The reason for the license revocation is non-compliance with the requirements of the legislation of the Kyrgyz Republic and the regulatory acts of the National Bank.
From the moment the license was revoked, the credit union will no longer carry out its activities, including accepting deposits, providing loans, and other operations that were permitted by the license.
This is not the first case of license revocation for credit unions in January 2026.
For reference:
According to information from the Ministry of Justice, Rakhmatulin Zhamil Murzakazievich is the founder and head of the "Timur TSD Credit Union."
