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RESOLUTION OF BOARD OF NATIONAL BANK OF THE REPUBLIC OF BELARUS

of May 13, 2011 No. 176

About approval of the Instruction for financial accounting of forming and use of special reserves on covering of possible losses

(as amended on 01-03-2021)

Based on the paragraph of the thirty seventh of Article 26 and part one of article 39 of the Bank code of the Republic of Belarus the Board of National Bank of the Republic of Belarus DECIDES:

1. Approve the Instruction for financial accounting of forming and use of special reserves on covering of possible losses it (is applied).

2. Recognize invalid:

the resolution of Board of National Bank of the Republic of Belarus of April 26, 2010 No. 125 "About modification and amendments in the Instruction for financial accounting of forming and use of special reserves on covering of possible losses in banks of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2010, No. 123, 8/22347);

the resolution of Board of National Bank of the Republic of Belarus of November 17, 2010 No. 501 "About modification of the Instruction for financial accounting of forming and use of special reserves on covering of possible losses in banks of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2010, No. 302, 8/23051).

3. This resolution becomes effective after its official publication.

First Deputy Chairman of the board

N. V. Luzgin

Approved by the Resolution of Board of National Bank of the Republic of Belarus of May 13, 2011 No. 176

The instruction for financial accounting of forming and use of special reserves on covering of possible losses

Chapter 1. General provisions

1. This Instruction determines for banks, the non-bank credit and financial organizations and "Development Bank of the Republic of Belarus" open joint stock company (further – banks) procedure for reflection in financial accounting created and used according to the Instruction about procedure for forming and use of special reserves on covering of possible losses on the assets and transactions which are not reflected in balance, the Republic of Belarus approved by the resolution of Board of National Bank of September 28, 2006 No. 138, of special reserves:

on covering of possible losses on the assets subject to credit risk, including reserve on covering of possible losses on portfolios of the uniform credits (further – special reserve on assets);

on covering of possible losses on the transactions which are not reflected in balance (further – special reserve on contingent obligations).

Requirements of this Instruction are not applied in case of financial accounting of forming and use of special reserve on assets in the form of securities which is performed according to the Instruction for financial accounting of transactions with securities approved by the resolution of Board of National Bank of the Republic of Belarus of March 1, 2021 No. 52.

2. Financial accounting of forming of special reserve on assets and special reserve on contingent obligations is performed with use of the corresponding balance sheet accounts of group 94 "Expenses on contributions to reserves" * and groups 84 "The income from reduction of reserves".

______________________________

* Accounts are specified according to the Chart of accounts of financial accounting in banks and the non-bank credit and financial organizations, "Development Bank of the Republic of Belarus" open joint stock company established according to appendix 1 to the resolution of Board of National Bank of the Republic of Belarus of August 29, 2013 No. 506.

2-1. For the purposes of this Instruction accounts on the cash accounting are understood as the correspondent accounts, the current (settlement) bank accounts, other accounts used when implementing calculations.

3. Financial accounting of special reserve on assets is performed on the corresponding balance sheet accounts on accounting of reserves on covering of possible losses depending on asset type:

groups 191 "Reserves on covering of possible losses on accounts in precious metals and gemstones";

groups 192 "Reserves on covering of possible losses on means in other banks";

groups 29 "Reserves on covering of possible loan losses and to other active transactions with clients";

3928 "Reserve on covering of possible losses on means in calculations for transactions with clients";

groups 472 "Reserves on covering of possible losses on the securities withheld before repayment";

groups 473 "Reserves on covering of possible losses on securities, available for sale";

6590 "Reserves on covering of possible losses by settlings with debtors".

4. Reflection in financial accounting of the foreign currency transactions connected with forming and use of special reserve on assets and special reserve on contingent obligations is performed taking into account requirements of this Instruction, the National accounting standard 21 "Influence of changes of the currency rates" (the NSFO 21) approved by the resolution of the Board of directors of National Bank of the Republic of Belarus of September 28, 2007 No. 297, of other bank law, regulating questions of financial accounting of transactions with foreign currency.

5. The Item is excluded according to the Resolution of Board of National Bank of the Republic of Belarus of 01.03.2021 No. 52

Chapter 2. Financial accounting of forming and use of special reserve on assets

6. Forming (increase) of special reserve on assets in financial accounting is reflected as follows:

6.1. in Belarusian rubles:

The debit (further – D-t) 9410, 9420, 9480 – accounts on the expense accounting on contributions to reserves on covering of possible losses

The credit (further – K-t) 191X, 192X, 29XX, 3928, 6590 – accounts on accounting of reserves on covering of possible losses;

6.2. in foreign currency:

D-t 9410, 9420, 9480 – accounts on the expense accounting on contributions to reserves on covering of possible losses

K-t 6911 "Ruble equivalent of foreign exchange position";

D-t 6901 "Foreign exchange positions"

K-t 191X, 192X, 29XX, 3928, 6590 – accounts on accounting of reserves on covering of possible losses.

6-1. Change of currency of special reserve on assets in cases, stipulated by the legislation, in financial accounting is reflected as follows:

D-t 191X, 192X, 29XX, 3928, 6590 – accounts on accounting of reserves on covering of possible losses

K-t 6901 "Foreign exchange positions" or 6911 "Ruble equivalent of foreign exchange position" (depending on currency type of the special reserve on assets reflected according to balance sheet accounts) – on the amount of the special reserve on assets reflected in accounts on accounting of reserves on covering of possible losses before change of its currency;

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