Published
06/24/2026, 09:50The State Financial Holding announced that it will hold an auction on June 24 to place temporarily available funds in the national currency in deposits at state and commercial banks in Kyrgyzstan.
According to the auction terms, the holding plans to place 80 million KGS for a term of 36 months. The starting interest rate has been set at 13.5% per annum.
The placement will be conducted in a single lot, and both state-owned and commercial banks in the country are eligible to participate.
This is not the first such operation by the State Financial Holding Company this year. Earlier, on June 16, the holding company also offered 80 million KGS at a deposit auction under similar terms—for a three-year term and at an annual rate of 13.5%.
Prior to that, in February, the State Financial Holding Company successfully placed 100 million KGS in bank deposits. At that time, demand fully matched supply, allowing the entire amount offered to be placed.
In addition to Gosfinholding, the Ministry of Finance, the Russian-Kyrgyz Development Fund, and the Azerbaijani-Kyrgyz Development Fund attempted to place their available funds through deposit auctions.
However, not all such placements are successful. For example, in February, the Azerbaijan-Kyrgyz Development Fund was unable to place 150 million KGS and $3 million in bank deposits. According to sources at “Akchabar,” the auction was declared void due to an insufficient number of participants and a lack of necessary demand from banks.
