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RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of June 15, 2016 No. 25/2

About modification and amendments in some resolutions of Board of National Bank of the Kyrgyz Republic

According to articles 7 and 43 of the Law "About National Bank of the Kyrgyz Republic" Board of National Bank of the Kyrgyz Republic decides:

1. Make changes and additions to the following resolutions of Board of National Bank of the Kyrgyz Republic (are applied):

- "About approval of the Provision "About the Periodic Regulating Report of the Microcredit Company / Mikrocreditnogo Agencies" and the Provision "About the Periodic Regulating Report of Microfinance Company" of May 27, 2009 No. 25/3;

- "About approval of provisions of National Bank of the Kyrgyz Republic" of October 17, 2014 No. 45/1;

- "About approval "Regulations of activities of the microfinance companies performing transactions by the Islamic principles of banking and financing" of May 30, 2014 No. 24/11;

- "About some regulatory legal acts of National Bank of the Kyrgyz Republic" of December 28, 2009 No. 51/6;

- "About Regulations of activities of microfinance companies in the territory of the Kyrgyz Republic" of February 19, 2003 No. 4/2.

2. This resolution becomes effective after fifteen days from the date of official publication, except for changes and amendments in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About the Periodic Regulating Report of the Microcredit Company / Mikrocreditnogo Agencies" and the Provision "About the Periodic Regulating Report of Microfinance Company" of May 27, 2009 No. 25/3, which become effective since October 1, 2016.

. 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.

3. To management of methodology of supervision and licensing to bring this resolution to the attention of the microfinancial organizations, OYuL "Association of Islamic Finance", Association of the microfinancial organizations, Ekoislamikbank Ltd, regional managements and representative office of National Bank of the Kyrgyz Republic in Batken Province.

4. To impose control of execution of this resolution on the board member of National Bank of the Kyrgyz Republic T.Dzh. Dzhusupova.

Chairman

T. Abdygulov

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of June 15, 2016 No. 25/2

Changes and amendments in some resolutions of Board of National Bank of the Kyrgyz Republic

1. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About the Periodic Regulating Report of the Microcredit Company / Mikrocreditnogo Agencies" and the Provision "About the Periodic Regulating Report of Microfinance Company" of May 27, 2009 No. 25/3 the following changes and amendments:

1) in the Provision "About the Periodic Regulating Report of the Microcredit Company / Mikrocreditnogo Agencies" approved by the above-stated resolution:

a) to add Item 1.2 after the words "extends to all MKK/MKA" with words ", including MKK/MKA, the performing transactions by the Islamic principles of banking and financing within "Islamic window" (further - IPF)";

b) State appendix 1 in the following edition:

"Appendix 1

to the Provision "About the Periodic Regulating Report of the Microcredit Company / Mikrocreditnogo Agencies" approved by the resolution of Board of National Bank of the Kyrgyz Republic of May 27, 2009 No. 25/3

"Structure of the periodic regulating report of the microcredit company / микрокредитного agencies


Section

Name

Frequency

Representation terms

Note or reference to the NPA

1


Title page

Quarter

within 20 calendar days following reporting quarter

It is applied to Sections

Annual

till the February 1 following after accounting year

2


Information about board members, Boards, main founders (shareholders) and members of Sharia Council of MKK/MKA

Annual

till the February 1 following after accounting year

It is applied to Sections

in case of changes within year

within 20 calendar days after acceptance of changes

3


Information on certain officials

Annual

till the February 1 following after accounting year

It is applied to Sections

in case of changes within year

within 10 calendar days after acceptance of changes

4


Basic information

Annual

till the February 1 following after accounting year

It is applied to Sections

in case of changes within year

within 10 calendar days after acceptance of changes

5

Section 1.

The regulating report on financial condition the Operations statement, performed on IPF

Quarter

within 20 calendar days following reporting quarter


Annual

till the February 1 following after accounting year

6

Section 2.

The comprehensive income statement the Report on profit and losses on the transactions performed on IPF

Quarter

within 20 calendar days following reporting quarter


Annual

till the February 1 following after accounting year

7

Section 3.

Information on assets And. Classification of assets by A-1 risk degree. Classification of assets by IPF by risk degree B. Credit methods of Century. Breakdown on industries and regions of V-1. Breakdown of portfolio on the financing provided on IPF, on industries and regions of. Information on the issued credits G-1. Information on the financing provided on IPF D. Information on problem borrowers E. Information on parallel loans. Information on amounts of the issued credits by industries and on regions Z. The restructured credits

Quarter

within 20 calendar days following reporting quarter


Annual

till the February 1 following after accounting year

8

Section 4.

Report on self-assessment

Annual

till the February 1 following after accounting year


9

Section 5.

Report on foreign assets and obligations

Quarter

within 20 calendar days following reporting quarter


Annual

till the February 1 following after accounting year

10

Section 6.

Disclosures And. Obligations of A-1. Obligations assumed on IPF B. Information under the terms of crediting of B-1. Information under the terms of financing on IPF B. About clients of MKK/MKA of G. O personnel of MKK/MKA D. Information on implementation of retail banking services on the agency agreement of banks E. Disaggregation on transactions of placement and investments. Currency transactions Z. The means borrowed from founders (shareholders)

Quarter

within 20 calendar days following reporting quarter


Annual

till the February 1 following after accounting year

11

Section 7.

