On December 22, 2025, an extraordinary general meeting of shareholders of OJSC "Bakay Bank" decided to reform management and change the leadership, as reported by the Kyrgyz Stock Exchange.
As part of this transformation, the bank plans to adopt a management model similar to those used in large international financial institutions, where the functions of ownership and operational management are clearly separated.
According to the KFB, starting in January 2026, Timur Ibragimov, who is currently the chairman of the board of directors, will take on the role of chairman of the management board. His responsibilities will include strengthening the operational block, implementing the development strategy, and improving the bank's market positions.
Sergey Ibragimov, the owner of a share package, will become a new member of the board of directors. The bank is confident that this reshuffle will maintain the necessary balance between the continuity of strategy and reliable oversight from shareholders.
In 2025, it was decided to increase the bank's charter capital to 10 billion soms. This will be achieved through a private placement of 63.8 million ordinary registered shares at a price of 47 soms per unit, totaling nearly 3 billion soms. Of this amount, 203.9 million soms will be allocated to increase the capital of the Islamic financial center of "Bakay Bank."
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