The names of the first winners were released and on May 25, 2016 the Bank gave out plasma TVs and smartphones. 7 people received the presents, while 10 participants chose to refuse interim prizes to continue contending for the main prize– apartment. “Several months ago I made a deposit with Bai-Tushum Bank in Bishkek. I […]

Global microfinance leader FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated alternative credit-scoring approach by a microfinance institution (MFI) in the world.  The partnership will vastly improve FINCA’s outreach to excluded populations. First Access will analyze […]

This year FINCA Kyrgyzstan celebrates its 20th anniversary. For less than a quarter of a century, the microfinancial organization managed to grow into one of large commercial banks with the developed network of branches providing a wide range of financial services. Today FINCA Bank has 72 service outlets in all the regions of Kyrgyzstan. By […]

On March 14, 2016 the Monetary Regulation Committee of the National Bank of the Kyrgyz Republic took a decision to decrease the interest rate of «overnight» deposits by 200 basis points to 1 %. The decision is effective as of March 15, 2016.

On February 17, 2016, the USAID Business Growth Initiative (BGI) Project, in collaboration with the Union of Kyrgyz Banks and ISR Consult, held a round table for 70 representatives of banks, non-bank financial institutions, leasing companies, government agencies, business associations and international financial institutions, to discuss the results of the Kyrgyz leasing market study conducted […]