RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of April 6, 2022 No. 2022-P-12/20-1-(NPA)

About modification of some regulatory legal acts 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. Make changes to the following resolutions of Board of National Bank of the Kyrgyz Republic (are applied):

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

- "About approval of the Instruction "About procedure for observance of limits of open foreign exchange position and open line item in precious metals commercial banks in the territory of the Kyrgyz Republic" of December 29, 2004 No. 36/13;

- "About the Instruction "About procedure for observance of limits of open foreign exchange position and open line item in precious metals the banks performing transactions according to the Islamic principles of banking and financing" of October 14, 2009 No. 41/4;

- "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 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. Recommend to commercial banks to provide the organization of internal management system for implementation of the analysis and monitoring of the re-structured credits, and also systems of efficiency evaluation of carrying out restructuring of credit portfolio, including conditions of change of the repayment schedule (payment deferral on the main amount and/or percent, etc.).

3. This resolution becomes effective since January 1, 2023.

4. Establish terms of entry into force of the following Sections of the periodic regulating bank statement from the date of entry into force of the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Calculation of Coverage Ratio of Liquidity of Commercial Banks" of December 27, 2019 No. 2019-P-12/68-4-(NPA):

- 14. Zh. Report on calculation of coverage ratio of liquidity;

- 14. H. Report on payment of coverage ratio of liquidity in foreign currency;

- 14. I. Report on observance of coverage ratio of liquidity;

- 14. K. The report on liquidity coverage ratio indicator in foreign currency.

5. 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.

6. 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 in Batken Province.

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

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of April 6, 2022 No. 2022-P-12/20-1-(NPA)

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

1. 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:

- state Item 4.5 in the following edition:

"4.5. In case of any discrepancies, mistakes, incomplete provision or incorrect filling of the PRBO forms, the relevant structural division of National Bank notifies bank on need of adjustment of the report with reflection in the financial reporting in the following terms:

- for the daily and weekly report - within 2 working days;

- for the monthly report - within 10 working days;

- for the quarterly report - within 10 working days;

- for the semi-annual report - within 15 working days;

- for the annual statement - within 30 working days.

The modified reports in electronic format signed by the digital signature of the responsible official shall be provided to National Bank: daily and weekly reports - within 2 working days, all other reports - within 5 working days.";

- in Appendix No. 1:

- add Section 6 with subsections D, E, Zh, Z and to state Item 10 of the table in the following edition:

"

";

- to state the Section 14 of Item 18 of the table in the following edition:

"

";

- to state the Section 16 of Item 20 of the table to the following edition:

"

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