BNK Commercial Bank in Kazakhstan is set to receive a capital boost of 4.7 billion tenge, according to the Financial Reporting Depository, in a move aimed at stabilizing its financial position.

The bank is owned by South Korea’s BNK Financial Group and remains the only loss-making bank in Kazakhstan based on results from the first two months of the year, The Caspian Post reports via Kazakh media.

The decision was made by the board of directors through an additional share issuance worth 4.69 billion tenge. A total of 468,889 shares will be issued at 10,000 tenge each, with the sole shareholder expected to exercise its priority purchase rights.

Earlier this year, the Kazakh Agency for Regulation and Development of the Financial Market issued a notice to the bank following significant financial losses. BNK Commercial Bank recorded a loss of around 1.7 billion tenge over 11 months of 2025.

The regulator also noted that the bank was not meeting minimum capital requirements, falling 314 million tenge below the 10 billion tenge threshold.

BNK Commercial Bank only recently transitioned into a full banking institution, receiving its license in June and starting operations in August. Prior to that, it operated as a microfinance organization.

Despite aggressive efforts to attract deposits, including high interest rates of up to 20.5%, the bank’s retail deposit base remains relatively small.

In January-February, the bank posted a net loss of 345.8 million tenge, making it the only financial institution in the country with a negative result during that period.

Backed by BNK Financial Group, one of South Korea’s major financial conglomerates, the bank is now undergoing recapitalization as it seeks to strengthen its position in the Kazakhstan financial market.