Regulatory Alerts2024-02-28 | 131343Rules for the Regulation of Guarantee Funds' Activities
The National Bank of the Kyrgyz Republic issued these Rules to establish comprehensive regulatory requirements for guarantee funds, mandating strict compliance with economic standards, liquidity ratios, and concentration risk limits. The document defines precise calculation formulas for key metrics—including maximum risk per borrower, equity-to-capital ratios, and multiplier coefficients—while outlining operational obligations such as credit information exchange, dividend distribution approvals, and portfolio guarantee limits. Furthermore, it standardizes the issuance process, risk assessment procedures, and internal control mechanisms to enhance financing accessibility for clients and mitigate credit risks for financial institutions.
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