Kyrgyzstan's State Mortgage Company boosts capital by 5 billion soms

The State Mortgage Company (SMC) of Kyrgyzstan is set to significantly expand its financial capacity. An extraordinary shareholders' meeting approved a substantial increase in the company's authorized capital, injecting an additional 5.1935 billion soms.

This capital injection will be fully funded by the SMC's sole shareholder, the Presidential Affairs Department of the Kyrgyz Republic. Following the completion of all necessary procedures, the company's total capital is projected to reach an impressive 118.2 billion soms.

In addition to the cash infusion, the Presidential Affairs Department will also contribute property, including apartments, a departmental residential building, and land plots, as part of the share purchase. The meeting also saw the approval of the SMC's auditor for its 2026 financial statements and ongoing projects in collaboration with the Asian Development Bank. The independent firm Benchmark Advisory & Assurance has been appointed to conduct the audit for a fee of 2.03 million soms.