Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Monday, March 27, 2017

Vozrozhdenie Bank reports mixed results in first quarter

Vozrozhdenie Bank (VB) released its results on Thursday for the first quarter, in accordance with Russian Accounting Standards (RAS). In the first quarter, the bank made approximately $460,000 in net profits, a 92.6 percent drop from a year ago, attributed to higher income-tax payments, and overall operating income reached approximately $81 million, a 9.1 increase from a year ago. Read More »

EBRD to help Bai Tushum Bank expand loan offerings

The European Bank for Reconstruction and Development (EBRD) and Bai Tushum Bank (BTB) said on Thursday that they have signed an agreement that will let BTB offer longer terms and larger loans to its clients. BTB, one of the largest financial institutions in the Kyrgyz Republic, started out as a micro-financing institution that focused on small loans in the nation's rural areas. It later became a bank and began to increase and diversify its client base. Read More »