Regulatory Alerts2004-04-28 | 118846Procedure for Assigning Non-Interest Accrual Status
The National Bank of the Kyrgyz Republic issued this regulation to define the criteria and procedures for commercial banks and financial organizations to assign non-interest accrual status to credit assets. The document mandates that institutions must stop recognizing interest income and create full reserves when payments are overdue by 90 days or when full repayment is unlikely. It further establishes strict conditions for resuming interest accrual, requiring full settlement of past dues and a high probability of future repayment based on financial analysis.
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