Published
05/01/2025, 14:31The shareholders of Kyrgyzkommertsbank OJSC have decided not to close losses for 2024, leaving them on the balance sheet until future profits are received. This decision was made at the annual general meeting on 31 March, according to the Kyrgyz Stock Exchange website.
If the bank returns to profit ahead of schedule, it may begin to repay its losses early.
However, the start of 2025 proved even more difficult for the bank. At the end of the first quarter, the loss amounted to KGS 314.4 million, dozens of times more than in the same period last year (KGS 3.5 million).
The meeting also approved an external auditor: the international company Forvis Mazars will audit the 2025 financial statements. The auditor's fee will be $74,000.
