RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of January 31, 2007 No. 35

About approval of the Instruction about procedure for carrying out by National Bank of the Republic of Belarus for checks of banks and non-bank credit and financial organizations

Based on Articles 26, the Board of National Bank of the Republic of Belarus DECIDES: 34 Bank codes of the Republic of Belarus

1. Approve the enclosed Instruction about procedure for carrying out by National Bank of the Republic of Belarus for checks of banks and non-bank credit and financial organizations.

2. Recognize to invalid:

the resolution of Board of National Bank of the Republic of Belarus of March 30, 2000 No. 8.12 "About approval of the Instruction about procedure for the organization of checks of banks, their branches (departments), representations and non-bank credit and financial organizations" (The national register of legal acts of the Republic of Belarus, 2000, No. 41, 8/3332);

the resolution of Board of National Bank of the Republic of Belarus of December 27, 2000 No. 33.13 "About modification and amendments in the Instruction about procedure for the organization of checks of banks, their branches, representations and non-bank financial organizations approved by the resolution of Board of National Bank of the Republic of Belarus of March 30, 2000 No. 8.12" (The national register of legal acts of the Republic of Belarus, 2001, No. 17, 8/4774);

the resolution of Board of National Bank of the Republic of Belarus of April 28, 2001 No. 104 "About modification and amendments in the Instruction about procedure for the organization of checks of banks, their branches (departments), representations and non-bank credit and financial organizations approved by the resolution of Board of National Bank of the Republic of Belarus of March 30, 2000 No. 8.12" (The national register of legal acts of the Republic of Belarus, 2001, No. 52, 8/6064);

the resolution of Board of National Bank of the Republic of Belarus of April 25, 2002 No. 80 "About modification and amendments in the resolution of Board of National Bank of the Republic of Belarus of March 30, 2000 No. 8.12" (The national register of legal acts of the Republic of Belarus, 2002, No. 57, 8/8105).

Approved by the Resolution of Board of National Bank of the Republic of Belarus of January 31, 2007 No. 35

The instruction about procedure for carrying out by National Bank of the Republic of Belarus for checks of banks and non-bank credit and financial organizations

Chapter 1. General provisions

1. The instruction about procedure for carrying out by National Bank of the Republic of Belarus for checks of banks and non-bank credit and financial organizations (further - the Instruction) is developed according to Articles 26, 34 Bank codes of the Republic of Belarus and establishes rules of the organization and carrying out by National Bank the Republic of Belarus (further - National Bank) checks of banks and the non-bank credit and financial organizations (further - bank) for the purpose of maintenance of banking system stability of the Republic of Belarus and depositor protection and other creditors of banks.

2. For the purposes of this Instruction the terms below are used in the following values:

2.1. structural divisions of bank - the generalizing concept of the relation of branches (departments) of bank, the representative offices of bank located in the territory of the Republic of Belarus, the centers of the banking services, payment processing centers and other structural divisions of bank, its branch (department) which do not have separate balance;

2.2. the curator of bank - the employee of management of remote supervision of head department of banking supervision of National Bank (daleeupravleniye of remote supervision) to whose job responsibilities implementation of the analytical, regulating and supervising functions in relation to the checked bank belongs;

2.3. quantitative factors of risk assessment - the tools of assessment of risk degree having numerical expression and actually reflecting extent of accomplishment by bank of standard rates of safe functioning, limits of transactions and risks, planned targets and other restrictions set by local regulatory legal acts of bank;

2.4. high-quality factors of risk assessment - the tools of quality evaluation of risk management reflecting accomplishment of the legislation of the Republic of Belarus by bank, local regulatory legal acts of bank;

2.5. credit portfolio - set of the requirements of bank which resulted from loan granting, issue (sale) of bills of exchange with payment deferral, implementation of finance lease (leasing), financing under concession of monetary claim (factoring), execution by banks of the issued obligations for the third parties, implementation of other transactions subject to credit risk including transactions on provision of interbank credits, placement of interbank deposits, acquisition of the securities withheld before repayment;

2.6. troubled assets (contingent obligations) - the debt subject to credit risk, and the contingent obligations classified by III, IV, V risk groups and also the securities classified by II, III, IV risk groups according to requirements of the Instruction about procedure for forming and use by banks and the non-bank credit and financial organizations of special reserves of covering of possible losses for the assets and transactions which are not reflected in balance, the Republic of Belarus approved by the resolution of Board of National Bank of September 28, 2006 No. 138 (The national register of legal acts of the Republic of Belarus, 2006, No. 184, 8/15214).

3. The terms "credit risk", "market risk", "interest risk", "currency risk", "equity risk", "commodity risk", "operational risk" have the values determined by the Instruction about standard rates of safe functioning for banks and the non-bank credit and financial organizations approved by the resolution of Board of National Bank of the Republic of Belarus of September 28, 2006 No. 137 (The national register of legal acts of the Republic of Belarus, 2006, No. 186, 8/15213).

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