Capital Bank, which is subject to UK sanctions, has updated the composition of its board of directors

Kapital Bank has announced changes to its board of directors. The decision was made in accordance with the minutes of the meeting held on 24 October.

According to the published information, the updated board of directors includes:

• Almaz Beknazarteghin – Chairman of the Board of Directors;
• Tenizbek Abzhaparov – Independent Member of the Board of Directors;
• Atabek Midinbekov – Independent Member of the Board of Directors;
• Asylbek Aliyev – Independent Member of the Board of Directors.

No information has been provided regarding the termination of the powers of the previous members of the board.

As a reminder, on 20 August, the United Kingdom announced the imposition of sanctions against Capital Bank, which is owned by the Ministry of Finance of Kyrgyzstan. In recent months, the country's authorities have centralised settlements and transfers in Russian roubles through this bank.