Be careful! An online fraud attack via banking cards is growing in Internet and social networks. The users are offered to participate in surveys and lotteries with guaranteed rewards. Participation in such survey must be confirmed by entering banking card data and paying a fee. Bank recommends not to execute a card transaction on unknown websites and carefully […]

Bold Magvan, Chief Executive Officer of XacBank, one of the largest banks in Mongolia, visited Kyrgyzstan for the first time to share best practices and promote sustainable financing principles. During his visit, Mr. Magvan took part in the Green Economy Forum, had a number of meetings with local financial experts and focused on learning from […]

The development of any business, especially a high technology business, is always connected with the need for large financial investments. In a competitive market such investments allow companies to respond to any changes in the business environment in a timely manner and increase sales. Therefore in the period of such development of companies, it is […]

What is Islamic financing and what niche does it occupy in our country? Many nationals of our country might have wondered about that. Let’s clear it up together. The conventional concept of financing is about banks and financial institutions working only with credit and monetary instruments. Islamic financing, instead, does not recognize money as a […]

Since June 8, the Volna Issyk-Kulya Radio will broadcast the second cycle of the radio programs “The ABC of finance”. The mutual initiative directed to increasing the level of financial literacy of the population was launched by FINCA Bank and the Volna Issyk-Kulya Radio. The residents of Issyk-Kul region had an opportunity to listen to […]

Kompanion Bank offers special conditions on loans for business development and group loans only from March 1 through March 31 of this year under special spring offer. Interest rates on loans for small and medium-sized businesses in KGS have been decreased by 4%. In addition, during the promotion period, new customers can get a group […]

To celebrate 12th Anniversary, Kompanion Bank launched discount event for business loans in USD currency.  Now businesses and entrepreneurs can get loans by discounted fixed rate 12 % annually. Intended use of loan: to increase operating assets and for operating capital investments.  Discount loan will be active until end of 2016. “We are continuing to […]

On October 12th, Kompanion Bank celebrated its 12th birthday. Kompanion was founded by Mercy Corps, an international non-governmental organization, through the consolidation of assets of five microcredit agencies. In 12 years, Kompanion Bank has passed all stages of institutional development and today it is a sustainable community development financial institution with assets of KGS 7 […]

On September 26, 2016, the Board of the National Bank of the Kyrgyz Republic decided to keep the monetary policy rate unchanged at 6.00 percent. The decision becomes effective as of September 27, 2016.   In the current period in the Kyrgyz Republic deflationary processes are recorded. Overall price level in annual terms has decreased […]

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 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 […]

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 […]

On February 8, 2016, the Board of the National Bank approved the Provisional Regulation “On the procedure of swap operations (non-deliverable) between the National Bank of the Kyrgyz Republic and commercial banks” and the Provisional Regulation “On credit granting by the National Bank of the Kyrgyz Republic to commercial banks in case of conversion of […]