The Law “On Acquisition by the Cabinet of Ministers of Keremet Bank” will come into force on March 15
The Law “On Acquisition by the Cabinet of Ministers of the Kyrgyz Republic of the Block of Shares of the Open Joint-Stock Company “Keremet Bank” from the National Bank of the Kyrgyz Republic” will come into force upon the expiry of ten days from the official publication date.
The regulatory legal act was published on March 5, 2024 in the state newspaper “Erkin-Too”, which means it will come into force on March 15.
The President of the Kyrgyz Republic Sadyr Japarov signed this Law adopted by the Jogorku Kenesh on February 14, 2024.
The document provides for the acquisition by the Cabinet of Ministers represented by the Ministry of Finance of 97.45% of shares of “Keremet Bank” OJSC from the National Bank.
The Law states that within ten days from the date of its entry into force, the Ministry of Finance and NBKR must conclude a respective agreement on the acquisition of block of shares.
The full text of the Law can be found in the “Erkin-Too” newspaper at the link.
