Regulatory Alerts2017-12-27 | 127383Minimum Requirements for Forming a Credit Portfolio Accepted as Collateral
The National Bank of the Kyrgyz Republic issued a resolution establishing minimum requirements for credit portfolios that commercial banks and non-bank financial credit organizations may pledge as collateral for refinancing. The regulation mandates that eligible loans must target specific economic sectors, meet strict credit quality and documentation standards, and be secured by approved assets such as deposits, government securities, or real estate with a coverage ratio of at least 120%. Banks are required to conduct continuous monitoring, submit monthly electronic reports, and promptly replace or exclude any loans that fail to comply with these regulatory criteria.
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