 Presentation |
Joint Commercial Bank "Eridan" started
operating on 29 November 1996 (General license of
NBKR 36 of 29 November 1996). In August 2001, as
a result of planned increase of the charter capital,
the new share holders joined the bank and took the
decision to rename JCB "Eridan" into JSC
"INEXIMBANK" in order to mark their joint
venture and fully reflect the sphere of the bank
activity.
| History
of INEXIMBANK |
In 1996, the bank started with the charter capital
of 10 M som (800 thousand US dollars) and actively
participated in practically all spheres of activities
provided by the legislation for financial and credit
institutions of the Kyrgyz Republic. At the same
time, the bank adhered to the conservative policy
of risk management and provided the services which
satisfy the clients needs. One of the important
achievements in the activities of the bank was the
increase of the charter capital by 31 December 1997
up to 30 M som. In 1997, the assets of the bank
increased, from 10.2 M som to 69 M som, the credit
portfolio of the bank was 44.9 M som, allowing the
bank to get the net profit of 7.6 M som. The interest
income equalled 13.2 M som.
The bank has always paid special attention to the
issue of increasing the capital. As of January the
1st, 1999, the charter capital was 34.7 M som, and
by 1.04.99 it reached 50 M som thanks to the distribution
of the profit in 1998 and additional investment
of the share-holders assets. In 1998, the bank assets
increased and equalled 103 M som, the credit portfolio
was 71 M som. As a result there was an increased
net profit of 14 M soms, and the interest income
reached 30.5 M som.
In 1999, we witnessed the reduction of the bank
assets growth rate, reasons being, the difficult
situation in the economy of the Republic. The
financial crisis in Russia had a negative impact
on the banks activities and their clients. In
the Republic, a number of strategically important
fuel companies went bankrupt. These companies
were among the leading clients of the bank and
their bankruptcy brought losses to the bank. The
bank lost 4.6 M som as a result of the creation
of reserves to cover credit losses. Nevertheless,
the bank increased the assets by 10% up to 114.4
M som, the credit portfolio made up 62 M som.
The interest income equalled 27 M som. In spite
of all negative tendencies, in November the bank
became one of several banks which signed the Subsidiary
Agreement with NBKR for serving the credit line
of the International Association of Development
(IDA) by 01.09.02 the credits given totalled US
$800 000. That very year, the bank was the first
to sign the Agreement with Central American Fund
for Entrepreneurial Support to serve the credit
line. In 1999, the bank joined the international
system Western Union, which allowed making payments
and transferring money without opening an account.
This, undoubtedly, was a big achievement for the
bank, which brought its own advantages.
For the Bank, the year 2000 represented overcoming
negative tendencies of the previous year. The
bank assets increased up to 160.646 M some, the
credit portfolio was 98.9 M som. The net profit
increased by 223% and made up 4 M som, the interest
income equalled 25.9 M some. On 21 November 2000
the bank signed an agreement with EBRD for serving
the credit line. At the end of the year, another
project ¨Trade Promotion¨ was started
with EBRD. The main task of the program is the
promotion of trade deals, by providing different
payment mechanisms for the banks clients.
2001 was the year of further growth and increase
of operations. The bank assets reached 189 M som,
the credit portfolio made up 149.3 M som, the
interest income - 30.9 M som, net profit - 17
M som.
Currently Ineximbank is a universal bank, which
provides a wide spectrum of services for their
clients and has the charter capital of 100 M som.
Joint Stock Bank "Ineximbank" is the
first bank in Kyrgyz tan, with which EBRD signed
the agreement for the development of crediting
small and micro-enterprises in the Kyrgyz Republic.
