Regulatory Alerts2012-08-29 | 125801Regulation on Certain Transactions/Operations of Commercial Banks and Microfinance Companies of the Kyrgyz Republic with Real Estate
The National Bank of the Kyrgyz Republic issued this regulation to establish mandatory requirements for commercial banks and microfinance companies regarding the acquisition, valuation, and disposal of real estate assets. The document mandates that such properties must be sold within three years of ownership acquisition, with strict rules on fair value assessments, impairment testing, and accounting treatments. It further imposes rigorous governance and disclosure obligations, particularly for transactions involving affiliated parties, to ensure transparency and mitigate financial risks.
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