Another foreign investor is attempting to open a bank in Kyrgyzstan

A new player may appear in the banking sector of Kyrgyzstan. On June 3, the Closed Joint-Stock Company “Muras Bank” was registered with the Ministry of Justice of the Kyrgyz Republic. According to official data, the financial institution is being established with foreign capital participation, and its sole founder is Sergey Entz.

According to available information in open sources, Sergei Yentz is a financier, founder of Derzhava Bank and longtime head of it, well known in the Russian market of bank guarantees and fintech solutions. Given the coincidence of the first name, surname and professional profile, we can assume with a high degree of certainty that the founder of Muras Bank and the Russian banker are one and the same person.

Azamat Omuraliev, a specialist with management experience in the banking sector, including work in structures with Russian capital, has been appointed head of the new bank. According to open sources, he previously headed a branch of Rosinbank, whose assets, liabilities, and rights were transferred to Keremet Bank in October 2018. Later, in 2021, Omuraliev also headed the Bishkek branch of Bay Tushum Bank.

It should be noted that the next step for the founder of Muras Bank will be to apply for a banking license from the National Bank. According to the established rules, this can take up to six months from the date of registration. The regulator may need up to six months to review the documents.

Thus, a new commercial bank may appear in Kyrgyzstan no later than June 2026, provided that all stages of licensing are successfully completed. However, it should be borne in mind that the process may be delayed. At the moment, Asman Bank, which submitted its documents back in 2024, is also waiting for a license.

We would like to add that, according to the National Bank of the Kyrgyz Republic's register, there are 21 commercial banks operating in the country as of June 3.