FinanceCreditBank has a new deputy chairman of the board

There have been changes to the composition of the Management Board at FinanceCreditBank. By a decision of the bank’s Board of Directors on April 23, Mirbek Toichuev was appointed Deputy Chairman of the Management Board.

According to the disclosed information, Mirbek Toichuev joined the bank’s executive body as Deputy Chairman of the Management Board.

However, the announcement does not specify whose powers were terminated as a result of the personnel changes. Information regarding the new top manager’s stake in the bank’s authorized capital has also not been disclosed.

The changes in leadership come amid the regulator’s tightening of requirements for banks’ capital and corporate governance. On May 21, FinanceCreditBank will once again convene a shareholders’ meeting—the bank still lacks the capital needed to reach the minimum threshold of 1 billion soms set by the National Bank.