“FinanceCreditBank” brought its capital up to the National Bank's requirements at the last minute

Just two days before the new requirements of the National Bank of Kyrgyzstan took effect, “FinanceCreditBank” increased its authorized capital to 1 billion 24.8 million KGS. This is according to data from the Kyrgyz Stock Exchange (BTS), where a transaction to issue 120 million additional shares with a par value of 1 KGS each was registered on June 29.

Thus, the bank raised its authorized capital from 904.8 million KGS to 1 billion 24.8 million KGS, exceeding the minimum threshold of 1 billion KGS, which will become mandatory for operating commercial banks as of July 1, 2026.

As a reminder, in January, the National Bank approved a schedule for a phased increase in minimum authorized capital requirements. While banks were required to have 800 million KGS until June 30, 2026, the requirement will increase to 1 billion KGS starting July 1. The requirements will continue to rise in the future: to 1.5 billion KGS starting in July 2027, 2 billion KGS starting in July 2028, 2.5 billion KGS starting in July 2029, and 3 billion KGS starting in July 2030.

Back in May, “Akchabar” pointed out that even after the previous capital increase, the bank did not meet the future regulatory requirement. At that time, after completing its eighth share offering worth nearly 43.8 million KGS, “FinanceCreditBank” increased its authorized capital to only 904.8 million KGS, leaving a shortfall of nearly 95.2 million KGS below the required level.