The program for target financing of business

kartinkaCJSC “Kyrgyz Investment and Credit Bank” became the participant of the program for target financing of business from the Russian-Kyrgyz Fund of Development.

On February 5, 2016 the agreement between CJSC “Kyrgyz Investment and Credit Bank ” and Russian-Kyrgyz Fund of Development on granting to KICB the credit line in the amount KGS 350 million on financing of investment projects in business was signed. The credits will be issued in the national currency by preferential rate 12% per annum for term from 3-60 months.

The participation in this program will allow to the Bank to provide the loan facilities on the development and formation of projects in the field of agriculture and processing, industrial production, including the clothing and textile industry, and also the transport. In the frame of the program the entrepreneurs will be able to obtain the preferential loans to the obtaining, renovation, expansion and modernization of assets and other long-term investments, including development of export operations and import substitution in the above sector.

For more detailed information apply to the credit center of KICB.

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