Regulatory Alerts | 85035On the Minimum Size of the Authorized Capital of the Specialized Financial-Credit Institution JSC Financial Company of Credit Unions
The Board of the National Bank of the Kyrgyz Republic mandates that JSC Financial Company of Credit Unions must increase its minimum authorized capital to at least 300 million som by 2025. The institution is required to submit a phased implementation plan by March 15, 2017, and annually allocate at least 75% of its net profit to capital increases until the target is met. This regulation supersedes a 2012 decree and becomes effective fifteen days after official publication.
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