KICBKyrgyz Investment and Credit Bank (Kyrgyzstan)
KICBKent Island Community Band (Stevensville, MD)
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KICB has received the award along with the leading banks from Europe, Turkey, UAE, China, India, Malaysia, and Russia.
We are proud to join forces again with our partner KICB to support small businesses just weeks after signing another important joint project aimed at energy efficiency.
In 2013, KICB initiated a number of programs to bolster its position in the small and medium-sized enterprises markets, including offering more competitive medium- to long-term credit to corporate clients, according to The Banker.
One of the latest EBRD projects with KICB was the participation in a pilot corporate bond issue in som in September last year.
KICB got $3 million in 2013 as division of the first credit line within the KyrSEFF program.
Soft loans to farmers The government pledged soft loans to farmers to be extended by Kyrgyzstan Bank, Aiyl Bank, Zalkar Bank, KICB, RSK Bank in 2013.
The loan was co-financed by the EBRD and KICB under the EBRD Medium-Sized Co-Financing Facility.
93 million soms; KICB issued in 1,062 loans worth 290,797,000 soms; Commercial Bank of Kyrgyzstan issued 1,571 loans for 299.
IFC will extend a $10 million loan to KICB and provide the bank with a $2 million credit line under its Global Trade Finance Program.
KyrSEFF credits are now available through Demirbank and KICB, with additional partners expected to join in the next few months.
The KICB bond is for the equivalent of US$ 2 million in local currency, for which the EBRD is acting as an anchor investor with an equivalent of US$ 500,000.
Lakshmi Venkatachalam, Vice-President of Private Sector and Cofinancing Operations at ADB, and KICB Chairman of the Management Board Kwan Young Choi were present at the signing of the loan agreement today in Bishkek.