Regulatory Alerts2022-06-02 | 123830Instruction on Maintaining the Database of Obligations of Banks, Housing Savings Credit Companies, and Microfinance Companies Attracting Deposits from Depositors
The National Bank of the Kyrgyz Republic issued this Instruction to mandate banks, housing savings credit companies, and microfinance companies to maintain an automated database of depositor obligations for compensation purposes. The document establishes strict requirements for data formation, including daily updates, XML/XLS formatting, and the calculation of compensation sums by offsetting overdue counter-claims against deposits. It further details the procedures for filling out reporting tables and defines the roles of bank management and temporary administrators in ensuring data accuracy during guarantee events.
Share