– 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!

logo_enBTA 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.

 

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

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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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