The National Bank has granted licences to two new banks – one with state ownership, the other with foreign capital

On 13 May, the National Bank of Kyrgyzstan granted banking licences to two new institutions – OJSC ‘Kylim Bank’ and CJSC ‘Muras Bank’.

According to the regulator, both organisations have been granted the right to conduct transactions in both national and foreign currencies.

As Akchabar previously reported, ‘Kylim Bank’ was established as a state-owned bank. It was previously established by a decree of the Prime Minister, Adylbek Kasymaliev, as a public limited company with 100% state ownership. The bank’s authorised capital is set at 1 billion KGS, with plans to increase it to 5 billion by 2027.

The National Bank of the Kyrgyz Republic announced that the second bank to be granted a licence to conduct banking operations in national and foreign currency is “Muras Bank”.

Muras Bank was registered on 3 June with the Ministry of Justice of Kyrgyzstan as a closed joint-stock company. According to official data, the bank is being established with foreign capital, and Sergey Ents is listed as the sole founder.