• Kyrgyzstan
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 19, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 15, 2020

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Project Description


According to FMO website under this project the provided loan is allocated to Bai Tushum Bank (“BTB”) in Kyrgyzstan with the purpose of  providing stable medium term funding in local currency to finance BTB's loan portfolio and improve the balance sheet structure of the bank.

 Project Objectives

 The funds will be used to finance a combination of Micro clients and women/youth/rural agricultural SME clients of the bank.

Environmental and social rationale

The project has been categorised as Category C in accordance with FMO’s Sustainability Policy. The Project’s activities are deemed to have minimal or no adverse environmental and social risks and/or impacts. 

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

Bai Tushum Bank (“BTB”) is a top-10 mid-sized universal bank with focus on MSME/Retail in the Kyrgyz Republic. With ~700 staff the bank operates a countrywide network. Their mission is to help their country, society, citizens and businesses by means of providing understandable, affordable and innovative financial solutions.

Contact Information