of March 24, 2020 No. 2020-P-09/15-9-(NPA)
About approval of Provisional regulations "About provision of the Kyrgyz Republic of the credits by National Bank to commercial banks for the purpose of mitigation of negative impacts of pandemic of COVID-19 in the Kyrgyz Republic"
According to Articles 20, "About National Bank of the Kyrgyz Republic, banks and banking activity" the Board of National Bank of the Kyrgyz Republic decides 53 and 68 Laws of the Kyrgyz Republic:
1. Approve Provisional regulations "About provision of the Kyrgyz Republic of the credits by National Bank to commercial banks for the purpose of mitigation of negative impacts of pandemic of COVID-19 in the Kyrgyz Republic" it (is applied).
2. To legal management:
- publish this resolution on the official website 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 official publication.
4. To management of monetary transactions to bring this resolution to the attention of commercial banks, relevant structural divisions of National Bank of the Kyrgyz Republic.
5. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising Management of monetary transactions.
Chairman of the board of National Bank of the Kyrgyz Republic
T. Abdygulov
Appendix
to the Resolution of Board of National Bank of the Kyrgyz Republic of March 24, 2020 No. 2020-P-09/15-9-(NPA)
1. These Provisional regulations "About provision of the Kyrgyz Republic of the credits by National Bank to commercial banks for the purpose of mitigation of negative impacts of pandemic of COVID-19 in the Kyrgyz Republic" (further - Provisional regulations) determine general terms and procedure for provision by National Bank of the Kyrgyz Republic (further - National Bank) the credit to the commercial bank of the Kyrgyz Republic having the license of National Bank (further - bank).
2. The loan is granted to bank in national currency on the terms of urgency, the paid nature, recoverability and security.
3. The loan is granted to bank for the purpose of the protection of integrity and ensuring banking system stability, prevention of systemic risk and depositor protection caused by external shocks and impact of pandemic of COVID-19 in the Kyrgyz Republic.
The loan is granted to bank for the purpose of observance of mandatory reserve requirements, accomplishment of economic and other standard rates of National Bank by banks, timely accomplishment of obligations to investors.
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The document ceased to be valid since December 19, 2022 according to Item 1 of the Resolution of Board of National Bank of the Kyrgyz Republic of December 14, 2022 No. 2022-P-09/78-13-(NPA)