Muras Bank, founded by international investor Sergey Entts, has completed all key preparatory steps and is now ready to submit documents to the Kyrgyz financial regulator to obtain a banking license. The newly established institution has issued shares, formed its management team and board of directors, opened a central office in Bishkek, launched its official website, and implemented its core banking system.
Regulator Confirms Capitalization, Leadership Team Strengthened
In June 2025, the state financial regulator of Kyrgyzstan officially registered the founding share issue of Muras Bank, comprising 140,000 ordinary registered shares with a nominal value of 10,000 soms each — totaling 1.4 billion soms in authorized capital. This milestone confirms that the bank has met capitalization requirements to move forward with its license application.
Ulanbek Mombekov, an expert in banking, auditing, and corporate governance with over 25 years of experience, joined the Board of Directors, further strengthening its leadership. He has held key roles at the Kyrgyz Ministry of Finance and served at major national banks, including Aiyl Bank, Dos Credobank, and the State Mortgage Company. Mombekov brings deep expertise in risk management, financial oversight, and strategic planning, which will help drive long-term growth at Muras Bank.
The Board also welcomed Nurlan Idinkulov, a banking professional with 17 years of experience in Kyrgyzstan’s leading financial institutions. Since 2020, Idinkulov has served as an independent board member and head of the risk management committee at Tolubay Bank, while also maintaining a private legal practice advising financial organizations on regulatory and litigation matters.
Azhmat Omuraliev, formerly the head of regional branches at Rosinbank and Bai-Tushum Bank, will head the executive team of Muras Bank. According to Mr. Omuraliev, the future institution aims to become “a conceptually new type of bank for the Kyrgyz Republic,” focusing on securities trading both domestically and on international stock exchanges.
Bishkek Headquarters Opened, Core Systems Ready for Launch
In September 2025, Muras Bank opened its main office in Bishkek, the capital of Kyrgyzstan, at 97/1 Chingiz Aitmatov Avenue. The newly renovated premises, designed to accommodate both client services and strategic operations, mark a significant step toward full operational readiness.
The office is equipped with modern digital infrastructure and advanced security systems. The automated banking software has been installed and tested to ensure that operations can begin seamlessly once the banking license is granted.
Shareholder Approves Next Steps
An extraordinary general meeting chaired by founder and Board Chairman Sergey Entts was held at the new Bishkek office on September 24. The agenda included appointing an independent auditor and updating the company’s charter following its change of legal address.
After the meeting, Entts met with the Board of Directors and senior management to assess the development of the licensing process and discuss strategic priorities and the bank’s marketing approach.
“We’ve injected the required capital, built the infrastructure, and are now ready to apply for the basic banking license,” said Sergey Entts. “Our goal is to create a financial institution that connects Kyrgyzstan with the global investment community through innovation and transparency.”
Linking Kyrgyz Finance with Global Capital
In a recent interview, Sergey Entts said that he sees Kyrgyzstan as a market with significant growth potential. Recent government initiatives, including the establishment of a clear legal framework and the launch of sovereign debt instruments, are laying the foundation for a mature and transparent securities market. With the right infrastructure and regulatory support, Kyrgyzstan can attract both domestic and international investors and facilitate efficient, technology-driven trading.
Therefore, Sergey Entts focuses his vision for Muras Bank on creating a cross-border financial infrastructure that enables transparent, technology-driven securities trading between the two regions.
Bank Enters Final Phase Before License Submission
Having completed all foundational stages — from capital registration and corporate governance formation to digital infrastructure deployment — Muras Bank is now entering its final stage before filing its licensing application. Once approved, the bank plans to offer a full suite of services, including deposits, loans, payment cards, and brokerage operations.
According to Sergey Entts, Muras Bank intends to stand out by “delivering genuine added value through advanced technologies and innovative financial instruments,” positioning itself as a bridge between Kyrgyzstan’s evolving financial sector and global capital markets.