Muras Bank has applied for a banking license

Sergey Entts, founder of Muras Bank CJSC, announced the completion of the second stage of organizational measures required by the regulations of the National Bank of the Kyrgyz Republic and officially applied for a license to conduct banking activities.

During the second stage, key regulatory requirements were met, including the formation of authorized capital, approval of the internal structure and corporate governance systems, and the completion of the recruitment of key employees.
 

The submission of the application to the National Bank of the Kyrgyz Republic marks the final stage of the licensing procedure. After the regulator reviews the documents and the license is obtained, Muras Bank plans to commence operations.
 

“While awaiting the license, the bank will work on integration with government and payment services, as well as the implementation and configuration of a mobile application and internet banking for individuals and legal entities,” said Sergey Entts, founder and chairman of the board of directors of Muras Bank.