Regulatory Alerts2015-09-03 | 126295Added · Updated
Regulation on the Liquidity Support Loan
The National Bank of the Kyrgyz Republic establishes the conditions, procedures, and collateral requirements for providing liquidity support loans to licensed commercial banks. The regulation mandates that loans be secured by specific assets such as government securities or gold, prohibits the use of funds for administrative expenses or paying deposits to related parties, and sets out interest calculation methods and enforcement measures for non-compliance. It also defines the rights of the National Bank to conduct inspections, suspend credit lines, and seize collateral in case of default or misuse of funds.
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Topics
monetary
capital
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