Cooperation Agreement is signed between JSC Aiyl Bank, Russian-Kyrgyz Development Foundation (RKDF) and JSC Kaindy-Kant

Multilateral Cooperation Agreement was signed between JSC Aiyl Bank, Russian-Kyrgyz Development Foundation (RKDF) and JSC Kaindy-Kant. It is purposed to introduce the advanced mechanized technologies in agricultural crop processing as well as sugar beads through implementation of leasing program for agricultural producers in the Kyrgyz Republic.

Leasing program includes financial services for farmers involved in sugar bead growing for the purpose to renovate agricultural machinery fleet and hanging equipment. Aiyl Bank has recently increased its share on leasing market up to 94%. Present product range includes 10 leasing products. Since inception of leasing line Aiyl Bank has provided finances for acquiring of 1816 units of machinery and equipment for total amount over 2 billion KGS. As of 01.10.2016 Bank’s leasing portfolio is over 907,7 million KGS and is the largest one in the country’s banking sector.