Resolution of the Board of the National Bank of the Kyrgyz Republic No. 10/4 of 28 February 2007 on Amending and Supplementing the Regulation on Periodic Regulatory Bank Reporting approved by Resolution of the NBKR Board No. 26/5 of 25.08.2005 "On Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic"

Registered in the Ministry of Justice of the Kyrgyz Republic

11 April 2007. Registration number 37-07

Bishkek

of 28 February 2007 No. 10/4

RESOLUTION OF THE BOARD OF THE NATIONAL BANK

OF THE KYRGYZ REPUBLIC

On Amending and Supplementing the Regulation

on Periodic Regulatory Bank Reporting

approved by Resolution of the NBKR Board No. 26/5

of 25.08.2005 "On Certain Regulatory Legal

Acts of the National Bank of the Kyrgyz Republic"

Having considered the draft "Amendments and Supplements to the Regulation on Periodic Regulatory Bank Reporting" approved by Resolution of the NBKR Board No. 26/5 of 25.08.2005 "On Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic", guided by Articles 7 and 43 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", the Regulation "On the Implementation of Islamic Financing Principles in the Kyrgyz Republic within the Framework of the Pilot Project" approved by Resolution of the NBKR Board No. 32/2 of 30.10.2006, registered in the Ministry of Justice of the Kyrgyz Republic on 30.11.2006, registration number 120-06, the Board of the National Bank of the Kyrgyz Republic resolves:

1. To approve the amendments and supplements to the Regulation on Periodic Regulatory Bank Reporting approved by Resolution of the NBKR Board No. 26/5 of 25.08.2005, registered in the Ministry of Justice of the Kyrgyz Republic on 16.09.05, registration number 132-05 (attached).

2. To send this resolution to the Steering Committee formed within the framework of the implementation of the Memorandum of Understanding between the Kyrgyz Republic, the Islamic Development Bank and OJSC "Ekobank" regarding the introduction of Islamic banking and financing in the Kyrgyz Republic of 16 May 2006.

3. The Supervision Methodology and Licensing Department together with the Legal Department shall carry out, in the established procedure, the state registration of this resolution with the Ministry of Justice of the Kyrgyz Republic with subsequent official publication.

4. This resolution enters into force from the moment of official publication after state registration with the Ministry of Justice of the Kyrgyz Republic.

5. This resolution applies only to OJSC "Ekobank" within the framework of the implementation of the Pilot Project on the introduction of Islamic financing principles.

6. After publication of the registered regulatory legal act, the Legal Department shall inform the Ministry of Justice of the Kyrgyz Republic of the source of publication (name of the publication, its number and date).

7. Control over the execution of this resolution shall be assigned to the Deputy Chairman of the National Bank of the Kyrgyz Republic Bokontaev K.K.

Chairman of the Board of the National

Bank of the Kyrgyz Republic M. Alapaev

Approved

by resolution of the Board

of the National Bank

of the Kyrgyz Republic

of 28 February 2007 No. 10/4

AMENDMENTS AND SUPPLEMENTS

to the Regulation on Periodic Regulatory Bank

Reporting approved by Resolution of the NBKR Board

No. 26/5 of 25.08.2005 "On Certain Regulatory

Legal Acts of the National Bank of the Kyrgyz Republic"

(registration number of the Ministry of Justice of the Kyrgyz Republic 132-05 of 16.09.2005)

1. Section 4 "Procedure for Submission of PRBR" shall be supplemented with clause 4.13 of the following content:

"4.13. Sections/subsections of the PRBR relating to matters of supervision over the activities of OJSC "Ekobank", when carrying out operations within the framework of the pilot project for the introduction of Islamic financing principles in the Kyrgyz Republic, shall be submitted to the NBKR only by OJSC "Ekobank".

2. In Annex 1 "Composition of the Periodic Regulatory Bank Report" of the PRBR, the following amendments shall be made:

2.1. Clause 2 in the "Name" column shall be stated in the following wording:

"Information on members of the Board of Directors, the Bank's Management Board and the Bank's Shariah Council".

2.2. Clause 5 in the "Name" column shall be supplemented with subclause 3 of the following content:

"3. Operations carried out under Islamic financing principles".

2.3. Clause 6 in the "Name" column shall be supplemented with subclause 2.A of the following content:

"2.A. Profit and loss statement on operations carried out under Islamic financing principles".

2.4. Clause 13 in the "Name" column shall be supplemented with subclause 9.V of the following content:

"9.V. Information on the largest risks".

2.5. Clause 14 in the "Name" column shall be supplemented with subclauses 10.G, 10.D and 10.E of the following content:

"10.G. Brief information on active operations with affiliated persons.

10.D. General information on operations with affiliated persons.

10.E. Information on affiliated persons of the bank".

2.6. Clause 15 in the "Name" column shall be supplemented with subclauses 11.E, 11.Zh, 11.Z, 11.I and 11.K of the following content:

"11.E. Brief information on active operations with insiders.

11.Zh. General information on operations with insiders.

11.Z. Information on persons included in the circle of relatives of an insider.

11.I. Information on other related persons.

11.K. Information on legal entities in which insiders of the bank and persons included in the circle of relatives of an insider, or other related persons, possess control".

2.7. