“Bank of Asia” signed an agreement with RKDF for $ 2 million
Dear Clients,
We are pleased to announce that the Bank of Asia has signed an agreement with the Russian-Kyrgyz Development Fund in the amount of $ 2 million to finance small and medium-sized businesses in the following areas:
- Agro-industrial complex
- Sewing and textile industry
- Manufacturing industry, including mechanical engineering
- Mining and MetallurgyTransport
- Infrastructure development, including tourism, education and medicine infrastructure
- Development of trade infrastructure
Thanks to this agreement, entrepreneurs can receive loans for investment purposes, such as: acquisition, renewal, expansion, and modernization of fixed assets in these industries and have access to long-term funds with low interest rates.
Loans are issued in US dollars at a rate of 5-7% per annum and in soms at a rate of 10-12% per annum for a period of up to 5 years.
Bank of Asia, together with the Russian-Kyrgyz Development Fund, will continue to contribute to the development and prosperity of small and medium-sized businesses in Kyrgyzstan.
