RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of April 29, 2020 No. 2020-P-12/25-6-(NPA)

About additional temporary measures of regulation of activities of commercial banks of the Kyrgyz Republic

Due to the situation which developed because of COVID-19, pandemic for the purpose of preserving stability in bank and financial systems of the country and consumer protection of banking services and also mitigations of separate requirements of National Bank of the Kyrgyz Republic, according to articles 20 and 68 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic, banks and banking activity" the Board of National Bank of the Kyrgyz Republic decides:

1. Before adoption of the relevant decision of Board of National Bank of the Kyrgyz Republic:

1) banks in case of issuance of credits has the right not to demand from borrowers of the document of the established form issued by authorized body and confirming the fact of passing of state registration (re-registration) (certificate) as the individual entrepreneur, or the copy of the document confirming the occupation fact business activity without state registration (patent), provided by the Provision "About the Minimum Requirements on Credit Risk Management in the Commercial Banks and Other Financial Credit Institutions Licensed by National Bank of the Kyrgyz Republic" approved by the resolution of Board of National Bank of the Kyrgyz Republic of June 30, 2010 No. 52/4;

2) Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 23.03.2022 No. 2022-P-12/17-5-(NPA)

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