In the bank, it was noted that they are transitioning to a management model typical for large international financial organizations, where the functions of ownership and operational management are clearly separated.
Starting January 2026, the chairman of the board of directors of OJSC "Bakay Bank," Timur Ibragimov, will take on a new position as chairman of the management board, where he will be responsible for strengthening the operational block, implementing the development strategy, and improving market positions.
Additionally, Sergey Ibragimov, the owner of a stake in the bank, will join the board of directors. The financial institution is confident that this reshuffle will ensure the necessary balance between continuity of direction and strategic oversight from shareholders.
It was also decided in 2025 to increase the bank's charter capital to 10 billion soms through a private placement of 63.8 million ordinary registered shares at a price of 47 soms per share. As a result of the additional issuance, nearly 3 billion soms were raised, of which 203.9 million soms will be allocated to increase the capital of the Islamic financial center of "Bakay Bank."
