Regulatory Alerts2022-09-19
Instruction No. 176 on the Procedure for Regulating Credit Organizations' Activities
The National Bank of Tajikistan issued Instruction No. 176 to establish and calculate prudential norms for credit organizations, excluding microcredit entities, by mandating minimum charter capital thresholds, capital adequacy ratios, and liquidity requirements. The regulation imposes operational restrictions on institutions whose capital adequacy ratio falls within 0.25 percentage points of the statutory limit or drops below it, curbing asset growth, dividend distributions, and new lending. Furthermore, it defines the composition of regulatory capital, classifies risk-weighted assets into five groups with specific account codes and risk weights, and sets phased capital requirements for banks, non-bank credit organizations, and microcredit deposit institutions through 2027.