Regulatory Alerts2021-12-29 | 123463Added · Updated
Regulation on Minimum Requirements for Pricing Policy of Banking and Payment Services, Microfinance Organization Services, and Marketing Activities
The National Bank of the Kyrgyz Republic mandates that banking and microfinance service providers establish and maintain a formalized pricing policy approved by their governing bodies, detailing risk-weighted objectives, market analysis, and transparent cost components for loans and deposits. Banks are required to ensure all marketing and advertising materials are truthful, complete, and compliant with antimonopoly and consumer protection laws, while strictly prohibiting political content, lotteries, and games of chance in promotional activities. The regulation further restricts affiliated persons from participating in bank incentive programs and requires the publication of incentive results, alongside specific notification deadlines for any changes to interest rates or tariffs.