Regulatory Alerts2015-09-03 | 126295Regulation on the Liquidity Support Loan
The Management Board of the National Bank of the Kyrgyz Republic issued this Regulation to establish the framework for providing liquidity support loans to licensed commercial banks. It mandates that such loans be secured by collateral, used strictly for maintaining liquidity and paying physical persons' deposits rather than administrative expenses or executive bonuses, and governed by fixed interest rates calculated on a 360-day basis. The Regulation further empowers the National Bank to suspend credit lines, demand early repayment, and enforce out-of-court collection against collateral if banks breach target-use requirements or provide inaccurate information.
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