10-04-2015

The Shareholders Will Finance The Further Growth of “FINCA Bank” CJSC Kyrgyzstan

On April 8, 2015 FINCA Microfinance Holding (FMH) – the shareholder of our bank decided to replenish the equity capital of our bank in the amount of 189.1 million soms.

According to Azamat Maksytbekov – the Deputy Chairperson of the MB, the shareholders of “FINCA Bank” Kyrgyzstan are increasing the volume of equity capital of our bank to expand the bank’s loan portfolio.  Thus, the paid-in statutory fund of our bank after conforming to the legal procedures will be 1 billion 232 336 000 soms.

In accordance with the NBKR regulations in force, the minimum amount of the authorized capital for the newly established commercial banks is 600 million soms. The amount of the authorized capital is a guarantee of the bank’s obligations to its clients and creditors.

One of the key ratios of the financial institution is its capital adequacy that reflects reliability and sustainability of the bank.

As of February 28, 2015 “FINCA Bank” CJSC is one of the three major financial institutions of the country in terms of the authorized capital.

Shareholders of FINCA Microfinance Holding Company LLC (FMH) and their shares:

  • FINCA International Inc. – parent company – 60,28%
  • IFC – The international Finance Corporation – 14,99%
  • KfW Bankengruppe – German development bank – 9,62%
  • FMO – The Netherlands Development Finance Company – 7,86%
  • ResponsAbility Social Investments AG – Luxemburg  Social Investments AG – 3,21%
  • Triple Jump – Netherlands microfinance fund – 1,8
  • Triodos –  Netherlands investment fund – 2,2%.