In order to stimulate the economy by financing development projects in the Kyrgyz Republic, on August 23, 2024, the official ceremony of signing the Agreement on Cooperation between State Development Bank of the Kyrgyz Republic OJSC and Demir Kyrgyz International Bank CJSC was held.

State Development Bank of the Kyrgyz Republic allocates funds to Demir Kyrgyz International Bank in the amount of 500 million KGS under the program “Targeted financing through Partner Banks”.
The credit funds will be used to support and develop small and medium-sized businesses, as well as to finance infrastructure projects.

Thanks to the above program of State Development Bank of the Kyrgyz Republic, commercial partner banks have the opportunity to access low-cost resources for subsequent provision of loans to end borrowers at interest rates below market rates.

The provided funds will serve the development of the business sector of the country, which will contribute to the growth of the country’s economy and will favorably affect the welfare of the people, increase jobs, expansion of domestic production and additional revenues to the budget of the country.