On 8 July 2002, the credit agreement was signed
and by 01.09.02 the credits given totalled US
$192.508.
| Partners |
In order to provide export-import operations
for the clients, correspondent ties were established
with the following banks: Auto bank, Alfa bank,
Promsvyazbank (Russia), Riggs Bank (USA), Deutsche
Bank AG, Dresdner Bank (Germany), ING Bank (Austria),
CCF (France), Credit Agricole Indosuez (Switzerland),
Thaieximbank (Thailand), Alma-Tay Trading-Financial
Bank, People.s Bank, Bank Centre Credit (Kazakhstan),
and other.
| INEXIMBANK
in numbers |
Evolution of Assets in Millions
Evolution of Credit Portfolio in Millions
|
Evolution of Net Profit in Millions
Evolution of Interest Income in Millions
| Products |
Credit Cards
Plastic, bank, payment, club, discount, identification,
embossed, non-embossed, credit, debit, ATM, magnet,
smart, individual, corporative, family, VISA,
MasterCard, American Express, Diner Club, standard,
gold, electronic - these and many other words
are used together with the word card.
Payment cards is a modern mean of payment which
allows:
· To use the international payment system
(pay without commissions for goods and services),
· To collect the cash through the global
network of cash dispensers and ATM (automated
teller machine),
· To pay for goods and services through
internet,
· Not to declare the funds allocated on
the account of payment card when going abroad,
· Safety of the card account is provided
by PIN-Code which is only known by the card holder.
At the end of 1998, the bank joined the payment
system of VISA International. INEXIMBANK serves
international payment cards VISA (Classic, Business,
Gold, Electron and e-c@card), EuroCard/MasterCard
(Standard, Business, Gold), Cirrus/ Maestro.
Western Union
Money transfer on Western Union System can be
dispatched or collected in INEXIMBANK at the head
office or in the savings bank at
105, Sovietskaya Str.
+996 312 651 532
+996 312 600 345
Payment
Money transfer is paid in cash, cheque or their
combination in accordance with the tariffs.
Additional services
There is an additional payment for these services.
The beneficiary can be notified of the money transfer
in his name by phone. The cheque can also be delivered
to the indicated address. The money transfer can
be supplemented with additional information.
TARIFFS for remitting the money transfers
(in USD)
Amount Tariff
50,00 or less 13,00
50,01-100,00 15,00
100,01-200,0 22,00
200,01-300,00 29,00
300,01-400,00 34,00
400,01-500,00 40,00
500,01-750,00 45,00
750,01-1000,00 50,00
1000,01-1500,00 75,00
1500,01-1750,00 80,00
1750,01-2000,00 90,00
2000,01-2500,00 110,00
2500,01-3000,00 120,00
For the amount of money more than $3000, $ 20
is added for each $500.
Full information on money transfer by Western
Union System is available from Monday till Friday,
8-00 to 17-00 by telephone: 651538 in INEXIMBANK
or on Western Union website.
Traveller's cheques
Traveller's cheque is a payment document resembling
a banknote. This is not only external similarity:
the cheque has its nominal value and number and
is issued in basic types of currencies as well.
· Convenience in payments
· Reliability and safety of keeping the
funds
· Reimbursement of funds in case of the
cheque loss
· Unlimited validity period of the traveller's
cheque
Traveller's cheque is a convenient form of payments
and keeping monetary funds accepted worldwide.
If you are going for a business or tourist trip
abroad, use the traveller's cheque.
In many countries the traveller's cheques are
accepted for payment in shops, restaurants, hotels,
services, etc. If you want to cash the cheques,
it can be done in banks.
Traveller's cheques do not have the validity
period. If you didn't use the traveller's cheque
during the trip you could use them some next time.
In case you lose your traveller's cheque you'll
be refunded the amount in foreign currency or
in traveller's cheques.
Traveller's cheques have high degree of protection
(e.g. Thomas Cook cheques have 17 degrees of protection).
All these precautions practically fully exclude
the possibility of using traveller's cheques by
criminals. Ineximbank cashes traveller's cheque
of Thomas Cook, Visa international, CITICORP,
American Express companies. You can get an additional
information from Monday till Friday, 8.00 to 17.00
by telephone in Ineximbank: 651538.
|
Previous
