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.
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.
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.
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.
