The bank announced a transition to a management model similar to that of large global financial institutions, where the functions of ownership and operational management are clearly separated.
According to KFB data, starting in January 2026, Timur Ibragimov, the chairman of the board of directors of OJSC "Bakay Bank," will take on the position of chairman of the management board. His main task will be to strengthen the operational department, implement the development strategy, and enhance the bank's market positions.
Sergey Ibragimov, the owner of the bank's shares, will become a member of the board of directors. The bank is confident that this change will ensure the necessary balance in management, maintaining continuity of direction and reliable strategic oversight from the shareholders.
In 2025, a decision was made to increase the bank's authorized capital to 10 billion soms through a private placement of 63.8 million ordinary registered shares at a price of 47 soms per share. The total amount of the additional issuance was nearly 3 billion soms, of which 203.9 million soms will be directed towards increasing the capital of the Islamic financial center of "Bakay Bank."
