RESOLUTION OF COMMITTEE ON SUPERVISION OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of July 8, 2016 No. 29/1

About entering of amendment into the Resolution of Committee on supervision of National Bank of the Kyrgyz Republic "About approval "Recommendations about standardization of the credits issued on acquisition of ready housing" of December 25, 2008 to No. 27/3

Being guided by Item 2.4 of the Provision "About Committee on Supervision of National Bank of the Kyrgyz Republic" approved by the Resolution of Board of National Bank of the Kyrgyz Republic of March 19, 2005 No. 6/2, Committee on supervision of National Bank of the Kyrgyz Republic decides:

1. Bring in the Resolution of Committee on supervision of National Bank of the Kyrgyz Republic "About approval "Recommendations about standardization of the credits issued on acquisition of ready housing" of December 25, 2008 to No. 27/3 the following amendment:

In Recommendations about standardization of the credits issued on acquisition of ready housing approved by the above-stated Resolution:

- Item 2.3. add with the paragraph the sixth the following content:

"At the same time within implementation of the state programs developed and approved by the Government of the Kyrgyz Republic, banks can establish other coefficients in accordance with the terms of the program and assessment of the risks. At the same time the technique of assessment of these risks shall be reflected in domestic policy and procedures (coefficients, etc.). Banks bear responsibility for proper identification, assessment and management of the risks, including credit risk".

2. This Resolution becomes effective from the date of acceptance.

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