RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of April 12, 2023 No. 2023-P-12/23-5-(NPA)

About approval of the Instruction "About crediting restrictions"

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. Approve the Instruction "About crediting restrictions" it (is applied).

2. Recognize invalid:

1) the resolution of Board of National Bank of the Kyrgyz Republic "About approval of the Instruction "About crediting restrictions" of September 15, 2004 No. 24/4;

2) the resolution of Board of National Bank of the Kyrgyz Republic "About modification and amendments in some regulations of National Bank of the Kyrgyz Republic" of October 23, 2004 No. 26/3;

3) Item 24 of Appendix to 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 16, 2012 No. 43/1;

4) 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 November 27, 2014 No. 53/9:

- paragraph third Item 1 of the resolution;

- Item 2 of Appendix to the above-stated resolution;

5) 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 June 15, 2017 No. 2017-P-12/25-5-(NPA):

- paragraph the fifth Item 1 of the resolution;

- item 4 of Appendix to the above-stated resolution;

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 concerning crediting and corrective actions" of April 24, 2019 No. 2019-P-12/22-4-(NPA):

- paragraph the tenth Item 1 of the resolution;

- Item 9 of Appendix to the above-stated resolution;

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 June 28, 2019 No. 2019-P-12/34-3-(NPA):

- paragraph the fifth Item 1 of the resolution;

- item 4 of Appendix to the above-stated resolution;

8) 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 December 23, 2020 No. 2020-P-12/73-10-(NPA):

- paragraph the fourth Item 1 of the resolution;

- Item 3 of Appendix to the above-stated resolution;

9) 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 December 15, 2021 No. 2021-P-12/70-2-(NPA):

- paragraph third Item 1 of the resolution;

- Item 2 of Appendix to the above-stated resolution.

3. To legal management:

- from the date of receipt of the relevant documents within 3 (three) working days 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 inclusion in the State register of regulatory legal acts of the Kyrgyz Republic.

4. This resolution becomes effective after 15 (fifteen) days from the date of official publication.

5. To management of methodology of supervision after official publication within 3 (three) working days to bring this resolution to the attention of OYuL "Union of Banks of Kyrgyzstan", commercial banks and JSC National Bank of Development of the Kyrgyz Republic.

6. To department "Secretariat of Board" within 3 (three) working days to bring this resolution to the attention of structural divisions, regional managements and Representative office of National Bank of the Kyrgyz Republic in Batken Province.

7. 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.

Appendix

to the Resolution of Board of National Bank of the Kyrgyz Republic of April 12, 2023 No. 2023-P-12/23-5-(NPA)

The instruction about crediting restrictions

Chapter 1. General provisions

1. This Instruction extends to all commercial banks (further - banks).

2. The purpose of this Instruction is establishment of limits of crediting, and also the requirements and procedures obligatory to execution by banks.

3. Limits of crediting are the restrictions of risk for one borrower or group of the connected borrowers (further - one borrower) established by National Bank of the Kyrgyz Republic (further - National Bank) through the economic standard rate "The maximum extent of risk on one borrower or group of the connected borrowers".

Chapter 2. Procedure of payments of the standard rate of the maximum extent of risk on one borrower

4. The standard rate of the maximum extent of risk on one borrower (To 1) it is calculated by the following formula:

                                                                                          K1 = SZ / ChSK x 100%,

where understand total debt of one borrower as total debt or requirements (SZ) on:

- to the credits (regardless of repayment period);

- to factoring;

- to finance lease;

- to interbank placements;

- to investments in the form of debt obligations;

- to the added interest receivable;

- to any other type of direct or indirect issue of means to borrowers which in fact are credit substitutes;

- to the amount of the off-balance obligations (guarantees, letters of credit, obligations for issuance of credits) issued to this borrower;

- to any risk of bank concerning the third party which certainly is guaranteed by this borrower;

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