RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of January 10, 2017 No. 11

About some questions of forming by banks, "Development Bank of the Republic of Belarus" open joint stock company 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 four paragraph two 34, the Board of National Bank of the Republic of Belarus DECIDES: parts one of article 39 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 subitem 14-1.1 of Item 14-1 of the Instruction on procedure for forming and use by banks, "Development Bank of the Republic of Belarus" open joint stock company 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, the Republic of Belarus approved by the resolution of Board of National Bank of September 28, 2006 No. 138 (The national register of legal acts of the Republic of Belarus, 2006, No. 184, 8/15214; 2011, No. 123, 8/24309), following amendments and change:

the fifth parts one to add the paragraph with the words "taking into account the features established by parts two and third this subitem";

after part one to add the subitem with parts of the following content:

"Assessment of sufficiency of receipts in foreign currency for timely and complete debt repayment in foreign currency is carried out by bank based on calculation of the entering and proceeding cash flows of the debtor at least once in six months taking into account the following features:

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