Regulatory Alerts2020-12-28 | 127046Procedure for the Operation of Commercial Banks and Other Financial and Credit Organizations Licensed and Regulated by the National Bank of the Kyrgyz Republic with Collateral Property
The National Bank of the Kyrgyz Republic mandates minimum requirements for commercial banks and financial-credit organizations to strengthen credit discipline and ensure the real security of loan repayment through collateral. The regulation establishes strict criteria for acceptable collateral, including prohibitions on offshore assets and specific liquidity and valuation standards, while requiring internal policies that guarantee the independence of property assessments. It further outlines mandatory procedures for collateral monitoring, risk management, and the legal realization of pledged assets to protect both the lender and borrower interests.
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