The increase of unfunded risk participation (in foreign and local currencies) of up to US$10 million to Demir Kyrgyz International Bank (DKIB), under the EBRD's Risk Sharing Framework ("RSF") up to US$ 15 million.
The unfunded RSF will be increased for DKIB to share risks on its loans to eligible clients. The EBRD's risk participation will be decided individually for each transaction following internal approvals and at the Bank's discretion. Each DKIB's sub-loan will have to comply with good banking practices and other relevant criteria.
DEMIR KYRGYZ INTERNATIONAL BANK
Demir Kyrgyz International Bank ("DKIB") is one of the leading commercial banks in the Kyrgyz Republic ("KR") ranking 5th in terms of assets and 4th in terms of customer accounts.
EBRD Finance Summary
The unfunded RSF will be increased for DKIB to share risks on its loans to eligible clients. The EBRD's risk participation will be decided individually for each transaction following internal approvals and at the Bank's discretion.
Total Project Cost
Total limit up to US$ 15 million
Under RSF, additionality typically stems from the following:
- Partner bank's ability to overcome capital and liquidity constraints;
- Greater access to medium and long-term financing for local enterprises;
- Stimulation of local currency financing.
Environmental and Social Summary
DKIB is an existing client and has been satisfactorily implementing the Bank's E&S requirements under the existing exposures all in compliance with PRs 2, 4 and 9.
Technical Cooperation and Grant Financing
Sub-loans under framework are expected to be supported by the Technical Cooperation ("TC") funds, EU Investment Facility for Central Asia ("IFCA"), Shareholders Special Fund ("SSF"), Small Business Impact Fund ("SBIF"), Women Entrepreneurs Finance Initiative ("We-Fi Programme"), and other potential donors depending on needs and the availability of funding.
Company Contact Information
Sevki Sarilar - General Manager
+996 312 90 90 60 (ext. 1001)
Fax: +996 312 610 444
245 Chuy avenue, Bishkek, 720001.
PSD last updated
23 Oct 2020
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