State Development Bank JSC passed the registration procedure and managed to issue the first shares. The State Service for Regulation and Supervision of the financial market reported.

The organization confirmed that the state registration of the constituent issue of ordinary registered shares was made during the private issue by the State Development Bank of the Kyrgyz Republic OJSC.

The institution was registered in July 2022. Evgenia Sudets became the Chairwoman of the Board of the bank in December of the same year. She received citizenship of Kyrgyzstan last summer under a simplified procedure. In Russia, Evgenia Sudets worked for a long time in the VTB system, was deputy general director and financial director of the Bank of Moscow management company, director of Tele 2 Russia International Cellular, was a member of the board of directors of Tele 2 Russia Holding and in the Dutch Airport Alliance company.

A special law has been adopted on the state bank. According to it, an authorized capital of 20 billion soms was established.

Source: 24.kg News Agency