The SFH approved a guarantee for TEZ ZHOL loans for the construction of the eastern bypass road in Bishkek

The sole shareholder of OJSC State Financial Holding approved a number of decisions concerning major transactions and changes to existing credit obligations at a general meeting on January 14.

The key decision was to approve the provision of guarantees for loans to TEZ ZHOL LLC for the implementation of a public-private partnership project for the construction and maintenance of the eastern bypass toll road in Bishkek. The guarantee is issued for obligations to Eldik Bank OJSC in the amount of $44 million, as well as to Demir Bank CJSC in the amount of $21 million. The project provides for mandatory collateral.

In addition, the shareholder approved the decisions of the State Financial Holding Board related to changes in the terms of previously adopted orders of the Cabinet of Ministers. In particular, grace periods for the principal debt from January to March 2026 inclusive have been agreed, as well as a transition to annuity payments after the end of the grace period at the request of Alfa Oil LLC.

A separate item approved the decision to grant Eldik Bank OJSC consent to amend the loan agreement dated October 23, 2025, providing for a deferral of principal debt payments until the first quarter of 2026. The management of Gosfinholding has been instructed to send a corresponding letter to the bank and ensure the implementation of the Cabinet's orders.