The key facts

  • The Interpol 'Red Notice' for Olimov has disappeared from the organization's website; the reasons are unknown
  • Olimov submitted a resignation from Anorbank's supervisory board on October 2; the matter will be considered on October 28
  • Fitch Ratings downgraded the bank's rating from CCC+ to CCC and placed it on Rating Watch Negative

The notice disappeared from the Interpol website

The 'Red Notice' for Uzbek entrepreneur and Anorbank shareholder Kahramonjon Olimov is no longer displayed on the official Interpol website. The international search notice was published in late September. The card indicated that Olimov was born on May 7, 1977, in the Andijan region, is a citizen of Uzbekistan, and speaks Uzbek, Russian, and English. The country that requested the search was not disclosed in the card. Initially, there was no information about the charges; later, a crime category appeared: 'Kidnapping, defamation, unlawful detention, or abduction.' The reasons for the notice's disappearance are unknown.

The disappearance of the card does not mean the search has been discontinued

The Interpol website notes that most 'Red Notices' are available only to law enforcement agencies, and they are published in the open database at the request of the relevant state. Therefore, based on the disappearance of the card alone, it is impossible to determine whether the international search for the entrepreneur has been discontinued. A 'Red Notice' is an international request to search for and detain a person: a country asks other states to locate and temporarily detain a person pending a subsequent decision on their extradition.

Changes at Anorbank and a rating downgrade

On October 9, Anorbank announced that Kahramonjon Olimov had submitted a resignation from the bank's supervisory board on October 2; the matter is planned to be considered at the general shareholders' meeting on October 28. In addition, at the meeting on October 5, shareholders approved an additional share issuance of 100 billion soums to attract investment, strengthen capital, and address factors that had previously affected the bank's credit rating. 'Implementation of the capitalization plan should no longer depend on circumstances related to an individual shareholder,' the bank's statement said. On October 8, Fitch Ratings downgraded Anorbank's long-term rating from CCC+ to CCC, linking the decision to uncertainty around capital replenishment amid the situation with Olimov, and placed the rating on Rating Watch Negative. The bank stated that it continues to operate normally, fulfill its obligations to clients, and ensure the uninterrupted operation of its core services; according to Kun.uz, the bank also reported compliance with all prudential standards of the Central Bank.

The bank's financial indicators

According to Anorbank's reporting for the nine months of 2026, the bank earned almost 105 billion soums in net profit. As of the end of September, its assets amounted to 20.32 trillion soums, compared to 18.74 trillion soums at the beginning of the third quarter. The loan portfolio reached 13.08 trillion soums, equity capital — 1.51 trillion soums, and customer deposits — 15.23 trillion soums. According to previously published data from the Unified State Register of Enterprises and Organizations, Olimov owned 49.4% of Anorbank's shares, the Dutch company Bekamin B.V. — 50%, and the insurance company Kapital Sug'urta — 0.6%.

What is known about Olimov's case

On September 18, The Insider, citing a source close to Olimov's circle, reported that the entrepreneur had allegedly been detained in absentia in Uzbekistan and placed on an international wanted list in a kidnapping case. According to the source, the case may be connected to Olimov's long-standing financial conflict with his former employer Batyr Rakhimov — the founder of Kapitalbank, where the entrepreneur previously worked and owned a stake of over 36%. The Insider claimed that Olimov is suspected of organizing the kidnapping of Rakhimov in order to force him to drop his financial claims. Uzbek law enforcement agencies have not officially confirmed this information and have not disclosed the circumstances of the alleged criminal case. After the publications about the search, Anorbank stated that the information concerns the personal affairs of one of the shareholders and is not related to the bank's capital, management, or operations, and the Central Bank of Uzbekistan reported that the bank continues to operate normally and fulfill its obligations to clients.