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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of February 25, 2013 No. 68

About approval of Rules of determination of aggregative indicator, settlement indicator and its size, the bases and procedure for forgiveness of bad debt on the credit (I will borrow) also establishment of the maximum size of ratio of total amount of the forgiven bad debt on the credits (loans) to aggregative indicator

According to the Law of the Republic of Kazakhstan of December 26, 2012 "About modification and amendments in some legal acts of the Republic of Kazakhstan on the tax matters" the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Approve the enclosed Rules of determination of aggregative indicator, settlement indicator and its size, the bases and procedure for forgiveness of bad debt on the credit (I will borrow).

2. Establish the maximum size of ratio of total amount of the forgiven bad debt on the credits (loans) to aggregative indicator 0,1 equal to coefficient.

3. This resolution becomes effective after ten calendar days after day of its first official publication, extends to the relations which arose since January 1, 2013 and is effective till January 1, 2014.

Provisions of this resolution extend to the credits issued till January 1, 2012.

 

Chairman of National Bank

G. Marchenko

It is approved:

Ministry of Finance of the Republic of Kazakhstan

Minister B. Zhamishev

March 19, 2013

 

Approved by the resolution of Board of National Bank of the Republic of Kazakhstan of February 25, 2013 No. 68

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