RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 2, 2015 No. 74/4

About entering of amendments into the resolution of Board of National Bank of the Kyrgyz Republic "About approval of Provisional regulations "About the credit for liquidity maintenance" of September 3, 2015 No. 50/1

According to articles 28 and 43 of the Law "About National Bank of the Kyrgyz Republic" 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 Provisional regulations "About the credit for liquidity maintenance" of September 3, 2015 No. 50/1 of amendment (are applied).

2. To legal management of National Bank:

- 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.

3. This resolution becomes effective from the date of its official publication.

4. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic N. Zhenish.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of December 2, 2015 No. 74/4

Amendments in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of Provisional regulations "About the credit for liquidity maintenance" of September 3, 2015 No. 50/1

Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of Provisional regulations "About the credit for liquidity maintenance" of September 3, 2015 amendment No. 50/1sleduyushchiye:

in Provisional regulations "About the credit for liquidity maintenance", approved by the above-stated resolution:

- add Item 17 with the offer of the following content:

"Standard forms of the Agreement, Credit agreement of issue of credit/tranche and agreements of pledge are given in Appendices";

- Add provisional regulations with Appendices 1, of 2, of 3, of 4, 5 following contents:

"Appendix 1

Agreement on opening of credit line

Bishkek No. ________ from __________

The National Bank of the Kyrgyz Republic, hereinafter referred to as "National Bank", on behalf of ______________, the acting on the basis of the Law "About National Bank of the Kyrgyz Republic" and the resolution of Board of National Bank from _____________ years No. _____, on the one hand, and __________, hereinafter referred to as "Bank", on behalf of ______________, acting on the basis of the Charter, on the other hand, further jointly referred to as "Parties", signed this agreement about opening of credit line (further - the Agreement) as follows:

1. Terms and determinations

For the purposes of this agreement following terms are used.

Crediting limit - the size of total amount established according to limiting this agreement within which the Bank during action of this agreement, has the right to receive credits/tranches in case of observance of the Main requirements.

The main requirements - the requirements established by Provisional regulations "About the credit for liquidity maintenance", the approved resolution of Board of National Bank of the Kyrgyz Republic from ___________ years No. _____.

The period of availability of crediting limit - period of time from the moment of the signature of this agreement on __________ year inclusive during which the Bank has the right to receive credits/tranches within open credit line under this agreement.

Credit/tranche - the money provided by National Bank to Bank on the conditions provided by this agreement, in total amount, not exceeding the Crediting limit. Credits/tranches are provided according to Requests of Bank. Conditions of credits/trenches are determined by specific Credit agreements about issue of credit/tranche.

Free remaining balance of crediting limit - the cash amount on crediting limit which remained after the last issue of credit/tranche by National Bank to Bank and equal to difference crediting limit and between total amount issued, but outstanding (i.e. acting) credits/trenches in accordance with the terms hereof. The free remaining balance of crediting limit can be issued to Bank in the form of credit/tranche within its size and the period of availability of crediting limit, and also in case of sufficiency of mortgage providing.

The credit agreement about issue of credit/tranche - the agreement signed by the Parties within this agreement based on which the National Bank provides to Bank credit/tranche, and which is integral part of this agreement.

Date of provision of credit/tranche - day of transfer of the amount of credit/tranche to correspondent account of Bank in National Bank.

Repayment date of credit/tranche - day of cash receipt from Bank into the account of National Bank, in the amount covering amount of requirements of National Bank under this agreement and to Credit agreements about issue of credit/tranche including the amount of principal debt, the added percent on it and other payments, but not later ________________ years.

2. Subject of the agreement

2.1. The National Bank provides (opens) Jar credit line with crediting limit in the amount _________ (sum in words) of som on the terms of urgency, recoverability, the paid nature, security and other conditions determined by this agreement, and the Bank shall return to National Bank the received credits/tranches within open credit line and pay interest for using by them in the amount of, to terms and on the conditions provided by this agreement and Credit agreements about issue of credit/tranche.

