RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of June 15, 2017 No. 2017-P-12/25-4

About the Provision "About the Corrective Actions Applied to the Banks Licensed by National Bank of the Kyrgyz Republic"

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

1. Approve the Provision "About the Corrective Actions Applied to the Banks and Some Other Financial Credit Institutions Licensed by National Bank of the Kyrgyz Republic" it (is applied).

2. Recognize invalid:

- Resolution Boards of National Bank of the Kyrgyz Republic "About approval of the Provision "About the Corrective Actions Applied to the Banks and Some Other Financial Credit Institutes Licensed by National Bank of the Kyrgyz Republic" of May 19, 2005 No. 16/2;

- The resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in the Provision "About the Corrective Actions Applied to the Banks and Some Other Financial Credit Institutes Licensed by National Bank of the Kyrgyz Republic" of May 19, 2005 No. 16/2" of September 6, 2006 No. 25/4;

- The resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in the Provision "About the Corrective Actions Applied to the Banks and Some Other Financial Credit Institutes Licensed by National Bank of the Kyrgyz Republic" of May 19, 2005 No. 16/2" of November 29, 2006 No. 37/5;

- Item III of Appendix to the Resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of March 28, 2007 No. 16/4;

- The resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in the resolution of Board of National Bank of the Kyrgyz Republic of May 19, 2005 No. 16/2 "About approval of the Provision "About the Corrective Actions Applied to the Banks and Some Other Financial Credit Institutes Licensed by National Bank of the Kyrgyz Republic" of December 23, 2008 No. 49/6;

- The resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in the Resolution of Board of National Bank of the Kyrgyz Republic of May 19, 2005 No. 16/2 "About approval of the Provision "About the Corrective Actions Applied to the Banks and Some Other Financial Credit Institutes Licensed by National Bank of the Kyrgyz Republic", registered in the Ministry of Justice of the Kyrgyz Republic on June 24, 2005, registration number 78-05" of March 31, 2010 No. 9/2;

- item 4 of the Resolution of Board of National Bank of the Kyrgyz Republic "About entering of amendments into some regulatory legal acts of National Bank of the Kyrgyz Republic" of December 16, 2010 No. 91/7 and item 4 of Appendix to the specified Resolution;

- Item 8 of Appendix to the Resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of April 25, 2012 No. 18/9;

- Item 6 of Appendix to the Resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of November 16, 2012 No. 43/1;

- paragraph two of Item 1 of the Resolution of Board of National Bank of the Kyrgyz Republic "About modification of some regulatory legal acts of National Bank of the Kyrgyz Republic" of December 21, 2012 No. 50/13 and Item I of Appendix to the specified Resolution;

- item 4 of Appendix to the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of September 25, 2013 No. 35/16;

- paragraph two of Item 1 of the Resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulatory legal acts of National Bank of the Kyrgyz Republic" of February 19, 2014 No. 4/5 and Item 1 of Appendix to the specified Resolution;

- paragraph two of Item 1 of the Resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some resolutions of Board of National Bank of the Kyrgyz Republic" of June 24, 2015 No. 35/7 and Item I of Appendix to the specified Resolution;

- the paragraph of the eighth of Item 1 of the Resolution of Board of National Bank of the Kyrgyz Republic "About entering of amendments and changes into some resolutions of Board of National Bank of the Kyrgyz Republic" of February 5, 2016 No. 5/1 and Item 7 of Appendix to the specified Resolution;

- the paragraph the fifteenth Item 1 of the Resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some resolutions of Board of National Bank of the Kyrgyz Republic" of February 10, 2016 No. 7/2 and Item 14 of Appendix to the specified Resolution;

- Item 1 paragraph two to the Resolution of Board of National Bank of the Kyrgyz Republic "About entering of amendments and changes into some resolutions of Board of National Bank of the Kyrgyz Republic" of April 27, 2016 No. 19/5 and Item 1 of Appendix to the specified Resolution.

3. This Resolution becomes effective since June 22, 2017.

4. 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.

5. To management of methodology of supervision and licensing to bring this Resolution to the attention of commercial banks, National bank of development, specialized financial credit institute JSC Finansovoy kompanii creditnykh soyuzov, structural divisions, regional managements and representative office of National Bank of the Kyrgyz Republic in Batken Province.

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

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of June 15, 2017 No. 2017-P-12/25-4

Regulations on the corrective actions applied to the banks licensed by National Bank of the Kyrgyz Republic

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