RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of February 13, 2008 No. 6/3

About the minimum size of the authorized capital for again opened banks

For the purpose of strengthening of stability, safety and reliability of bank system, increase in trust of society to bank institutions, taking into account growth rates of assets of bank system, based on articles 31 and 43 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", articles 11 and 19 of the Law of the Kyrgyz Republic "About banks and banking activity in the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Establish the minimum size of the authorized capital for again opened commercial banks (including the requirement to the capital of branches of nonresident banks) in the amount of at least 600 million som.

2. Recognize invalid Item 1 of the resolution of Board of NBKR No. 61/1 of 20.09.1999. "About the minimum size of the authorized capital of commercial banks".

3. This resolution becomes effective after 15 days from the moment of official publication after state registration in the Ministry of Justice of the Kyrgyz Republic.

4. To management of methodology of supervision and licensing together with Legal department to carry out in accordance with the established procedure state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic.

5. To management of methodology of supervision and licensing to bring this resolution to the attention of commercial banks, regional managements and representation of NBKR in Batken Province.

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