PROJECT

Projects

Summary of Investment Information

Project Number

49363

Company Name

Demir Kyrgyz International Bank CJSC

Date SPI Disclosed

Mar 4, 2025

Country

Kyrgyz Republic

Region

Central Asia and Turkiye

Projected Board Date

Mar 31, 2025

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 31, 2025

Department

CF5CT - Regional Industry FIG MCT/FIG Central Asia & Turkey

Industry

Financial Markets

Previous Events

Approved : May 2, 2025
Signed : Jul 21, 2025
Invested : Oct 29, 2025

Sector

Commercial Banking - SME Finance

Additional Project Attributes

Blended Finance

Project Description

The proposed Project entails up to US$15 million investment in unsecured bond denominated in Kyrgyz Som (“KGS” or “LCY”) to be issued by CJSC Demir Kyrgyz International Bank (“DKIB” or the “Bank”), a long-standing IFC client, to expand the Bank's lending program to small and medium enterprises (“SMEs”) including in rural areas of Kyrgyz Republic, with 25% of the proceeds planned to be earmarked for women-owned SMEs (“WSMEs”). The investment is enabled by the International Development Association’s Private Sector Window Local Currency Facility (“IDA PSW LCF). The proposed Project will be accompanied by an unfunded trade finance facility in an aggregate amount of approximately US$3 million under IFC’s Global Trade Finance Program (GTFP) to support the Bank’s trade program.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation