of February 22, 2017 No. 6/3
About the minimum size of the authorized capital of specialized financial credit institute JSC Finance Company of Credit Unions
1. Establish for JSC FKKS the minimum size of the authorized capital at the level of at least 300 million som since 2025.
2. To the board of directors of JSC FKKS:
- till March 15, 2017 to develop and provide the actions plan for 2017-2025 providing step-by-step increase in the minimum size of the authorized capital of JSC FKKS in Management of external supervision of National Bank of the Kyrgyz Republic;
- since 2017 annually together with the annual statement to provide in Management of external supervision the information on reduction of the minimum size of the authorized capital of JSC FKKS in compliance with the values established in the plan specified in this Item.
3. JSC FKKS is recommended to direct annually to increase in the authorized capital at least 75% of the net profit got by results of year before complete execution of the requirement of Item 1 of this Resolution.
4. Declare invalid the Resolution of Board of National Bank of the Kyrgyz Republic "About the minimum size of the capital (own means) of specialized financial credit institute JSC Finance Company of Credit Unions of December 12, 2012 No. 48/9.
5. To management of external supervision within 5 working days to bring this Resolution to the attention of JSC FKKS.
6. 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.
8. To impose control of execution of this Resolution on the board member of National Bank of the Kyrgyz Republic Dzhusupova T.Dzh.
Acting Chairman of the board of National Bank of the Kyrgyz Republic
Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
Database include more 38000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
If you cannot find the required document, or you do not know where to begin, go to Help section.
In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.
You also may open the section Frequently asked questions. This section provides answers to questions set by users.