MBank was unable to hold its annual meeting due to the lack of a quorum

Mbank’s annual general meeting of shareholders to review the results of 2025 did not take place. According to the bank, the meeting, scheduled for March 31, was deemed invalid due to the lack of a quorum.

In accordance with the law, a new date must be set in such cases. The rescheduled meeting must be held within one month and will be considered valid if attended by shareholders holding more than 40% of the voting shares.

According to the bank’s information, as of the end of last year, its shares were held by 2,236 shareholders, of whom 679 were legal entities with a combined stake of 0.51%. The remaining 99.48% of the shares belong to 1,557 individuals. However, almost the entire stake belongs to a single individual, Omurbek Babanov, who is the largest shareholder and controls 97.9699% of the shares. The remaining shareholders hold less than 3%.

Under these circumstances, achieving a quorum depends directly on the participation of a key shareholder or their official representative.

The bank has promised to provide further information regarding the new date for the annual shareholders’ meeting.