Record funds will be directed to "Aiyl Bank" and the State Mortgage Company through mechanisms of securities and profits of the National Bank
The Cabinet of Ministers of the Kyrgyz Republic has launched a program aimed at strengthening the country's financial institutions. According to decree No. 127-t, adopted on March 2, 2026, the budget for 2026 will be increased by 16.5 billion soms from the revenues of the National Bank.
One of the main steps within this program will be the recapitalization of the joint-stock company "Aiyl Bank" in the amount of 60 billion soms. These funds will be used to purchase government bonds (GKO) with a maturity of 15 years.
This financial structure will allow attracting funds for the development of mortgage lending: from the placement of government securities, 35 billion soms will be directed to the authorized capital of the State Mortgage Company (GIK).
It is also worth noting that the obligation of "Aiyl Bank" to transfer all its net profit as dividends for 15 years will create a sustainable return mechanism for the state budget.
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