RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of March 23, 2022 No. 2022-P-12/17-4-(NPA)

About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic in the field of financial accounting

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 Instruction for determination of standards of sufficiency (adequacy) of the capital of commercial banks of the Kyrgyz Republic" of July 21, 2004 No. 18/2;

- "About some regulatory legal acts of National Bank of the Kyrgyz Republic" of August 25, 2005 No. 26/5;

- "About approval of the Chart of accounts of financial accounting in commercial banks and other financial credit institutions of the Kyrgyz Republic" of May 30, 2007 No. 28/3;

- "About approval of the Regulations on requirements to the Chart of accounts of financial accounting in commercial banks and other financial credit institutions of the Kyrgyz Republic" of December 20, 2007 No. 54/9;

- "About approval of the Provision "About Requirements to Forming of the Financial Reporting of Commercial Banks of the Kyrgyz Republic" of March 12, 2010 No. 6/2;

- "About some regulatory legal acts of National Bank of the Kyrgyz Republic" of September 14, 2011 No. 52/4;

- "About approval of the Provision "About the Consolidated Supervision" and the Provision "About the Periodic Regulating Consolidated Statements" of June 28, 2019 No. 2019-P-12/34-4-(NPA).

2. This resolution becomes effective after 15 days from the date of official publication.

3. To legal management:

- publish this resolution on the official website of National Bank of the Kyrgyz Republic;

- after official publication to send this resolution to the Ministry of Justice of the Kyrgyz Republic for entering into the State register of regulatory legal acts of the Kyrgyz Republic.

4. To management of methodology of supervision and licensing of banks to bring this resolution to the attention of OYuL "Union of Banks of Kyrgyzstan", commercial banks, JSC Finance Company of Credit Unions, JSC Garantiyny fond, the relevant structural divisions, regional managements, representative offices of National Bank of the Kyrgyz Republic in Batken Province.

5. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising management of methodology of supervision and licensing of banks.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of March 23, 2022 No. 2022-P-12/17-4-(NPA)

Changes in some regulatory legal acts of National Bank of the Kyrgyz Republic in the field of financial accounting

1. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Instruction for determination of standards of sufficiency (adequacy) of the capital of commercial banks of the Kyrgyz Republic" of July 21, 2004 No. 18/2 the following changes:

in the Instruction for determination of standards of sufficiency (adequacy) of the capital of commercial banks of the Kyrgyz Republic approved by the above-stated resolution:

- to state the first paragraph of Item 7.3 in the following edition:

"7.3. Names of the majority of statement items completely correspond to names of separate accounts or account groups of the Chart of accounts of financial accounting in the commercial banks and financial credit institutions licensed by National Bank. However filling of individual clauses has some features. So, in each Article of part "Securities portfolio" (Article 130-230) nominal value of the corresponding type of securities taking into account discounts/awards and fair value adjustment, irrespective of their classification is specified. For example, in the article 130 "The Securities Issued by the Government of the Kyrgyz Republic and/or National Bank" the amount of nominal value of the securities issued by the Government of the Kyrgyz Republic and/or National Bank taking into account the discounts/awards and fair value adjustment classified as the securities estimated on depreciated cost is specified; the securities estimated at fair value through profit and loss; the securities estimated at fair value through other comprehensive income.";

- add with Item 8.1-1:

"8.1-1. For calculation of the amount of dividends the bank shall use the smallest of the sizes of net profit calculated according to IFRS and prudential requirements.";

- the third offer of Item 8.4 to state in the following edition:

"Plans of bank for payment due dates of dividends, the indicators of net profit calculated according to IFRS and prudential requirements and calculations for observance of economic standard rates, and also the "capital buffer" index calculated taking into account the planned payment of the amount of dividends shall be attached to documents.".

2. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About some regulatory legal acts of National Bank of the Kyrgyz Republic" of August 25, 2005 No. 26/5 the following changes:

in Regulations on the Periodic regulating bank statement approved by the above-stated resolution:

- in Appendix 2:

to state subsection A of the Section 2 "Profit and loss statement" in the following edition:

"(one thousand som)

";

- state Section 5 in the following edition:

"Section 5. Securities portfolio

(one thousand som)

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