RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of May 30, 2014 No. 24/7

About entering of amendment into the resolution of Board of National Bank of the Kyrgyz Republic "About approval of new edition of the Provision "About Classification of Assets and the Corresponding Allocations to Reserve on Covering of Potential Losses and Losses" of July 21, 2004 No. 18/3

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. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of new edition of the Provision "About Classification of Assets and the Corresponding Allocations to Reserve on Covering of Potential Losses and Losses" of July 21, 2004 No. 18/3 the following amendment:

in the Regulations on classification of assets and the corresponding allocations to reserve on covering of potential losses and losses approved by the above-stated resolution:

subitem 4.3.2 of Item 4.2. add with the paragraph the tenth the following content:

"-the size of regular payments in repayment by the borrower physical person, including individual entrepreneur without formation of legal entity, debts on foreign currency loan constitutes more than 40 percent from its comprehensive income for the same period, at the same time its comprehensive incomes in foreign currency constitute less than 50 percent from its comprehensive incomes.".

2. This resolution extends to again issued and restructured credits after entry into force of this resolution.

3. This resolution becomes effective after one month from the date of official publication.

4. To legal management:

- publish this resolution on the official site of National Bank of the Kyrgyz Republic;

- 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.

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