📋 Tender Overview
Project Number
49363
Company Name
Demir Kyrgyz International Bank CJSC
Date SPI Disclosed
Mar 4, 2025
Country
Kyrgyz Republic
Region
Central Asia and Turkiye
Projected Board Date
Mar 31, 2025
Environmental Category
FI-2
Status
Pending Approval
Last Updated Date
Department
CF5CT - Regional Industry FIG MCT/FIG Central Asia & Turkey
Industry
Financial Institutions
Sector
Commercial Banking - SME Finance
Additional Project Attributes
Blended Finance
Project Description
The proposed Project entails up to US$15 million investment in unsecured bond denominated in Kyrgyz Som ( KGS or LCY ) to be issued by CJSC Demir Kyrgyz International Bank ( DKIB or the Bank ), a long-standing IFC client, to expand the Bank's lending program to small and medium enterprises ( SMEs ) including in rural areas of Kyrgyz Republic, with 25% of the proceeds planned to be earmarked for women-owned SMEs ( WSMEs ). The investment is enabled by the International Development Association’s Private Sector Window Local Currency Facility ( IDA PSW LCF). The proposed Project will be accompanied by an unfunded trade finance facility in an aggregate amount of approximately US$3 million under IFC’s Global Trade Finance Program (GTFP) to support the Bank’s trade program.
