of December 26, 2024 No. 807
About creation of Kylym Bank open joint stock company
For the purpose of development of banking sector and financial system of the country, increase in availability of banking services and stimulation of digitalization of economy, according to part 2 of Article 115 of the Budget code of the Kyrgyz Republic, Articles 13, of 17, of the 26th constitutional Law of the Kyrgyz Republic "About the Cabinet of Ministers of the Kyrgyz Republic" the Cabinet of Ministers of the Kyrgyz Republic decides:
1. Create Kylym Bank open joint stock company (further - JSC Kylym Bank) with absolute participation of the state in its authorized capital according to the procedure established by the legislation of the Kyrgyz Republic.
2. To the Ministry of Finance of the Kyrgyz Republic in accordance with the established procedure:
1) to act as the founder of JSC Kylym Bank, having determined its authorized capital in the amount of 1000000000,0 (one billion) som, by release and payment of 1000000 (one million) pieces of common nominal shares by nominal value of one share of 1000 (one thousand) som;
2) to develop and approve the charter of JSC Kylym Bank;
3) to bring the size of the authorized capital of JSC Kylym Bank to 5000000000,0 (five billion) som till 2027;
4) in case of project development of the Law of the Kyrgyz Republic "About introduction of amendments to the Law of the Kyrgyz Republic "About the republican budget of the Kyrgyz Republic for 2025 and planning period of 2026-2027" to consider the changes following from this resolution;
5) to carry out registration of the legal entity in judicial authorities of the Kyrgyz Republic;
6) to submit in the procedure established by the legislation the application to National Bank of the Kyrgyz Republic for receipt of the license for the right of carrying out banking activities;
7) to take other measures following from this resolution.
3. Determine JSC Kylym Bank as the central partner, national depositary and the numbering agent in the territory of the Kyrgyz Republic, having given to him authority on implementation of calculations and clearing transactions, storage and accounting of securities, and also assignment of identification codes to the securities issued in the territory of the Kyrgyz Republic, and also banking and other activities according to the legislation of the Kyrgyz Republic.
4. To Administration of the President of the Kyrgyz Republic to find the respective rooms for permanent placement and to provide technical, communication servicing of activities of JSC Kylym Bank.
5. To impose control of execution of this resolution on management of control of execution of decisions of the President and the Presidential Administration Cabinet of Ministers of the Kyrgyz Republic.
6. This resolution becomes effective after seven days from the date of official publication.
Chairman of the Cabinet of Ministers of the Kyrgyz Republic
A.Kasymaliyev
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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