Data on observance of economic standard rates of MKK

Quarter

within 20 calendar days following reporting quarter


Annual

till the February 1 following after accounting year

Note:

For "Islamic window" of MKK/MKA:

The borrower - the client to whom MKK/MKA provided financing according to the Islamic principles of banking and financing.

The credit - the money provided to clients according to the Islamic principles of banking and financing.

The creditor - person who provided MKK/MKA money by the Islamic principles of banking and financing.";

c) in Appendix 2:

- the Section "Title page" after the paragraph:

"The reporting organization: ___________________________________________________________________________________

                                                   ___________________________________________________________________________________

/ specify the name MKK/MKA large printing letters /" to add with the paragraph of the following content:

"_____________________ MKK/MKA performs transactions by the Islamic principles of banking and financing within "Islamic window" (further - IPF)";

- in the Section "Information about Board Members, Boards of MKK/MKA and Main Founders (Shareholders) of MKK/MKA" to state the name of the Section in the following edition:

"Information about board members, Boards, main founders (shareholders) and members of Sharia Council of MKK/MKA";

add the Section with the paragraph of the following content:

"Information about members of Sharia council

                                                                                                                                                              Place of employment

 

FULL NAME

 

Position

 

Phone

 

Specimen signature

1

 

 

 

 

 

 

 

2

 

 

 

 

 

 

 

3

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

5

 

 

 

 

 

 

 

6

 

 

 

 

 

 

 

7

 

 

 

 

 

 

 

8

 

 

 

 

 

 

 

9

 

 

 

 

 

 

 

10

 

 

 

 

 

 

 

                                                                                                                                                                                                                                                                                                                                                     ";

- the Section 1 "Regulating Report on Financial Condition" after words "The chief accountant: Full name:" to add the signature with the paragraph of the following content:

"Note:

For "Islamic window" of MKK/MKA:

The borrower - the client to whom MKK/MKA provided financing according to the Islamic principles of banking and financing.

The credit - the money provided to clients according to the Islamic principles of banking and financing.

The creditor - person who provided MKK/MKA money by the Islamic principles of banking and financing.";

add the Section with subsection of the following content:

"The operations statement, performed on IPF




one thousand som


Name of Article

In total

Foreign currency


A.Aktiva

1

Money on accounts in other banks and FKU, including:





a) under the agreement limited mudaraba





b) under the agreement not limited mudaraba





c) under the agreement of cards Hassan




2

Securities




3

The financing provided to FKU





a) under the agreement limited mudaraba





b) under the agreement unrestricted mudaraba





c) under the agreement of ball / мушарака





d) under the agreement of murabakh





e) under the agreement of idzhara/idzhar мунтахийя биттамлик





e) under the agreement fat




4

The financing provided to clients





a) under the agreement limited mudaraba





b) under the agreement unrestricted mudaraba





c) under the agreement of ball / мушарака





d) under the agreement of murabakh





e) under the agreement of idzhara/idzhar мунтахийя биттамлик





e) under the agreement fat




5

(Minus) RPPU




6

All financing (3 St +4st-5st)




7

Assets/stock for the subsequent transfer to the client:





a) real estate





b) personal estate




8

Other property, all (and +)





a) the real estate of the client accepted in repayment of the received financing





b) the other property of the client accepted in repayment of the provided financing




9

Other assets




10

In total assets




B. Obligations

1

The financing received from banks of the Kyrgyz Republic




2

The financing received from other FKU of the Kyrgyz Republic




3

The financing received from international financial institutions and donors




4

The financing received from the international FKU




5

Obligations to state bodies of the power




6

The means borrowed by MKK from legal entities and founders (shareholders)





a) the means borrowed by MKK from founders (shareholders) - physical persons





b) the means borrowed by MKK from founders (shareholders) - legal entities




7

Other




8

All obligation




B. Off-balance obligations

1

Obligations on financing provision




2

Currency transactions




3

Obligations on purchase of assets




4

Other off-balance obligations




5

In total off-balance obligations




G. Disaggregation of other assets and other obligations

1

Other assets





a) the income added to receipt of MKK and MKA





b) advance payment





c) obscure debit amounts





d) other other assets




2

Special RPPU on other assets




3

Net other assets




4

Other obligations





a) the income added to clients to payment





b) delayed income (markup)





c) obscure accounts payable





d) other other obligations










Head of executive body:

______

_________

 


F.I.O.

signature

Chief accountant:

______

_________


F.I.O.

signature";

- add the Section 2 "Comprehensive income statement" with subsection of the following content:

"The report on profit and losses on the transactions performed on IPF

Name of Article

Current period

Previous period

A. Income gained on transactions

1

Income on the money placed on accounts in commercial banks



2

Income on the financing provided to FKU




a) under the agreement limited mudaraba




b) under the agreement unrestricted mudaraba




c) under the agreement of ball / мушарака




d) under the agreement of murabakh




e) under the agreement of idzhara/idzhar мунтахийя биттамлик




e) under the agreement fat



3

Income on the financing provided to clients




a) under the agreement limited mudaraba




b) under the agreement unrestricted mudaraba




c) under the agreement of ball / мушарака




d) under the agreement of murabakh




e) under the agreement of idzhara/idzhar мунтахийя биттамлик




e) under the agreement fat



4

Other incomes on transactions



5

In total



B. The expenses incurred on transactions

6

The expenses incurred on the received financing



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