The reason for this decision was violations of the legislation of the Kyrgyz Republic and the regulatory acts of the National Bank.
As a result of the license revocation, the credit union ceases all its operations, including the acceptance of deposits and the issuance of loans that were permitted by the license.
This is not the first case of license revocation for credit unions in January 2026.
Reference Information:
According to the Ministry of Justice, Rakhmatulin Zhamil Murzakazievich is the founder and head of the "Timur TSD Credit Union."
