Regulatory Alerts2023-04-26 | 129053Regulation on Minimum Requirements for Credit Risk Management in Project Financing by Commercial Banks
The National Bank of the Kyrgyz Republic issued this regulation to establish minimum credit risk management requirements for commercial banks providing project financing, including Islamic finance operations. The document mandates strict investment policies, detailed due diligence procedures, and continuous monitoring of project cash flows and risks. It further defines specific asset classification categories with mandatory reserve requirements ranging from 15% to 100% based on collateral coverage and repayment performance.
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