KICB MSME2

completed

Kyrgyz Investment and Credit Bank (“KICB” or the “Bank”) is a closed joint-stock company, which was incorporated in the Kyrgyz Republic in 2001. Since the Bank was established, the Bank has gradually developed as one of the leading providers of financial services to private sector in the country. KICB is currently the second largest bank in terms of total assets and loan portfolio and the first largest bank in terms of total capital in the country. KICB runs its operations through 10 branches and 19 sub-branches, mainly located in the regions, and the Head Office located in Bishkek.The project involves a potential senior loan of up to US$10 million and a trade finance guarantee facility of US$2 million to Kyrgyz Investment and Credit Bank (“KICB” or the “Bank”), an existing IFC client, one of the most active providers of financial services to private sector of the Kyrgyz Republic.IFC would play an important developmental role by providing KICB with additional longer term resources for on-lending to Small and Medium Enterprises (SMEs), which have limited access to long-term funding. In addition, IFC’s trade finance guarantee facility will support access to trade finance for local exporters and importers and address the counterparty risk that is slowing down the growth of trade business in the country.