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RESOLUTION OF BOARD OF NATIONAL BANK OF THE KYRGYZ REPUBLIC

of May 31, 2017 No. 21/17

About determination of terms, the granted loans to commercial banks

Being guided by Articles 5, of 7, of 20, 28 and 43 Laws of the Kyrgyz Republic "About National Bank of the Kyrgyz Republic" and the Provision "About Procedure for Carrying Out the Kyrgyz Republic of Credit Auctions by National Bank for the purposes of Refinancing and Maintenance of Liquidity" approved by the resolution of Board of National Bank of the Kyrgyz Republic of November 27, 2013 the No. 45/13, Board of National Bank of the Kyrgyz Republic decides:

1. Establish the following terms of loan granting, issued within the Provision "About Procedure for Carrying Out the Kyrgyz Republic of Credit Auctions by National Bank for the purposes of Refinancing and Maintenance of Liquidity" approved by the resolution of Board of National Bank of the Kyrgyz Republic of November 27, 2013 No. 45/13, to commercial banks:

- the term of provision of credit resources by National Bank for the purposes of refinancing - 6 months.

- the term of provision of credit resources by National Bank on maintenance of bank liquidity - up to 3 months.

2. This resolution becomes effective since June 22, 2017.

3. To legal management:

- publish this resolution on the official site 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.

4. To management of monetary transactions to bring this resolution to the attention of commercial banks.

5. To impose control of execution of this resolution on the vice-chairman of National Bank of the Kyrgyz Republic Zhenish N.

Chairman

T. Abdygulov

 

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