Regulation on the Periodic Regulatory Report of a Credit Union

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Date of creation: 2025-01-28

Approved

by the resolution of the Board of the National Bank of the Kyrgyz Republic

of January 16, 2008 No. 3/3

REGULATION

on the periodic regulatory report of a credit union

(In the edition of the resolutions of the Board of the National Bank of the Kyrgyz Republic of December 16, 2009 No. 49/17, January 18, 2012 No. 2/2, April 25, 2012 No. 18/9, April 24, 2013 No. 13/10, January 20, 2016 No. 4/5, June 15, 2017 No. 2017-P-12/25-12, August 16, 2017 No. 2017-P-12/34-1, May 30, 2018 No. 2018-P-12/20-2, August 15, 2018 No. 2018-P-33/33-8, January 30, 2019 No. 2019-P-33/4-2, December 21, 2022 No. 2022-P-12/81-7, December 20, 2023 No. 2023-P-12/80-4, January 22, 2025 No. 2025-P-12/2-3-(NFKU))

1. General Provisions

1.1. This Regulation defines the unified form of periodic regulatory reporting (hereinafter referred to as PRR) for credit unions (hereinafter referred to as CU).

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of June 15, 2017 No. 2017-P-12/25-12)

1.2. The action of the regulation "On the periodic regulatory report of a credit union" extends to all CUs licensed by the National Bank of the Kyrgyz Republic (hereinafter referred to as the National Bank).

1.3. PRR is compiled based on the data of the CU's accounting and off-balance sheet accounting.

2. Goals and Objectives

2.1. PRR is compiled for the purpose of conducting an analysis of:

a) the financial condition of the CU within the framework of the functions performed by the National Bank of the Kyrgyz Republic, established in the Constitutional Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic" and in the Law of the Kyrgyz Republic "On Credit Unions";

b) the activities of the CU for the purpose of making decisions by the management of the CU to ensure liquidity, solvency, and profitability.

(In the edition of the resolutions of the Board of the National Bank of the Kyrgyz Republic of June 15, 2017 No. 2017-P-12/25-12, December 21, 2022 No. 2022-P-12/81-7)

2.2. The main task of the PRR is to provide reliable and complete information about the economic and operational activities of the CU to ensure the fulfillment of the objectives specified in paragraph 2.1 of this Regulation.

3. Content and Frequency of Submission of PRR

3.1. PRR represents the reporting on the activities of the CU in the established form for a certain period and submitted within the established deadline.

3.2. The composition of the reporting in summary form, brief content, and deadlines for submitting reports are provided in Appendix 1 to this Regulation.

3.3. The report for the 4th quarter is annual and submitted to the National Bank no later than the 20th day following the reporting year.

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of January 30, 2019 No. 2019-P-33/4-2)

3.4. PRR consists of 9 Forms.

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of January 30, 2019 No. 2019-P-33/4-2)

4. Procedure for Submitting PRR

4.1. Each CU must appoint an employee responsible for the completeness of content, submission deadlines, and correct completion of the PRR. This employee is also responsible for interaction with the National Bank on all issues concerning the information contained in the PRR.

4.2. PRR is submitted to the National Bank in the forms according to Appendix 2 to this Regulation within the established deadlines for each report on paper and electronic media. Electronic versions of the PRR must be formed according to templates established by the National Bank.

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of April 24, 2013 No. 13/10)

4.3. CUs located in the Chuy region and the city of Bishkek must submit PRR on paper media to the General Department of the National Bank in a sealed envelope.

Electronic versions of the PRR must be transmitted by email to the Technical Support Department of the Statistical Database of the Financial Statistics and Review Department (hereinafter - UFSD) of the National Bank. In the absence of an email, the CU must submit reports on other electronic media (USB flash drive).

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of April 24, 2013 No. 13/10)

4.3-1. CUs located in other regions of the republic must submit PRR to the corresponding regional department/Batken representation of the National Bank on paper and electronic media.

Regional departments and the Batken representation of the National Bank forward the PRR to the UFSD in an aggregated form.

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of April 24, 2013 No. 13/10)

4.4. In the event of any discrepancies, errors, incomplete submission, or incorrect completion of PRR forms, the corresponding structural unit of the National Bank notifies the CU of the need to correct the report with reflection in the financial statements within 10 working days from the date of receipt of the report.

