The KSE has delisted the shares of Capital Bank and Keremet Bank

The Kyrgyz Stock Exchange has temporarily delisted the shares of Capital Bank and Keremet Bank. The relevant information has been published on the exchange’s website.

As reported to “Akchabar” by the KSE Listing Committee, the reasons for the banks’ delisting varied.

Specifically, the decision regarding Capital Bank of Central Asia was made due to non-compliance with listing requirements. The bank failed to submit its financial statements, which is a mandatory condition for securities to remain on the exchange’s list.

Keremet Bank, on the other hand, was placed on temporary delisting due to sanctions-related restrictions.

Interestingly, less than a year ago, in September 2025, the Listing Committee informed “Akchabar” that there were no legal grounds for delisting either bank.

“Under Kyrgyz law, delisting is possible only in the event of sanctions or restrictions imposed by domestic regulatory authorities. The National Bank has not imposed such measures. In all other respects, the banks meet the criteria for Category ‘B’,” the committee noted at the time.

At that time, both banks retained their status as listed companies, despite international sanctions.

As a reminder, Keremet Bank has been subject to sanctions by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) since March 1, 2025. Capital Bank came under British sanctions in August 2025 after being selected as a clearing center for ruble transfers.