RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of July 4, 2012 No. 28/7

About approval of "Operating procedure of the commercial banks and other financial credit institutions licensed and regulated by National Bank of the Kyrgyz Republic with mortgage property"

According to articles 7 and 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 operating procedure of the commercial banks and other financial credit institutions licensed and regulated by National Bank of the Kyrgyz Republic with mortgage property" (is applied).

2. To legal Management:

- publish this resolution on the official site of National Bank of the Kyrgyz Republic and in the "Regulations of National Bank of the Kyrgyz Republic" magazine;

- after official publication to send 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.

3. This resolution becomes effective after 15 days after official publication.

4. To management of methodology of supervision and licensing to bring this resolution to the attention of commercial banks, Associations of the microfinancial organizations, National union of credit unions and cooperatives of Kyrgyzstan, Association of credit unions and cooperatives of Kyrgyzstan and OSOO "Finance Company on Support and Development of Credit Unions in the Kyrgyz Republic".

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Chokoyev Z. L.

Approved by the Resolution of Board of National Bank of the Kyrgyz Republic of July 4, 2012, No. 28/7

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