Resolution of Board of National Bank of the Kyrgyz Republic "About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic"

RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of August 21, 2024 No. 2024-P-12/37-1-(NPA)

About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic

According to Articles 5, "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides 9 and 64 constitutional Laws of the Kyrgyz Republic:

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

- "About approval of the Provision "About the Periodic Regulating Report of the Microcredit Company / Mikrocreditnogo Agencies" and the Provision "About the Periodic Regulating Report of Microfinance Company" of May 27, 2009 No. 25/3;

- "About approval of provisions of National Bank of the Kyrgyz Republic" of October 17, 2014 No. 45/1.

2. This resolution becomes effective since January 1, 2025.

3. To legal management:

- from the date of receipt of the relevant documents within 3 (three) working days to 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 inclusion in the State register of regulatory legal acts of the Kyrgyz Republic.

4. To management of methodology of supervision within 3 (three) working days from the date of official publication to bring this resolution to the attention of JSC Finance Company of Credit Unions, Consolidation of legal entities "Association of the microfinancial organizations", Associations of legal entities "National association of credit unions and cooperatives", the microfinancial organizations, credit unions.

5. To department "Secretariat of Board" within 3 (three) working days to bring this resolution to the attention of management of supervision of the non-bank organizations, regional managements and Representative office of National Bank of the Kyrgyz Republic in Batken Province.

6. 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.

Chairman of National Bank of the Kyrgyz Republic

M. Turgunbayev

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of August 21, 2024 No. 2024-P-12/37-1-(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 approval of the Provision "About the Periodic Regulating Report of the Microcredit Company / Mikrocreditnogo Agencies" and the Provision "About the Periodic Regulating Report of Microfinance Company" of May 27, 2009 No. 25/3 the following changes:

in the Provision "About the Periodic Regulating Report of the Microcredit Company / Mikrocreditnogo Agencies" approved by the above-stated resolution:

in Appendix 2:

in subsection "The operations statement, carried out on IPF" Section 1. "The regulating report on financial condition":

- in the Item 1 "Money on Accounts" to replace with the word "Deposits";

- in the subitem "v" of Item 1 to exclude the word "hasan";

- add Items 3 and 4 with subitems "in 1)" the following content:

"in 1) under the agreement the decreasing musharaka";

- add Items 3 and 4 with the subitem "zh" of the following content:

"g) under the agreement of cards";

- add item 4 with the subitem "z" of the following content:

"h) under the agreement of istisna";

Section 2 subsection "The Report on Profit and Losses on the Transactions Performed on IPF". State "comprehensive income statement" in the following edition:

"Section 2. Comprehensive income statement

The report on profit and losses on the transactions performed on IPF

one thousand som

№	Name of Article	Current period	Previous period
A. Income gained on transactions
1	Income on deposits in commercial banks
2	Income on the financing provided to FKO
	a) under the agreement limited mudaraba
	b) under the agreement unrestricted mudaraba
	c) under the agreement of ball / мушарака
	in 1) under the agreement the decreasing musharaka
	d) under the agreement of murabakh
	e) under the agreement of idzhara/idzhar мунтахийя биттамлик
	e) under the agreement fat
3	Income on the financing provided to clients
	a) under the agreement limited mudaraba
	b) under the agreement unrestricted mudaraba
	c) under the agreement of ball / мушарака
	in 1) under the agreement the decreasing musharaka
	d) under the agreement of murabakh
	e) under the agreement of idzhara/idzhar мунтахийя биттамлик
	e) under the agreement fat
	g) under the agreement of istisna
4	Income on the involved investments
5	Other incomes on transactions
6	In total
B. The expenses incurred on transactions
7	The expenses incurred on the received financing
8	The net income gained on transactions
9	Expenses on RPPU
10	The net income gained on transactions after contributions to RPPU
B. The income on other transactions
11	Service fee and sales charges
12	Income/losses from exchange difference
13	Other incomes:
14	In total
G. Operating expenses and expenses on charity
15	Losses from exchange difference
16	Operating expenses
17	Takaful
18	Taxes
19	In total
20	Expenses on RPPU (not from financing transactions)
21	Profit (loss) before tax payment
22	Income tax
23	Expenses on zakit also charity
24	Net profit (losses)

Head of executive body	_______________________	___________________
	FULL NAME	signature

Chief accountant	_______________________	___________________
	FULL NAME	signature";

subsection A-1. "Classification of assets by IPF by risk degree" of Section 3. "Information on assets" to state in the following edition:

