Ayil Bank increased its authorised capital through internal debt

Earlier, it was announced that Ayil Bank plans to increase its authorised capital by 60 billion soms to expand its activities and improve financial stability.

The published order of the Cabinet of Ministers specifies that the funds for the capital increase will come from the issue of government treasury bonds (GTOs) with a maturity of 15 years, a nominal value of 100 soms and a coupon rate of 3%. Earlier, Akchabar reported that on 3 March, the Ministry of Finance held an auction for the previously announced additional issue of GKOs for this amount with the specified term and interest rate.

The funds received from the GKO issue will be used to capitalise Ayl Bank, and the bank will transfer its net profit in the form of dividends to the republican budget on an annual basis.

Thus, the increase in the authorised capital of Ayil Bank is effectively carried out at the expense of the state's internal debt accumulated through the government bond market. This allows for the simultaneous expansion of the bank's resource base and support for the financial stability of the budget.