Published
12/01/2025, 12:00The National Bank of the Kyrgyz Republic has prepared draft amendments concerning the rules for owning shares in credit unions and specialized financial companies.
According to the proposed rules, individuals and legal entities planning to acquire shares will have to confirm the legality of the origin of their funds. This will require the submission of tax returns, property purchase agreements, and other documents confirming income.
In addition, if they intend to acquire more than 1% of voting shares, and in some cases more than 5%, they will need written permission from the National Bank.
The purpose of the amendments is to increase the transparency of the financial sector, reduce the risks of capital concentration, and prevent unfair schemes in the credit union market.
The National Bank notes that these measures are aimed at ensuring the stability of the financial system and protecting the interests of customers.
