The Ministry of Finance of Kyrgyzstan allocated almost 2.4 billion rubles to banks for loans for business


The Ministry of Finance of Kyrgyzstan provided 11 commercial banks with 2 billion 495 million soms (2 billion 381 million rubles) to provide local companies and entrepreneurs with preferential loans. The financial department notes that this money will be used to restore and ensure economic and social stability, as well as to support business entities in the conditions of the pandemic of coronavirus infection. At the expense of these funds, commercial banks will issue preferential loans: in the amount of up to 30 million soms (28.5 million rubles) at 6% per annum for up to five years for the acquisition, renewal, expansion and modernization of fixed assets, in the amount of up to 20 million soms (19 million rubles) at 10% per annum for up to three years for the purchase of raw materials, components and spare parts, in the amount of up to 10 million soms (9.5 million rubles) at 4% per annum for up to three years for the acquisition, renewal, expansion and modernization of fixed assets, the purchase of goods, raw materials, components, spare parts by small and medium-sized enterprises, in the amount of up to 20 million soms (19 million rubles) at 11% per annum for up to three years to refinance loans from industrial and processing enterprises.
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