RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of March 31, 2022 No. 2022-P-12/19-4-(NPA)

About additional temporary solutions of National Bank of the Kyrgyz Republic concerning classification of assets of financial credit institutions

For the purpose of preserving stability in bank system of the country and according to Articles 20, "About National Bank of the Kyrgyz Republic, banks and banking activity" the Board of National Bank of the Kyrgyz Republic decides 68 and 87 Laws of the Kyrgyz Republic:

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

- Paragraph two of ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 28.09.2022 No. 2022-P-12/60-2-(NPA)

- "About approval of the Provision "About Classification of Assets and the Corresponding Allocations to Reserve on Covering of Potential Losses and Losses" of July 21, 2004 No. 18/3.

2. To the banks and non-bank financial credit institutions registered in the Kyrgyz Republic not to charge and not to levy commission and other payments on review of conditions of credit agreements in connection with changes of cash flows and financial position of borrowers in view of influence on their activities of negative effects of the external economic shock.

3. This resolution becomes effective from the date of its official publication and is effective before adoption of the relevant decision of Board of National Bank.

4. 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.

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