2.2. The credit line with crediting limit is provided (opens) with ___________ years on __________ year upon termination of which the Bank shall repay completely the debt on the credits/tranches provided according to this agreement including the amount of principal debt, the added percent and other payments for credits/tranches.

2.3. Within the set crediting limit during the term of this agreement, but not later than the period of availability of crediting limit, the Bank has the right to receive the next credit / tranche within free remaining balance of crediting limit, on condition of observance of the main requirements of the moment of submission of the corresponding Request about issue of credit/tranche. Observance of the main requirements is confirmed by the relevant information and documents provided by Bank in National Bank at the time of application about issue of credit/tranche.

2.4. The remaining balance of debt of Bank on the received credits/tranches during all effective period of this agreement cannot exceed crediting limit, stipulated in Item 2.1 this agreements.

2.5. The borrowing facilities issued by National Bank to Bank within this agreement have purpose and shall be used by Bank on liquidity maintenance. At the same time the provided borrowing facilities first of all are allocated for satisfaction of requirements about return of deposits (deposits) of physical persons.

2.6. The bank has no right to use the borrowing facilities provided by National Bank for crediting, for carrying out transactions in the security market. The National Bank has the right to set restrictions for transactions with insiders or affiliates of Bank, including payment of deposits (deposits) to the physical persons and legal entities connected with Bank.

3. Procedure for issue of credits/trenches

3.1. For receipt of credit/tranche within credit line the Bank shall submit to National Bank the Application about issue of credit/tranche with indication of the amount, the term of credit/tranche and the list of the assets offered as providing on credit/tranche.

Documents and information on compliance of Bank to the main requirements shall be attached to the request of Bank about issue of credit/tranche.

3.2. The credit/tranche can be received with repayment period no more _____ months from the moment of the conclusion of this agreement.

3.3. Credits/tranches will be provided by National Bank to Bank with execution of the corresponding Credit agreements about issue of credit/tranche in which specific conditions of issue of credit/tranche will be stipulated: size (amount), term, interest rate, repayment provisions of the main amount and percent on credit/tranche, etc. In the specified Credit agreements about issue of credit/tranche the reference to this agreement shall be contained.

3.4. The bank shall observe all requirements of National Bank for submission of necessary documents for receipt of credit/tranche. The National Bank has the right to request additional documents and information concerning the request of Bank about issue of credit/tranche from Bank.

3.5. Provision of credit/tranche will be made by National Bank after studying of all required materials and documents which are directly concerning issue of credit/tranche according to the main requirements.

National Bank, having considered completeness, justification and compliance of the documents provided by Bank for issue of credit/tranche, makes the decision on provision or refusal in issue of credit/tranche, according to the internal procedures with observance of terms of this agreement.

3.6. The credit/tranche will be provided to Bank within 2 (two) working days after provision by Bank in National Bank of confirmation of the relevant authorized body about registration of the pledge agreement according to the signed Credit agreement about issue of credit/tranche. The credit/tranche can be issued to Bank before the end of procedures of registration of agreements of pledge in authorized bodies on board decision of National Bank.

4. Conditions of calculation, charge and interest payment for use of credit/tranche and other amounts

4.1. For use of the credits/tranches provided by National Bank the Bank shall pay to National Bank interests. Percent are charged on remaining balance of debt of Bank on the main amount of credit/tranche.

The interest rate of National Bank for the credit is fixed and is established in the amount of _____ annual interest rates

4.2. Charge and interest payment for use of credit/tranche is made on monthly basis.

4.3. Percent are charged from the date of provision of credit/tranche (including this day) before repayment date of the credit (not including this date) on the actual remaining balance of debt on credit/tranche at the rate of 360 days in year and the actual number of days in month.

4.4. Repayment of the main amount of debt on credit/tranche is made one-timely no later than the working day of the end of action of this agreement.

4.5. The payment procedure of principal debt and the added percent on the separate credits / tranches will be determined by separate Credit agreements about issue of credit/tranche.

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