Ministry of Finances of the Kyrgyz Republic has awarded deposits to the amount of 106.8 mln KGS to BTA Bank for the best provisions at the first open auction for repayable funds placement.
In its turn, BTA Bank has undertaken to co-finance with its own funds, having nearly doubled the amount of the allocated tranche.
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.
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 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.
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.
