Regulatory Alerts2010-06-30 | 131743Regulation on Minimum Requirements for Credit Risk Management in Commercial Banks and Other Financial-Credit Organizations Licensed by the National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic issued this Regulation to establish minimum requirements for credit risk management systems in commercial banks and licensed financial-credit organizations. The document mandates that banks implement comprehensive credit policies and strategies approved by their Boards of Directors, covering risk identification, measurement, monitoring, and control across all credit-bearing assets. It further requires strict adherence to responsible lending principles, including the calculation of debt burden indicators for consumer loans, the establishment of internal credit rating systems, and clear separation of approval authorities to mitigate risks.
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