Regulatory Alerts2017-06-14 | 126307Regulation on the Lender of Last Resort Credit
The National Bank of the Kyrgyz Republic issued this Regulation to establish a lender-of-last-resort credit facility for licensed commercial banks, mandating temporary administration and targeted use of funds to maintain systemic liquidity and protect retail deposits. It outlines strict collateral requirements, tranche-based disbursement tied to financial rehabilitation plans, and fixed interest calculations based on a 360-day year. The Regulation further empowers the National Bank to unconditionally suspend credit lines, foreclose on pledged assets, and hold bank officials liable for fraudulent records or non-compliance with repayment obligations.
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