"3. Information on assets

A-1. Classification of assets by IPF by risk degree

one thousand som

Article

In total

Flowing (not overdue assets)

The restructured assets

In total overdue assets

Normal

Assets under observation

Substandard

Doubtful

Losses

In total assets in the status of not charge

"General" reserves

"Special" reserves

in total

10%

in total

15%

25%

7.1

7.2

8.1

8.2

1. Financing and other transactions with banks and financial credit institutions

a) settlement and other accounts in banks and financial credit institutions

b) the financing provided to financial credit institutions

2. The financing provided to clients

a) industry

b) agricultural industry

c) procurement and conversion

d) trading and commercial activities

e) services

e) transport

g) communication

h) construction and purchase of the real estate (housing)

i) physical persons

j) others

3. IN TOTAL

For information only: the restructured assets, all (quantity)

Head of executive body	_______________________	___________________
	FULL NAME	signature

Chief accountant	_______________________	___________________
	FULL NAME	signature".

2. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About the Periodic Regulating Report Microcredit Companies / Mikrocreditnogo Agencies" and the Provision "About the Periodic Regulating Report of Microfinance Company" of May 27, 2009 No. 25/3 the following changes:

in the Provision "About the Periodic Regulating Report of Microfinance Company" approved by the above-stated resolution:

in Appendix 2:

in the subsection V-2. "The operations statement, performed on IPF" Section 1. "The regulating report on financial condition":

- in the subitem "v" of Item 3, in the subitem "zh" of Item 5, in the subitem "zh" of Item 6 to exclude the word "hasan";

- 3, 5 and 6 to add Items with subitems "in 1)" the following content:

"in 1) under the agreement the decreasing musharaka";

- add Item 6 with the subitem "з)" the following content:

"h) under the agreement of istisna";

- in Items 13 and 14 of the word "accounts" shall be replaced with words "deposits";

subsection E. "The report on profit and the losses on transactions performed on IPF" Section 2. State "comprehensive income statement" in the following edition:

"Section 2. Comprehensive income statement

E. The report on profit and losses on the transactions performed on IPF

one thousand som

№	Name of Article	current period	since the beginning of year
A. Income gained on transactions
1	Income on deposits in commercial banks
	a) under the agreement limited mudaraba
	b) under the agreement unrestricted mudaraba
	c) under the agreement of cards
2	Income on securities
3	Income gained on the financing provided to FKO:
	a) under the agreement limited mudaraba
	b) under the agreement unrestricted mudaraba
	c) under the agreement of ball / мушарака
	in 1) under the agreement the decreasing musharaka
	d) under the agreement of murabakh
	e) under the agreement of idzhara/idzhar мунтахийя биттамлик
	e) under the agreement fat
	g) under the agreement of cards
4	Income gained on the financing provided to other clients including:
	a) under the agreement limited mudaraba
	b) under the agreement unrestricted mudaraba
	c) under the agreement of ball / мушарака
	in 1) under the agreement the decreasing musharaka
	d) under the agreement of murabakh
	e) under the agreement of idzhara/idzhar мунтахийя биттамлик
	e) under the agreement fat
	g) under the agreement of cards
	h) under the agreement of istisna
5	Income on the involved investments
6	The other incomes gained from financing transactions
7	In total
B. The expenses incurred on transactions
8	Expenses, on term deposits of legal entities
	a) under the agreement limited mudaraba
	b) under the agreement unrestricted mudaraba
9	Expenses, on term deposits of physical persons
	a) under the agreement limited mudaraba
	b) under the agreement unrestricted mudaraba
10	Expenses on the financing received from banks
11	Expenses on the financing received from other financial institutions
12	Expenses on the financing received from the international financial institutions (other sources of financing)
13	Expenses on the means borrowed by IFC from legal entities and founders (shareholders)
	a) expenses on the financing provided to IFC from founders (shareholders) - physical persons
	b) expenses on the financing provided to IFC from founders (shareholders) - legal entities
14	Other expenses
15	In total
16	Net income from transactions
17	Expenses on RPPU
18	Net income after contributions to RPPU
B. Other incomes on transactions
19	Commission charges and payment for services
20	Income from exchange difference
21	Other income
22	In total
G. Operating expenses and expenses on charity
23	Expenses on payment for services and sales charges
24	Losses from exchange difference
25	Operating expenses

Document in demo-mode!

Full text is available after subscription.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.