Regulatory Alerts2013-11-27 | 126293Regulation on the Procedure for Conducting Credit Auctions by the National Bank of the Kyrgyz Republic for Refinancing and Liquidity Support
The National Bank of the Kyrgyz Republic issued this Regulation to establish a standardized procedure for conducting credit auctions that provide commercial banks with refinancing and short-term liquidity resources. It mandates that participating banks utilize these funds exclusively for domestic lending to residents across prioritized industrial, agricultural, and green sectors, while strictly capping nominal interest rates and margin charges. The framework further outlines collateral eligibility, application submission protocols, and specific lending requirements for non-bank financial organizations to ensure transparent monetary policy implementation.
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