The authorities will allocate significant funds for "Aiyl Bank" and the State Mortgage Company (GIK) through securities mechanisms and the profits of the National Bank.
A new program aimed at strengthening the country's financial institutions has begun in Kyrgyzstan. According to decree No. 127-t, adopted on March 2, 2026, the Cabinet of Ministers will increase the resource part of the 2026 budget by 16.5 billion soms from the profits of the National Bank.
One of the main steps of this program will be the recapitalization of OJSC "Aiyl Bank" in the amount of 60 billion soms. These funds will be used to purchase government bonds (GKO) with a 15-year maturity.
This financial scheme will allow for the concentration of funds for the development of mortgage lending: 35 billion soms obtained from the placement of government securities will be directed to the authorized capital of the State Mortgage Company (GIK).
It is important to note that the obligation of "Aiyl Bank" to transfer all its net profit as dividends for 15 years will create a long-term return mechanism for the state budget.
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