Banking / Investment in Kyrgyzstan
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KYRGYZSTAN, 2015/09/15
Financing package will enable Optima to expand financing to MSME, inclunding in local currency.
The major bank in the Kyrgyz Republic, Optima Bank, and the European Bank for Reconstruction and Improvment(EBRD) have teamed up to expand access to financing to Kyrgyz small businesses and to facilitate foreign trade for local corporates.
Today, the two institutions have signed two loan agreements, for a US$ 11 million credit line for micro, small and medium-sized businesses, and for a US$ 2 million trade finance line under the EBRD Trade Facilitation Programme which will help Optima Bank to support additional companies engaged in cross-border trade. Agreements for US$ 20 million in risk-sharing facilities for the financing of local businesses are expected to be signed later.
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KYRGYZSTAN, 2015/07/09
Kyrgyzstan is ready to share its vast experience in the banking sector to help create the mechanisms to establish a lending institution for the Shanghai Cooperation Organization (SCO), says Kyrgyz President Almazbek Atambayev.
Atambayev plans to propose the creation of the SCO Bank at the SCO Summit, scheduled to be held in Ufa on July 8-10, 2015.
"We propose the Bank to be headquartered in Bishkek, because we by presently have great experience in the banking sector," Atambayev noted.
For this purpose, Kyrgyzstan is ready to hold a conference of finance ministers and the heads of national state-owned banks of the SCO five member states.
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KAZAKHSTAN, 2015/05/26
The issues of domestic bond market development in Russia, Kazakhstan, Belarus and other CIS nations inclunding EM Eurobonds were mulled at the 12th CIS and Baltic Bond Congress in Baku.
Each year the Congress gives its delegates an opportunity to assess the current national and development prospects of the CIS financial markets.
