PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

592127

Primary Business Area

Public-Private Partnerships Transaction Advisory

Disclosure Date

May 28, 2012

Country

Kyrgyz Republic

Region

Central Asia and Turkiye

IFC Approval Date

Mar 21, 2012

Status

Completed

Estimated Total Budget

$230,001.00
(Project budget includes all project-funded activities)

Last Updated Date

Feb 26, 2017

Project Estimated End Date

Jan 1, 2013

Project Description

The State Agency for Bank Reorganization and Debt Restructuring of the Kyrgyz Republic (DEBRA), in its capacity as the sole shareholder on behalf of the Government, and Zalkar Bank's Board of Directors have retained IFC to advise on a possible sale of 100% of the shares of Zalkar Bank, which is one of the leading retail banks in the Kyrgyz Republic with over 90 % of its loans measured by capital to small and medium enterprises.

Development Results