Regulatory Alerts2012-02-15 | 131744Regulation 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 other licensed financial institutions. The document mandates that banks adopt a board-approved credit strategy and policy covering risk identification, measurement, monitoring, and control, while explicitly prohibiting unsecured 'blanket' loans except for specific overdrafts. It further enforces responsible lending principles, including the calculation of debt burden indicators for consumer loans and the implementation of internal credit rating systems to ensure financial stability.
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