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RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of March 30, 2020 No. 2020-P-12/19-1-(BS)

About operating procedure and regulations of activities of banks, non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic, in case of introduction in certain territories of the Kyrgyz Republic of emergency state in connection with spread of coronavirus of COVID-19

(as amended on 27-01-2021)

Board of National Bank of the Kyrgyz Republic according to Presidential decrees of the Kyrgyz Republic "About introduction of emergency state in the territory of the city of Jalal-Abad and Suzaksky district of the Jalal-Abad region of the Kyrgyz Republic" of March 24, 2020 No. 57, "About introduction of emergency state in the territory of the city of Osh, Nookatsky and Cara-Suysky districts of the Osh region of the Kyrgyz Republic" of March 24, 2020 No. 56, "About introduction of emergency state in the territory of the city of Bishkek of the Kyrgyz Republic" of March 24, 2020 No. 55, being guided by article 20 and 68 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic, banks and banking activity", decides:

1. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 27.01.2021 No. 2021-P-12/4-6-(NPA)

2. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 27.01.2021 No. 2021-P-12/4-6-(NPA)

3. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 27.01.2021 No. 2021-P-12/4-6-(NPA)

4. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 27.01.2021 No. 2021-P-12/4-6-(NPA)

5. Bring in the resolution of Board of National Bank of the Kyrgyz Republic "About operating procedure and regulations of activities of banks, non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic, in case of introduction in the territory of the Kyrgyz Republic of emergency situation in connection with spread of coronavirus of COVID-19" of March 23, 2020 No. 2020-P-12/14-1-(BS) the following change:

in Measures for risk minimization in activities of commercial banks, non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic, in case of threat of mass infection of the population in the conditions of emergency situation in connection with epidemic of infectious diseases and methods of implementation of complex of the actions applied to, in time and/or after emergence of threat of mass infection of personnel for ensuring functioning of critical business processes of banks of non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic and providing their realization, approved by the above-stated resolution:

state Item 13 in the following edition:

"13. Banks need to provide activities of the isolated structural divisions taking into account possibility of ensuring access of the population to banking/payment services in each specific settlement.

The decision on closing/suspension of operations of the isolated structural division of bank (branches, savings banks, etc.) shall be previously approved with National Bank.

At the same time in case of closing/suspension of operations of the isolated structural division of the bank (branches, savings banks, etc.) connected with closing of the room (shopping centers and others) in which they are, preliminary coordination is not required and banks need to inform without delay National Bank on the arisen situation on impossibility of implementation of activities with indication of the reasons.

The National Bank can forbid bank suspension activities/closing of the isolated structural division if, according to National Bank, suspension/closing of such isolated structural division creates conditions for impossibility of obtaining by the population of banking services.".

6. This resolution becomes effective from the date of its official publication and is effective before adoption of the relevant decision of Board of National Bank of the Kyrgyz Republic.

7. 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.

8. To management of methodology of supervision and licensing of banks, Management of payment service providers, Management of supervision of non-bank financial credit institutions to bring this resolution to the attention of commercial banks, OYuL "Union of Banks of Kyrgyzstan", OYuL "Association of the Microfinancial Organizations", the microfinancial organizations, credit unions, JSC Finance Company of Credit Unions, JSC Garantiyny fond, credit bureaus, payment institutes and operators of payment systems, all structural divisions, regional managements, representative office of National Bank in Batken Province.

9. To impose control of execution of this resolution on the board member of the National Bank of the Kyrgyz Republic supervising Management of methodology of supervision and licensing of banks.

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 30, 2020 No. 2020-P-12/19-1-(BS)

Measures for risk minimization in activities of commercial banks, non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic, in case of threat of mass infection of the population in the conditions of emergency state in connection with epidemic of infectious diseases and methods of implementation of complex of the actions applied to, in time and/or after emergence of threat of mass infection of personnel for ensuring functioning of critical business processes of banks of non-bank financial credit institutions and other legal entities, persons under surveillance to National Bank of the Kyrgyz Republic and providing their realization voided according to the Resolution of Board of National Bank of the Kyrgyz Republic of 27.01.2021 No. 2021-P-12/4-6-(NPA)

 

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