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REQUEST FOR EXPRESSIONS OF INTEREST

LOAN 1529-KGZ (SF): Rural Financial Institutions Project

The Kyrgyz Republic has received a loan from the Asian Development Bank towards the cost of the Rural Financial Institutions Project (the project) to increase the level and sources of savings mobilization and lending services in rural communities in order to rebuild a sustainable rural financial system. The National Bank of the Kyrgyz Republic (NBKR) is the Executing Agency and the Financial Company for Support and Development of Credit Unions (FCSCU) is the Implementing Agency. The NBKR owns 100% share in the capital of FCSCU. Most of loan proceeds have been used for financing eligible subloans to credit unions (CUs) through FCSCU. The Government is developing an exit strategy for the project and has to recruit a consulting firm for a short-term period to undertake independent evaluation of FCSCU.

The objective of the assignment is:

The successful consulting firm shall perform evaluation of FCSCU based on the income approach - discounted cash flow method (DFC). Consultant, in preparing the financial evaluation model, should rely on the findings of the due inspections. Consultant should perform the following works:

  • To check information provided in the FCSCU financial statements as:
    1. background and history of the FCSCU and
    2. historical and current financial activity of FCSCU;
  • To perform financial analysis of FCSCU taking into consideration audited historical financial statements for the fiscal periods 2000-2005 prepared according to the International Financial Reporting Standards;
  • To prepare the financial forecasts which will form the basis of discounted cash flow model;
  • Sample the main assets for value assess, including sampling and visit to borrowers/debtors of FCCU;
  • Prepare a comprehensive valuation report.

The National Bank of Kyrgyz Republic (Executing Agency) invites eligible consulting firms to indicate their interest in providing the services. Interested firms must provide information indicating that they are qualified to perform the services (brochures, description of similar assignments, experience in similar conditions, availability of appropriate skills among staff, etc.). A firm may associate to enhance its qualification.

Expressions of Interest may be sent by email (preferable), post mail, or fax. Interested consulting firms may obtain further information at the address below from Monday to Friday during 9:30-12:00 and 13:00-17:30 hours (Bishkek time). Expressions of Interest must be delivered to the address below before 17:30 hours (Bishkek time) of 20 July 2006.

The National Bank of the Kyrgyz Republic,
Building 101, Umetaliev Street,
Bishkek, 720040, Kyrgyz Republic
Tel: +996 (312) 66-90-17, 21-33-61
Fax: +996 (312) 66-91-53
E-mail addresses: jmamatov@nbkr.kg ; bsharshenova@nbkr.kg