Bay-Tushum will increase its capital to 1.46 billion KGS amid tightening requirements from the National Bank

As of January 31, the authorized capital of OJSC Bank Bai-Tushum amounted to 800 million KGS. However, against the backdrop of new requirements of the National Bank for the capital of commercial banks, the financial institution decided to increase its equity capital.

The National Bank's Board had previously approved a resolution “On the minimum amount of authorized and own capital of commercial banks,” which came into force on January 1, 2026. The document provides for a phased increase in the minimum authorized capital for existing banks — from 800 million KGS to 3 billion KGS by 2030. Moreover, the requirement of 1 billion KGS will come into force as early as July 1, 2026.

In anticipation of the increase in standards, Bai-Tushum Bank decided to allocate undistributed profits from previous years in the amount of 655.98 million KGS to increase its authorized capital.

Thus, the bank will issue 6,559,839 ordinary registered shares with a par value of 100 KGS each. As a result, Bay-Tushum's authorized capital will increase to 1.455 billion KGS. At the same time, the bank has nothing left to meet the NBKR's requirement of 1.5 billion KGS, which will come into force on July 1, 2027.

The shares will be placed among existing shareholders through a closed subscription, and payment will be made from undistributed profits. The bank plans to complete all procedures by June 15.

Who else has not reached 1 billion KGS?

According to data from the National Bank and the financial statements of banks, three banks have not yet met the 1 billion KGS target:

• Bay-Tushum Bank has already decided to increase its capital;
• Toulbay JSCB — at the end of January, its capital amounted to 934 million KGS;
• FinanceCreditBank — 904.8 million KGS.

Tolubai Bank has already announced that it will hold its annual general meeting of shareholders on March 12, where the key issues will include increasing the authorized capital and approving a new version of the charter.

Thus, the only bank that has not yet outlined specific steps to increase its authorized capital is FinanceCreditBank.

The increase in minimum capital is part of the regulator's strategy to strengthen the stability of the banking system. In the coming years, banks will have to gradually bring their capital up to 3 billion KGS, which will significantly increase the requirements for financial discipline and the sector's resilience.