Beginning October 16, 2017 Kompanion Bank reduced interest rates on loans for small and medium-sized businesses.  Under the new conditions, customers can get a business loan from 300 thousand soms at a favorable interest rate.  The bank notes that the offer is valid until the end of this year.

“Lending to small and medium-sized businesses is one of the priority areas of the bank’s activities.  We apply an individual approach to each entrepreneur, offering favorable terms and flexible repayment schedule.  It is important for us to remain always a reliable and convenient financial partner for our clients, ” said Erkinbek Jumabaev, CEO of Kompanion Bank CJSC

Within the campaign special conditions are provided for group loans: new customers when creating a group and those repeat customers who will attract a new participant to the group, loans are given without additional interest.  The loan amount for the group can be from 12 KGS to 1.5 million KGS.

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On October 23 Gulnara Shamshieva took up a post of an Adviser of Board of Directors of Bai Tushum Bank CJSC. Gulnara Shamshieva was at the head of Bai Tushum for 17 years. During this period under her leadership, Bai Tushum has undergone a transformation from a financial fund and a microfinance company with a deposit attracting license to a universal Bank with a full banking license. Today the Bank ranks the 9th in the banking sector in terms of loan portfolio and assets, 10th in terms of charter capital, has a wide branch network, and provides a full range of financial services to more than 105 thousand clients across the country.

Nurgul Torobaeva has been appointed as Acting Chairman of the Bank’s Executive Committee. Nurgul Torobaeva has been working in Bai Tushum Bank for 12 years, 7 of them as a first Deputy Chairman of the Executive Committee of the Bank. She supervised such areas as treasury, operating department, information technology department, methodology department, security department of the bank. She has more than 17 years of experience in microfinance and banking.

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Kompanion Bank is inviting to the 12^th annual Apple festival, which will be held on October 25, 2017 in the village of Iskra, Leilek district, Batken region. For the first time the festival was held in 2006 on the shore of Lake Issyk-Kul and since then it has become not only a good tradition, but also an effective economic platform for domestic farmers.

“The Apple Festival promotes the capacity building of the communities of all regions of our country. Last year, we held the Apple Festival in Kadamjai district and were able to help horticulturists sell more than 1500 tons of apples. In addition, the event was visited not only by farmers and residents of the Batken region, but also by delegations from France and Uzbekistan. This year we plan to organize an equally spectacular event,” said Erkinbek Jumabaev, CEO of Kompanion Bank CJSC.

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Kompanion Bank is continuously working towards the improvement of its products for the comfort of its clients. From now on, not only can you pay for products and services using Elcard national card and Visa international card, but you can save money as well.

The flexible deposit on Elcard and Visa cards has been developed for those who want to have access to cash at any time and at the same time receive interest. This product provides the highest possible flexibility to Kompanion’s clients and allows them to replenish their deposit accounts, receive up to 12% per annum, and withdraw money without losing the accrued interest.

The minimum required account balance is KGS 10,000 or 20,000, at a client’s discretion. Interest is accrued not only on the minimum required balance but on each replenishment amount too. Moreover, the product provides for a monthly capitalization of interest to a client’s card.

The Bank’s clients can use their Elcard and Visa debit cards to pay for utilities, shop at retail and service outlets and online (Visa), as well as transfer money via CARDEX (Elcard).

In addition to that, with the help of Internet banking service, the clients can remotely control their deposit accounts what makes the product even more convenient!

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On August 17, 2017, the National Bank of the Kyrgyz Republic agreed on the candidacy of Erkinbek Altymyshevich Jumabaev for the position of Chief Executive Officer of Kompanion Bank CJSC. The press service of the bank has reported about it.

Erkinbek Jumabaev has served for seven years as a Deputy Chairman of the Chief Executive Officer of Kompanion Financial Group Kompanion MFI CJSC, which was successfully transformed into Kompanion Bank CJSC in January 2016. Erkinbek Jumabaev had worked for 12 years in the field of economy, finance and banking before joining the Kompanion team in June 2005.

Reference: Kompanion Bank CJSC is a stable bank with assets of over 6 billion KGS and an authorized capital of 1 billion 616 thousand KGS. About 95 thousand customers are served in 112 branches of the bank.  The Bank’s shareholders are the international non-governmental organization Mercy Corps, the Netherlands Development Bank (FMO) and the European investment funds Triodos Investment Management.