Published
04/17/2025, 16:38The Information Policy Service of the Presidential Administration of Kyrgyzstan issued an official statement against the background of publications in a number of foreign and anonymous sources about the alleged involvement of Kapital Bank Central Asia in schemes to circumvent international sanctions and co-operation with persons under restrictive measures.
The report emphasises that Kapital Bank is a state-owned bank, 100% of its shares are owned by the Ministry of Finance of the Republic. It is established under the policy of transparency, accountability and enhanced control over financial flows, including cross-border transactions in rubles.
The authorities call the accusations circulating about the bank's links with the Moldovan businessman Ilan Shor, who is under US sanctions, as well as with the Russian bank PSB (Promsvyazbank) groundless and unsupported by facts. And they see such publications as an attempt to discredit the country's financial system.
«All transactions through Kapital Bank are carried out in strict compliance with international standards and the legislation of the Kyrgyz Republic, including norms to prevent money laundering and financing of illegal activities», — stated in the message.
Earlier in the day, foreign media published a story claiming that Kapital Bank allegedly became a link in a scheme to finance the supply of military products to Russia through Chinese companies. According to the authors of the investigation, the bank took the place of Keremet Bank, against which the United States imposed sanctions in January 2025 for co-operation with the same actors. The publication also claims that former top managers of Keremet Bank were invited to the management of the new bank.
