One more state-owned bank - Kylym Bank - has been established in Kyrgyzstan

One more state-owned bank - Kylym Bank - has been established in Kyrgyzstan.

According to the document, an open joint-stock company "Kylym Bank" with 100% state share was created.

As explained, the purpose of creating a new financial institution - the development of the banking sector and the financial system of the Kyrgyz Republic.

The authorized capital of the bank will amount to 1 billion soms, the nominal value of one share - 1 thousand soms. By 2027, the authorized capital of the new bank should increase to 5 billion soms.

The Presidential Property Management Department has been instructed to allocate a building for its location. The bank should also be equipped with the necessary equipment and means of communication.

There are four state-owned banks in Kyrgyzstan: Aiyl Bank, RSK Bank, and the State Development Bank. A large share of Keremet Bank was transferred to a Luxembourg company, while the state retained 22.45% of the bank's shares.

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One more state-owned bank - Kylym Bank - has been established in Kyrgyzstan

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In four months, the Batken region received 231.9 million soms from the budget

Advertising structures erected without permission have been dismantled in the Sverdlovsk district

In the Panfilovsky district, repairs to 20 transformers and 26 kilometres of overhead lines are planned for this year