Presentation by Zina Sanyoura

Investing in Financial Institutions
in the Kyrgyz Republic
Experience of Bamboo Finance
and ResponsAbility as
Shareholders of Bai Tushum Bank
A Global Private Equity Group
Bamboo Finance is a global private equity firm managing USD 250M with offices in
Luxembourg, Geneva, Bogota, San Francisco, and Singapore.
We invest in companies that provide “access” to essential products and services,
such as financial services, healthcare, energy, housing, and education, for low
income communities in developing markets.
We partner with local and international like-minded investors to acquire minority
stakes in companies while playing an active governance role, facilitating capacity
building, ensuring greater efficiencies, and encouraging innovation.
Our portfolio includes 35 investments in 24 countries including Kyrgyzstan, Nigeria,
India, and Bolivia.
Our mission is to help create more inclusive economies that will accelerate the next
generation of leaders in financial services, healthcare, energy, housing and
education.
Invest in New Perspectives
USD 2 Billion+ AUM, one of the largest private investors in
development finance
Offices in Switzerland, France, Peru, Kenya, India
Asset manager regulated by FINMA (the Swiss Financial Markets
Authority)
Founded in 2003, shareholders include a broad range of reputable
Swiss financial institutions
120+ specialists with longstanding experience and expertise
Debt and equity investments in 90+ emerging economies with an
extensive track record in the financial sector (250+ financial
institutions), agriculture, health, education, energy
Strong focus on risk management, transparent reporting, and corporate
governance
With a strong reputation in the market to comprehensively serve the "missing middle",
the Bank serves its growing client base through a diversified product offering.
The Bank strives to build a sustainable profitable financial institution, meeting the
interests of its clients, partners, employees, and stakeholders.
•
•
•
•
•
one of the leading providers of MSME financial services in urban and rural Kyrgyzstan
gross loan portfolio exceeding US$ 91 million serving more than 32,000 clients across
65 branches, cash outlets
successful transformation from a small rural program into a
national provider of financial services
successful in attracting significant international and local debt
and equity partners
partnership with ResponsAbility as lender since 2005; and with
Bamboo Finance and ResponsAbility as shareholders since 2011
2014 – BAI TUSHUM BANK
2012 – first deposit taking
microfinance company to receive a
full banking license in Central Asia
2011 – first microfinance company
to receive deposit taking license
2009 – transformed into a
regulated joint-stock microfinance
company
2005 - transformed from an NGO
into a licensed micro-credit
company
2000 - established and sponsored
by USAID, ACDI/VOCA, Caritas
Switzerland
SIXTH LARGEST LENDER IN
KYRGYZSTAN
Total Loans, KGS mln
4,240
2,584
1,693
1,822
2009
2010
2011
FOURTH LARGEST BANK IN TERMS
OF CAPITALIZATION IN
KYRGYZSTAN
3,043
2012
Total Equity, KGS mln
2013
880
Total Assets, KGS mln
6,536
494
729
729
2011
2012
569
4,801
4,002
2,478
2,775
2009
2010
2009
2011
2012
2013
2010
RANKS NINE IN TERMS OF
PROFITABILITY IN KYRGYZSTAN
2013
Investment Thesis: Why Bai Tushum?
•
•
•
•
One of the leading providers of MSME financial services to low- and middleincome segments in Kyrgyzstan with a solid performance track record
Highly professional operations, strengthened by robust credit methodology,
sound policies and systems
Experienced and dynamic management team committed to the continued
growth and development of the Bank
Underserved market with room to develop new financial products and services
aimed at the specific needs of a largely agricultural market
Bai Tushum was seeking like-minded equity partners to help in expanding and
strengthen ing its equity base in view of bank transformation
Attractive investment opportunity in Central Asia in a growing MSME finance
market
Investment Success Factors
•
•
•
Institution with solid fundamentals: proven track record, standardized policies
and procedures, strong culture committed to growth and development, strong
market positioning
Strong management with aligned vision and buy-in to long-term strategy of
institution
Like-minded and aligned partners: shareholders, technical partners, credit
providers, and local professional bodies
Investment Success Factors
•
•
•
•
Overall regulatory environment conducive to implementation of strategic goals
Laws and regulations allow credit-only financial company to transform to full
service commercial bank
Licensing process was clear, transparent, and smooth
Regulatory bodies encourage open dialogue with financial players with the aim
to continuously improve and develop the regulatory environment

Download Report