Kompanion Bank CJSC
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Kompanion Bank is a mission-driven MSME bank in Kyrgyzstan in which FMO has been a shareholder since 2014 and is also a debt provider since 2013. The Bank has total assets of USD 126m and is the 2nd largest bank in terms of (rural) outreach in Kyrgyzstan. Kompanion obtained its banking license in 2016, after being founded as a microfinance institution in 2004. The majority of its portfolio remains in microfinance loans.
What is our funding objective?
This senior unsecured loan will be used to support clients that require additional financing in the context of the global COVID-19 crisis. FMO is providing flexibility to the client in these challenging times, as the loan can be disbursed either in local currency or in USD.
Why do we fund this investment?
Kompanion needs financing in the context of the global Covid-19 crisis.
What is the Environmental and Social categorization 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. As part of the Project, Kompanion Bank will be required to apply the EDFI Exclusion List and Kyrgyzstan’s E&S laws and regulations.
More investments
| Date | Total FMO financing |
|---|---|
| 10/14/2022 | EUR 0.15 MLN |
| 8/9/2021 | USD 7.00 MLN |
| 5/9/2017 | EUR 0.07 MLN |
| 12/15/2014 | KGS 263.68 MLN |
| 2/1/2017 | USD 8.00 MLN |
- Website customer/investment
- http://www.kompanion.kg/index.php?lang=en
- Region
- Europe & Central Asia
- Country
- Kyrgyzstan
- Sector
- Financial Institutions
- Effective date
- 11/6/2020
- End date
- 9/26/2023
- Total FMO financing
- USD 3.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C