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Article: IFC to invest US$5 million in Demir Kyrgyz International Bank to support lending activities to micro, small and medium enterprises.
- Article from:
- AKIpress News Agency
- Article date:
- July 16, 2009
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IFC, a member of the World Bank Group, will invest $5 million in Demir Kyrgyz International Bank (DKIB), a top commercial bank in the Kyrgyz Republic, to support the bank's lending activities to micro, small, and medium enterprises. The long-term loan will also help the bank grow and diversify its loan portfolio. Sevki Sarilar, General Manager of DKIB, said, "Our vision is to be a leading customer-oriented bank focused on supporting the private sector in the transition economy of the Kyrgyz Republic. IFC's loan will enable us to penetrate the micro, small, and medium enterprise segment and serve a larger number of clients.""Small businesses have limited access to ...