RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of October 25, 2012 No. 536

About modification and amendments in the Instruction about procedure for forming and use by banks and non-bank credit and financial organizations of special reserves on covering of possible losses on the assets and transactions which are not reflected in balance

Based on Article part one 39, and in pursuance of paragraph two of article 4 of the Law of the Republic of Belarus of July 13, 2012 "About entering of amendments and changes into the Bank code of the Republic of Belarus" the Board of National Bank of the Republic of Belarus DECIDES: parts one of article 109 of the Bank code of the Republic of Belarus, subitem 3.6 of Item 3 of Article 132 and subitem 3.1 of Item 3 of article 133 of the Tax Code of the Republic of Belarus

1. Bring in the Instruction about procedure for forming and use by banks and non-bank credit and financial organizations of special reserves on covering of possible losses on the assets and transactions which are not reflected in balance approved by the resolution of Board of National Bank of the Republic of Belarus of September 28, 2006 No. 138 (The national register of legal acts of the Republic of Belarus, 2006, No. 184, 8/15214; 2008, No. 43, 8/18002; No. 201, 8/19322; 2009, No. 4, 8/20164; No. 240, 8/21468; 2011, No. 49, 8/23585; No. 123, 8/24309), following changes and amendments:

state Item 1 in the following edition:

"1. This Instruction is developed for the purpose of ensuring financial reliability of banks and non-bank credit and financial organizations (further - banks), timely and complete obligation fulfillment before the clients and other partners, implementation of proper risk management arising in activities, maintenance of the normative capital of bank at the level sufficient for compensation of risks, forming of loss reserve.";

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