Shareholders
|
The Kyrgyz Republic |
10% |
|
Aga Khan Fund for Economic Development (AKFED) |
21% |
|
Habib Bank Limited (HBL) |
18% |
|
Deutsche Investitions und Entwicklungsgesellschaft GmbH (DEG) |
17% |
|
European Bank for Reconstruction and Development (EBRD) |
17% |
|
International Finance Corporation (IFC) |
17% |
AKFED is an international development agency which promotes entrepreneurship in the private sector in specific regions of the developing world. A for-profit institution, the Fund helps to build economically viable enterprises through strong equity participation combined with management and technical expertise and support. AKFED companies promote sustainable economic development in South and Central Asia and sub-Saharan Africa with projects in industry, tourism, and financial services. AKFED is the economic development arm of the Aga Khan Development Network (AKDN), a group of private, non-denominational development agencies seeking to improve opportunities and living conditions in specific regions of the developing world, especially Africa and Asia. Active in the fields of industry, financial services, tourism development and infrastructure in some twenty countries across South and Central Asia and sub-Saharan Africa, AKFED controls assets in excess of USD 1 billion. The AKDN has been active in Central Asia since the early 1990s.
DEG a member of KfW banking group, is one of the largest European development finance institutions for long-term project and company financing. For more than 40 years, DEG has been financing and structuring the investments of private companies in developing and transition countries. DEG invests in profitable projects that contribute to sustainable development in all sectors of the economy, from agriculture to infrastructure and manufacturing to services. We also focus on investments in the financial sector in order to facilitate reliable access to capital locally. So far, DEG has worked together with more than 1,200 companies. By providing 6.2 billion Euros of finance, DEG has achieved a total investment of over 41 billion Euros. The aim of DEG is to establish and expand private enterprise structures in developing and transition countries, and thus create the basis for sustainable economic growth and a lasting improvement in the living conditions of the local population.
EBRD was established in 1991 when communism was crumbling in central and eastern Europe and ex-soviet countries needed support to nurture a new private sector in a democratic environment. Today the EBRD uses the tools of investment to help build market economies and democracies in 27 countries from central Europe to central Asia. The EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. It is owned by 60 countries and two intergovernmental institutions. But despite its public sector shareholders, it invests mainly in private enterprises, usually together with commercial partners. It provides project financing for banks, industries and businesses, both new ventures and investments in existing companies. It also works with publicly owned companies, to support privatization, restructuring state-owned firms and improvement of municipal services. The Bank uses its close relationship with governments in the region to promote policies that will bolster the business environment.
IFC a member of the World Bank group, promotes sustainable private sector investment in developing countries as a way to reduce poverty and improve peoples’ lives. IFC finances private sector investments in emerging markets, mobilizes capital in international financial markets and provides technical assistance to Governments and businesses. In the Kyrgyz Republic, IFC’s focus is on small and medium enterprises, micro-finance, financial sector, mining, agriculture and tourism. IFC’s strategy reflects the development priorities and needs of the country and is closely integrated with the World Bank Group’s country assistance strategy (CAS). IFC considers the existence or absence of alternative suppliers of investment resources and advisory services; and the need to carefully channel resources in order to enhance its impact. The strategy focuses on institution and capacity building, through investment and technical assistance, that will promote private sector development, especially SMEs, and support the transformation into a market based economy.
The State Committee on State Property of the Kyrgyz Republic is the state agancy of the Government of the Kyrgyz Republic, which administers state property. It enforces the policy of the Government of the Kyrgyz Republic on privatization of the state property, strengthens private property institutions, introduces corporate management principles, develops asset management activites. Besides, the Committee is a state organ, enforcing the state policy on bankruptcy prevention, regulates bankruptcy process.
KfW Entwicklungsbank (KfW development bank) finances investments and accompanying consulting services in developing countries. It carries out its work on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). KfW Entwicklungsbank is committed to the primary goal of German development cooperation, namely to sustainably improve the economic and social conditions of the people in developing countries. Through its Financial Cooperation (FC) it contributes to reducing poverty, protecting natural resources and securing peace worldwide.
Habib Bank Limited (HBL) was the first commercial bank to be established in
HBL's key areas of operations encompass product offerings and services in Retail Banking and, in recent years, Consumer Banking as well. HBL has the largest Corporate Banking portfolio in the country with an active Investment Banking arm. SME and Agriculture lending programs and banking services are offered in both urban and rural centers. Using our branch network as a key competitive advantage, our business concentration has remained consistent for Retail, Consumer, Corporate and SME clients.
HBL is expanding its presence in principal international markets including the
HBL is currently rated AA+ (Long Term) and A1+ (Short Term). HBL is the first Pakistani bank to raise Tier II Capital from external sources.
