. The company operates under the Shari’a standards that do not allow imposing interest rates on loans. A client and the financial institution share profit and losses, while all transactions are based on Islamic ethical norms.
– Regarding replacement of the current banknotes of the Republic of Kazakhstan’s national currency – tenge
The National Bank of the Kyrgyz Republic is bringing to the commercial banks’ notice that in accordance with the information placed on the official website of the National Bank of the Republic of Kazakhstan, from October 3, 2016 the banknotes with the face value KZT 2000, 5000 and 10000 of the 2006 year specimen, terminate their circulation in the Republic of Kazakhstan. Up to the indicated date, these banknotes are lawful payment instrument and are used for payments and bank transactions throughout the Republic of Kazakhstan without any restrictions.
From October 4, 2016 to October 3, 2017 within 12 months these banknotes shall be exchanged in any regulated bank of the Republic of Kazakhstan. These banknotes will be accepted for exchange in all branches of the National Bank of the Republic of Kazakhstan up to October 3, 2020 free of charge without charging the fee or the payment for exchange.
– The first tranche from Russian-Kyrgyz Development Fund is mastered!
BTA Bank successfully posted the first tranche of the funds allocated Russian-Kyrgyz Development Fund in the amount of 65 million soms.
The first tranche amount will be used in such sectors of Kyrgyzstan, as agribusiness, processing and manufacture of agricultural products, transport, textiles, medicine and tourism.
We look optimistically that all 22 projects financed from the funds of the first tranche Russian-Kyrgyz Development Fund will be a success for all of us and will become a launching pad in the program of financing of small and medium businesses and will have a multiplier effect in all spheres of the economy. The first tranche allocated Russian-Kyrgyz Development Fund was distributed in almost all areas of the Kyrgyz Republic, where there is BTA Bank” – said the first Deputy Chairman of the Board Ruslan Boronbaev.