Corrected reports together with a cover letter from the CU must be submitted to the National Bank within 5 working days after receiving notification of discrepancies in the report.

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of January 20, 2016 No. 4/5)

4.5. In the absence of comments from the National Bank regarding the PRR or after bringing the report into compliance with the National Bank's comments and written notification from the National Bank about the correction of the PRR, the PRR is considered accepted by the National Bank.

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of January 20, 2016 No. 4/5)

4.6. The periodic regulatory report must be submitted in the established form: with the signature of the Chairman and Chief Accountant of the CU on each form, together with a cover letter. The PRR must contain reliable information about the state of the CU as of the reporting date.

5. Final Provisions

5.1. For untimely and/or unreliable submission of information, for non-submission of information, for incomplete and/or incorrect completion of the PRR, the CU, as well as the Chairman of the Board and the CU accountant, bear responsibility in accordance with the legislation of the Kyrgyz Republic.

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of January 20, 2016 No. 4/5)

5.2. CUs must ensure the storage of second copies of the PRR provided to the National Bank.

Appendix 1

to the regulation "On the periodic regulatory report of a credit union", approved by the resolution of the Board of the National Bank of the Kyrgyz Republic

of January 16, 2008 No. 3/3

COMPOSITION

of the periodic regulatory report of a credit union

(In the edition of the resolution of the Board of the National Bank of the Kyrgyz Republic of January 30, 2019 No. 2019-P-33/4-2)

No. of sections

Name

Frequency

Submission Deadlines

1

Assets

Quarterly

Reports for quarters 1, 2, and 3 within 15 calendar days from the end of the reporting quarter. The report for the 4th quarter is annual and submitted to the National Bank no later than the 20th day following the reporting year

1-2

Liabilities and Capital

1-3

Off-balance sheet liabilities

2

Income and Expense Statement

3

A. Information on the credit portfolio

B. Classification of loans

C. Classification of financial leasing

D. Credit portfolio

E. Financial leasing

F. Information on attracted funds

4

Information on large borrowers of the credit union

5

A. Information on large problematic borrowers of the credit union

B. Information on parallel loans

C. Restructured loans

6

A. Volume of accepted deposits broken down by term

B. Volume of accepted deposits broken down by amount

C. Movement of deposits during the reporting month

D. Sizes of minimum, average, and maximum deposits

E. Interest rate on attracted deposits

7

A. Information on loans due for repayment and repaid during the reporting quarter

B. Composition of the credit union

C. Participants, borrowers, and depositors

D. Information on the size of the savings share and loan

E. Information on the location and territory of action of the credit union

F. Conditions for withdrawal of the savings share

G. Dividends

H. Short-term liabilities (payment term arising within 30 days)

I. Information on the implementation of retail banking services under an agency agreement with a bank

J. Breakdown of placement and investment operations

8

Information on compliance with economic ratios of the credit union

9

A. Information on members of the Supervisory Board, Board, participants (shareholders), and members of the Shariah Council of the CU

B. Information on certain officials of the CU

C. Basic information on the CU (information on branches, active committees, subsidiaries, and affiliated companies)

Annually

Quarterly (in case of changes during the quarter)

Appendix 2

to the regulation "On the periodic regulatory report of a credit union", approved by the resolution of the Board of the National Bank of the Kyrgyz Republic

of January 16, 2008 No. 3/3

PERIODIC REGULATORY REPORT

of a credit union

(In the edition of the resolutions of the Board of the National Bank of the Kyrgyz Republic of January 18, 2012 No. 2/2, January 20, 2016 No. 4/5, August 16, 2017 No. 2017-P-12/34-1, May 30, 2018 No. 2018-P-12/20-2, August 15, 2018 No. 2018-P-33/33-8, January 30, 2019 No. 2019-P-33/4-2, December 20, 2023 No. 2023-P-12/80-4, January 22, 2025 No. 2025-P-12/2-3-(NFKU))

See attached file.

Appendix 2

Contacts

Public Reception

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+996 (312) 66-90-15 +1671, +1666

Report Corruption

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Auto-informer of official currency rates

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