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RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of December 28, 2020 No. 2020-P-33/75-4-(NFKU)

About approval of the Provision "About Classification of Assets and Forming of Reserves on Covering of Potential Losses and Losses by Non-bank Financial Credit Institutions"

According to articles 20 and 68 of the Law of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic, banks and banking activity" the Board of National Bank of the Kyrgyz Republic decides:

1. Approve the Provision "About Classification of Assets and Forming of Reserves on Covering of Potential Losses and Losses by Non-bank Financial Credit Institutions" it (is applied).

2. Declare invalid:

1) the resolution of Board of National Bank of the Kyrgyz Republic "About the Provision "About the General Principles of Classification of Assets and Forming of Reserves on Covering of Potential Losses and Losses by the Microfinancial Organizations in the Kyrgyz Republic Which Do not Have the Right to Implementation of Acceptance of Deposits from Physical Persons and Legal Entities" of October 22, 2003 No. 31/3;

2) the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Classification of the Credits in Credit Unions and the Housing and Savings Credit Companies" of April 12, 2006 No. 10/6;

3) the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Classification of Assets and the Corresponding Allocations to Reserve on Covering of Potential Losses and Losses in the Credit Unions Performing Transactions according to the Islamic Principles of Banking and Financing" of April 23, 2014 No. 16/3;

4) the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Provision "About Classification of Assets and the Corresponding Allocations to Reserve on Covering of Potential Losses and Losses by the Microfinancial Organizations Performing Transactions according to the Islamic Principles of Banking and Financing" of September 24, 2014 No. 42/8;

5) in 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 May 18, 2012 No. 19/7:

- paragraphs the third and fifth Item 1 of the resolution;

- appendix Items 2 and 3;

6) in 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 October 31, 2012 No. 41/10:

- paragraphs the third and fifth Item 1 of the resolution;

- appendix Items 2 and 3;

7) in 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 27, 2013 45/16:

- paragraph the fifth Item 1 of the resolution;

- appendix item 4;

8) in 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 April 15, 2015 No. 22/7:

- paragraphs two, the fifth and eighth Item 1 of the resolution;

- Items 1, 4 and 7 appendices;

9) in 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 2, 2015 No. 65/1:

- paragraphs third, the fourth, fifth and sixth Item 1 of the resolution;

- Items 2, 3, 4 and 5 appendices;

10) in 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 May 31, 2017 No. 21/10:

- paragraphs the ninth and tenth Item 1 of the resolution;

- appendix Items 8 and 9;

11) in 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 and recognition voided some regulatory legal acts of National Bank of the Kyrgyz Republic" of June 15, 2017 No. 2017-P-12/25-12-(NPA):

- subitems the eighteenth and thirty first Item 1 of the resolution;

- appendix Items 18 and 31;

12) in 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 May 30, 2018 No. 2018-P-12/20-2-(NFKU):

- paragraphs two, the third, fourth and fifth Item 1 of the resolution;

- Items 1, 2, 3 and 4 appendices;

13) in 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 November 1, 2019 No. 2019-P-33/55-3-(NFKU):

- paragraph the fourth Item 1 of the resolution;

- Item 3 appendices;

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