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🇰🇬 Kyrgyzstan /Economy & Trade

Development Bank of Kyrgyzstan's charter capital to increase to 22.68 billion soms

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

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  • The charter capital of the Development Bank of Kyrgyzstan will increase to 22.68 billion Kyrgyz soms.
  • The increase is funded by a non-monetary contribution of a 1.5-hectare land plot valued at 266.15 million soms.
  • This move follows the sole shareholder's decision to set the charter capital at 22.41 billion soms after the 11th share issuance.

The Development Bank of Kyrgyzstan is set to significantly increase its charter capital, boosting its financial capacity. The bank's charter capital will be raised to 22.68 billion Kyrgyz soms, according to information from the Kyrgyz Stock Exchange.

This capital injection will be facilitated through a non-monetary contribution. A land plot spanning 1.5 hectares, with an estimated value of 266.15 million soms, will be added to the bank's charter capital. This strategic move aims to strengthen the bank's financial foundation and operational capabilities.

As part of this adjustment, the Development Bank of Kyrgyzstan will increase the number of its issued ordinary registered shares by 266,150. Each share will be placed at a price of 1,000 soms, bringing the total value of this issuance to 266.15 million soms. This aligns with the sole shareholder's previous decision to establish the charter capital at 22.41 billion soms following the 11th share issuance.

DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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