1 сентября 2025
KICB signed the loan agreement with «Perekrestok» auto center under the co-financing program of the European Bank for Reconstruction and Development
KICB signed the loan agreement with «Perekrestok» auto center under the co-financing program of the European Bank for Reconstruction and Development
KICB signed the loan agreement with «Perekrestok» auto center under the co-financing program of European Bank for Reconstruction and Development, with the aim of scaling the activities of the official distributor of Toyota Motor Corporation in Kyrgyzstan.
Through opening the world of Toyota cars right in the capital, «Perekrestok» auto center significantly increased sales in Kyrgyzstan. In order to support «Perekrestok» auto center, European Bank for Reconstruction and Development together with KICB decided to finance the company and provide an opportunity to increase turnover capital.
The agreement signing ceremony was held in Bishkek on August 21st, 2025 with participation of Mr. Arif Ali - Chief Executive Officer of KICB, Mr. Almaz Toygonbaev - Regional Head of production and service department of EBRD and Mr. Adham Yusupov - General Director of auto center «Perekrestok» LLC. The participants of signing ceremony expressed their firm confidence in the successful development and expansion of the company, and expressed gratitude each other for mutually beneficial long-term cooperation.
KICB consistently supports initiatives aimed at the economic development of the country, confirming the status of a reliable financial partner.
KICB cooperates with the EBRD in many areas, including financing large projects in Kyrgyzstan, supporting «Mykty Aiym» project within Women in Business Program in Central Asia for the development of women's entrepreneurship in Kyrgyzstan, and participating in Green Economy Financing Facility Program (KyrSEFF).
Reference:
CJSC Kyrgyz Investment and Credit Bank (KICB) was established in 2001. The authorized capital is USD 23 million. KICB has 55 branches/subbranches throughout the country, providing full range of banking services. The first commercial bank in Kyrgyzstan with correspondent accounts in Citibank (USA), NBD (UAE). License NBKR 046.
European Bank for Reconstruction and Development (EBRD) was established in 1991 and works on three continents to help countries transition to successful market economies. Its unique approach combines financing, expertise and policy reform to deliver long-term positive change.
Autocenter «Perekrestok» was established in 2003 to provide car repair services and sell auto parts. In 2012, the company became an authorized dealer of Toyota Motor Corporation, becoming the exclusive regional distributor for the sale of Toyota cars in Kyrgyzstan, and in 2020 began selling Lexus cars.