A general meeting of shareholders of "Keremet Bank" OJSC was held
On February 26th, 2020 was held a general meeting of shareholders of "Keremet Bank" OJSC which resulted in a decision to increase the Bank's authorized capital by 1.5 billion soms. After completion of the seventh share issue the authorized capital of "Keremet Bank" OJSC will amount to about 6.0 billion soms.
Capitalization will allow "Keremet Bank" to continue its activities aimed at developing the economy, expanding public access to banking and financial services through lending to small and medium businesses and meeting the demand for mortgage loans in all regions of the country.
In 2020 "Keremet Bank" OJSC plans to support employees of public sector of the Kyrgyz Republic in purchasing their own homes at affordable interest rates continuing mortgage lending amounting to 1.2 billion soms within the project "Social mortgage".
For reference: "Keremet Bank" issued 723 loans amounting to a total of 1,054.2 million soms from May 30th to December 31st, 2019. Since November 2019 financial resources for this credit project are allocated to employees of budget organizations working in all regions of Kyrgyzstan.
