The CJSC “FINCA Bank” has supported the initiative of the National Bank of Kyrgyz Republic and Savings Banks Foundation for International Cooperation of Germany directed to the growth of culture of savings in Kyrgyzstan. Throughout October, specialists of FINCA Bank delivered number of  trainings on savings for the adult population and for high school students across the country.

The highlight was celebrating of the Savings Day which took place from October, 24 to October, 31 in all the branches of the CJSC “FINCA Bank”. The invitees took part in trainings on financial literacy and familiarized themselves with banking products and services.

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Bai-Tushum Bank and the European Bank for Reconstruction and Development (EBRD) have signed loan agreements for the amount of USD 4 mln., contemplating the funding of energy efficient projects under the Kyrgyz Sustainable Energy Financing Facility (KyrSEFF), as well as lending to small and medium business. The agreements provide for technical consultations rendered to Bai-Tushum Bank by the EBRD, which are funded with donor money, allocated by the Investment Facility for Central Asia (IFCA) of the European Union.

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Kompanion Bank CJSC and Russian Kyrgyz Development Fund have signed an agreement on providing credit line to finance small and medium sized businesses. It was officially signed on October 4 of 2016.

Within the frames of this cooperation entrepreneurs will be able to get concessional loans for long term production investments in manufacturing industry (including sewing, textile, mining, metallurgy), transportation and infrastructure of tourism, medicine, trade and education.

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In the year of its jubilee FINCA Bank continues to delight with good news. Thus, on September 27, the official ceremony of opening the Operational Department of the Head Office took place.

Partners and clients of the bank, as well as representatives of the companies showing their interest in cooperation with FINCA Bank took part in the event.

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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.

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