Ayil Bank General Annual Shareholder Meeting completed

In 2015 Aiyl Bank reached positive results and as of January 1 bank assets was 16,4 bln. som, loan portfolio - 10,1 bln. som. At the same time loan repayment rate was 99%. Bank net profit in 2015 was 251,0 mln.som and increased by 16,5 mln. som comparing to 2014.

General Shareholder Meeting made decision to distribute 2015 net profits in as follows:  
- 35 percent to be paid as dividends on common shares of JSC Aiyl Bank;
- 49,78 percent to be used for issuance extra common shares of JSC Aiyl Bank;
- 10,08 percent — for the fund of Kumtor-Chakan loan product;
- 5,14 percent — for the Leasing fund.

Herein total number of common shares of JSC Aiyl Bank is 192 312 shares of nominal value 10 000 som each and total equity is 1 922 310 000 som.

In addition, the following issues are discussed:
 - Report by Bank Board on financial and economic activities and budget implementation in 2-15 approved as well as balance activities and income/loss account 2015 year results in Aiyl Bank. 
- External Audit conclusion discussed and results of Aiyl Bank financial reporting audit in 2015 considered. 
- New version of JSC Aiyl Bank Charter is approved.
- New Regulation on Budgeting of JSC Aiyl Bank is approved.
- JSC Aiyl Bank Board of Directors Report for 2015 approved

The meeting has approved the following JSC Aiyl Bank Board of Director

-Mamatov Kairat Adamkalievich
- Kulov Temirbek Asanalievich

-Atakulov Abay Bolotbekovich
- Omuraliev Kanatbek Esengulovich

-Mamytov Nurlan Toktobekovich

Audit Committee is selected and approved as follows:

- Atakulov Abay Bolotbekovich
- Kulov Temirbek Asanalievich
- Mamytov Nurlan Toktobekovich

bank external auditor in 2016 will be KPMG Bishkek, Aiyl Bank 2016 budget is approved.