RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF KAZAKHSTAN

of December 19, 2015 No. 223

About modification and amendments in the resolution of Board of National Bank of the Republic of Kazakhstan of May 27, 2013 No. 137 "About approval of Rules of forming by banks of the second level of dynamic reserve and establishment of the minimum size of dynamic reserve, the size of expected losses"

For the purpose of enhancement of regulatory legal acts of the Republic of Kazakhstan the Board of National Bank of the Republic of Kazakhstan DECIDES:

1. Bring in the resolution of Board of National Bank of the Republic of Kazakhstan of May 27, 2013 No. 137 "About approval of Rules of forming by banks of the second level of dynamic reserve and establishment of the minimum size of dynamic reserve, the size of expected losses" (registered in the Register of state registration of regulatory legal acts at No. 8591, the following changes and the amendment published on September 6, 2013 in the Yuridicheskaya Gazeta newspaper No. 134 (2509)):

change is made to heading in in Kazakh, the text in Russian does not change;

change is made to Item 2 in Kazakh, the text in Russian does not change;

in the Rules of forming by banks of the second level of dynamic reserve approved by the specified resolution (further - Rules):

Item 2 to state in the following edition:

"2. If other is not established in Item 2-2 of Rules, the size of dynamic reserve for the end of reporting quarter is calculated by the following formula:

Paragraphs of the sixth are not valid from January 1, 2017

where:

DRK - dynamic reserve for the end of reporting quarter;

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