RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of November 25, 2020 No. 2020-P-12/67-2-(NPA)

About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic concerning bank regulation and supervision

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. Make changes to the following resolutions of Board of National Bank of the Kyrgyz Republic (are applied):

- "About approval of the Regulations on the economic standard rates and requirements obligatory for accomplishment of the Kyrgyz Republic by commercial banks" of July 21, 2004 No. 18/1;

- "About some regulatory legal acts of National Bank of the Kyrgyz Republic" of June 30, 2010 No. 52/4;

- "About approval of the Instruction for work with bank accounts, accounts on bank deposits (deposits)" of October 31, 2012 No. 41/12;

- "About the Provision "About the Corrective Actions Applied to the Banks and Some Other Financial Credit Institutions Licensed by National Bank of the Kyrgyz Republic" of June 15, 2017 No. 2017-P-12/25-4-(NPA)";

- "About approval of the Instruction about implementation of banking supervision" of June 20, 2018 2018-P-12/24-2-(NPA).

2. The board of directors of the banks granting the group loans bears responsibility for timely and proper execution of Item 61-2-1 of 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.

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