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Russian Gazprombank supports Kyrgyzstan's commercial banking sector

Kyrgyzstan Materials 27 May 2022 15:55 (UTC +04:00)
Aygun Maherramova
Aygun Maherramova
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BAKU, Azerbaijan, May 27. Chairman of the Russian-Kyrgyz Development Fund (RKDF), Artem Novikov, discussed prospects of bilateral cooperation with Executive Vice President of Gazprombank, Oleg Melnikov, Trend reports via RKDF.

One of the largest multi-faceted financial institutions in Russia, Gazprombank, has announced the launch of a new product for Kyrgyz commercial banks: a contract banking support system that ensures control over the targeted use of credit resources.

Moreover, Gazprombank showed interest in supporting the imports of Kyrgyz products and in financing the export of high-tech Russian products to Kyrgyzstan.

The RKDF, for its part, expressed its readiness to accompany business projects of Russian entrepreneurs in Kyrgyzstan, thereby providing the population with jobs and boosting the country's economic potential.

As a result, the parties agreed to sign an agreement on cooperation on the sidelines of the international business mission of Russian companies, which will be held on June 13-15, 2022 in Bishkek.

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