RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of November 18, 2022 No. 2022-P-12/71-1-(NPA)

About some temporary solutions of National Bank of the Kyrgyz Republic concerning issuance of credits to borrowers of Batken Province

For the purpose of preserving banking system stability and the non-bank sector, support to borrowers, and also creation of necessary conditions for recovery and development of the administrative and territorial units including damaged as a result of the armed conflict which took place in September, 2022 in Batken Province, considering the emergency mode introduced in Batken Province since September 16, 2022 based on the order of the plenipotentiary of the President of the Kyrgyz Republic in Batken Province No. 284-b and according to Articles 5, "About National Bank of the Kyrgyz Republic" the Board of National Bank of the Kyrgyz Republic decides 9 and 64 constitutional Laws of the Kyrgyz Republic:

1. Recommend:

- to commercial banks and microfinancial organizations:

1) in priority procedure to consider requests for receipt of the credits of the borrowers living and/or performing economic activity in Batken Province;

2) to review the internal procedures on issuance of credits and to consider the possibility to make corresponding changes regarding simplification and acceleration of procedures for issuance of credits to the borrowers living and/or performing economic activity in Batken Province including to use possibilities of automation of processes on receipt of necessary documents from borrowers through system of interdepartmental electronic interaction Tunduk;

- JSC Garantiyny fond:

1) in priority procedure to consider requests for issue of guarantees on the credits of the borrowers living and/or performing economic activity in Batken Province;

2) to review the internal procedures on issue of guarantees and to consider the possibility to make corresponding changes regarding simplification and acceleration of procedures for their issue on the credits of the borrowers living and/or performing economic activity in Batken Province;

3) to consider the possibility of provision of guarantees for providing the credits issued to the borrowers living and/or performing activities in Batken Province, on favorable terms including by the guarantee size.

2. Banks and the microfinancial organizations have the right to issue the credits to the borrowers living and/or performing economic activity in Batken Province on the basis of documents and/or information testimonial of their solvency.

3. Banks and the microfinancial organizations in case of issuance of credit, and also JSC Garantiyny fond in case of the issue of loan guarantees to the borrower living and/or performing economic activity in Batken Province, having the right not to demand from it the document of the established form, the issued by authorized body and confirmatory fact of passing of state registration (re-registration) (certificate) as the individual entrepreneur or the copy of the document confirming the occupation fact with business activity without state registration (patent) provided by requirements of regulatory legal acts of National Bank of the Kyrgyz Republic.

4. Banks and the microfinancial organizations have the right not to require submission by the legal entity and individual entrepreneur (resident) performing economic activity in Batken Province, to bank and the microfinancial organization of the document of body of Tax Service on the fact of tax registration of the taxpayer when opening the account for the purposes of receipt of the credit provided by the Instruction for the work with bank accounts, accounts on bank deposits (deposits) approved by the resolution of Board of National Bank of the Kyrgyz Republic of October 31, 2012 No. 41/12.

5. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 19.04.2023 No. 2023-P-12/25-2-(NPA)

6. Ceased to be valid according to the Resolution of Board of National Bank of the Kyrgyz Republic of 19.04.2023 No. 2023-P-12/25-2-(NPA)

7. Declare invalid the resolution of Board of National Bank of the Kyrgyz Republic "About additional temporary measures of regulation of activities of commercial banks of the Kyrgyz Republic" of April 29, 2020 No. 2020-P-12/25-6-(NPA).

8. This resolution becomes effective from the date of its official publication and is effective till September 30, 2024.

9. To legal management:

- from the date of receipt of the relevant documents within 1 (one) working day to 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.

10. To management of methodology of supervision after official publication within 1 (one) working day to bring this resolution to the attention of OYuL "Union of Banks of Kyrgyzstan", commercial banks, OYuL "Association of the Microfinancial Organizations", the microfinancial organizations, JSC Garantiyny fond, all structural divisions, regional managements and representative office of National Bank in Batken Province.

11. 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.

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