Regulatory Alerts1994-12-16 | 6190Directive Instruction No. 1 on Enhancing the Liquidity of Commercial Banks
The National Bank of the Kyrgyz Republic issued Directive Instruction No. 1 to address illegal payment delays and deposit non-compliance by commercial banks, which are harming clients and destabilizing the financial system. The directive mandates immediate reforms including staff retraining, strict accountability for rejecting valid payment orders, and the liquidation of assets to ensure obligations are met. Failure to improve liquidity management or resolve client complaints will result in severe regulatory sanctions, including fines, activity restrictions, direct administration, or license revocation.
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