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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of September 28, 2006 No. 138

About approval of the Instruction about procedure for forming and use by banks, open joint stock company "Development bank of the Republic of Belarus and the non-bank credit and financial organizations of special reserves on covering of possible losses on the assets and transactions which are not reflected in balance

(The last edition from 28-01-2019)

Based on Articles 26, the Board of National Bank of the Republic of Belarus DECIDES: 34 and 109 Bank codes of the Republic of Belarus

1. Approve the Instruction about procedure for forming and use by banks, open joint stock company "Development bank of the Republic of Belarus and by the non-bank credit and financial organizations of special reserves on covering of possible losses on the assets and transactions which are not reflected in balance (further - the Instruction) it (is applied).

2. In case of classification of the assets and liabilities which are not reflected in balance according to the Instruction approved by this resolution, the banks of the Russian Federation having the below-stated ratings should be carried to banks of the group "C":

"Moody" s Investors Service" - long-term rating from Vaa1 to B3;

"Fitch" - long-term rating from BBB+ to In-;

"Standard&Poor" s" - long-term rating from BBB+ to In-.

2-1. In case of classification by bank, "Development Bank of the Republic of Belarus" open joint stock company and non-bank credit and financial organization (further, unless otherwise specified, - bank) the assets and liabilities which are not reflected in balance according to the Instruction approved by this resolution the insurance contract of export risks with support of the state signed with the Belarusian republican unitary enterprise of export-import insurance "Beleksimgarant" (further - BRUPEIS "Beleksimgarant"), can be equated to the insurance policy of insurance company - the legal entity of group "A" at observance of the following conditions:

the insurance sum covers requirements of bank to the debtor on repayment of the main amount of debt in the amount of at least 90 percent;

availability of the transparent procedure of unconditional provision of BRUPEIS "Beleksimgarant" of budgetary funds for payment of insurance indemnities for insurance contracts of export risks with support of the state in time which is not exceeding 30 calendar days;

availability at bank of data as of the last reporting date, BRUPEIS "Beleksimgarant", sufficient for reliable assessment of capability, to fulfill the obligations to bank, including about the size of equity, deposits of BRUPEIS "Beleksimgarant" to authorized funds of other legal entities, assumed insurance bonds and the corresponding insurance reserves on insurance of export risks with support of the state, debt of BRUPEIS "Beleksimgarant" on budget advances by terms of its repayment; about the size of the means provided in the republican budget for ensuring obligation fulfillment of BRUPEIS "Beleksimgarant" for insurance contracts of export risks with support of the state;

own sources of BRUPEIS "Beleksimgarant" are sufficient for payment of insurance indemnities for all to the signed insurance contracts (if payment of insurance indemnity for insurance contracts of export risks with support of the state requires attraction of budgetary funds, - sufficiency of the appropriate means provided on these purposes in the republican budget).

2-2. The "Development Bank of the Republic of Belarus" open joint stock company creates special reserves on covering of possible losses on the assets and transactions which are not reflected in the balance, according to the procedure, established by the supervisory board of this society according to the Instruction approved by this resolution.

3. To banks till December 31, 2006 to make changes to local regulatory legal acts for the purpose of establishment of signs of financial instability of the debtor, the partner on contingent obligations, and also additional criteria of reference urgent, prolonged and overdue debt on the assets subject to credit risk, and contingent obligations to the IV risk group according to requirements of the Instruction approved by this resolution and to submit them for approval to National Bank of the Republic of Belarus.

4. To provide to structural divisions of National Bank of the Republic of Belarus till December 1, 2006 reduction in compliance with this resolution of regulatory legal acts of National Bank of the Republic of Belarus.

5. Recognize invalid:

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