Regulatory Alerts2002-02-13 | 82025Rules on Credit (Overdraft) by Bank Payment Cards
The National Bank of the Kyrgyz Republic issued these rules to establish the procedures and mechanisms for commercial banks and licensed financial institutions to provide short-term overdraft credit to individuals via bank payment cards. The regulations define key terms, mandate internal bank procedures, and specify that overdrafts are granted within salary project frameworks based on individual credit limits and official income. Banks are required to manage risks through reserve creation, classify loans, and terminate credit lines upon notification of employment termination or salary cessation.
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