RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 23, 2009 No. 50/7

About approval of the Provision "About the Minimum Requirements on Credit Risk Management in Credit Unions"

According to article 43 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic", the Board of National Bank of the Kyrgyz Republic decides:

1. Approve the Provision "About the Minimum Requirements on Credit Risk Management in Credit Unions" it (is applied).

2. This resolution becomes effective after one month after official publication.

3. After official publication to send to Legal department 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.

4. To management of supervision of non-bank organizations to bring this resolution to the attention of structural divisions of National Bank of the Kyrgyz Republic, regional managements, the Batken representative office of National Bank of the Kyrgyz Republic and credit unions of the Kyrgyz Republic.

5. To impose control of execution of this resolution on the Board member of National Bank of the Kyrgyz Republic Alybayeva S. K.

Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of December 23, 2009 No. 50/7

Regulations on the minimum requirements on credit risk management in credit unions

1. General provisions

1.1. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 31.05.2017 No. 21/9

1.2. The purpose of this provision is determination of the minimum requirements to forming in credit unions of adequate management system credit risk.

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