The KSE already has positive experience in conducting such auctions, which allows for hopes of successful development of this initiative.
For example, the Ministry of Finance used the exchange's electronic platform to place 24 billion soms in banks. The trades were conducted in three lots with durations ranging from 12 to 36 months, and 12 commercial banks participated. The initiator of the auctions has the right to set interest rates and choose the bank with the best offers. This format of trading represents an effective way to quickly place capital and attract deposits on favorable terms, noted Acting Director of KSE Aida Chodulova.
It is important to emphasize that only those organizations that have a valid license from the National Bank, have been operating stably for at least two years, possess positive external audit conclusions, and have no overdue tax debts or other obligations can participate in the auctions.
