RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of November 25, 1999 No. 67/14

About Regulations on creation of reserve on covering of potential credit and leasing losses and losses of NBKR

Having considered the project of new edition of the Regulations on creation of reserve on covering of potential credit and leasing losses and losses of National Bank of the Kyrgyz Republic, the Board of National Bank of the Kyrgyz Republic decides:

1. Approve the new editorial office "Regulations on Creation of Reserve on Covering of Potential Credit and Leasing Losses and Losses of National Bank of the Kyrgyz Republic", it (is applied) and enact it from the moment of signing.

2. To declare regulations on creation of reserve on the covering of potential credit and leasing losses and losses of National Bank of the Kyrgyz Republic approved by the Resolution of Board of NBKR No. 15/11 of July 18, 1997 invalid since November 25, 1999.

3. To impose control of execution of this resolution on Omorov Zh. D. - the vice-chairman of NBKR.

Approved by the Resolution of Board of National Bank of the Kyrgyz Republic No. 67/14 of November 25, 1999

Regulations on creation of reserve on covering of potential credit and leasing losses and losses of National Bank of the Kyrgyz Republic

I. General provisions

1.1. The purpose of creation of reserve on covering of potential credit and leasing losses and losses (in abbreviated form RPPU) is the timely covering of losses and losses on the assets bearing credit risks and according to off-balance obligations of National Bank of the Kyrgyz Republic (in further NBKR).

1.2. The reserve on covering of potential credit and leasing losses and losses represents the amount of possible losses on the main amount, the issued credits and other assets bearing in themselves credit risks (further in the text - risk assets) and to off-balance obligations of NBKR.

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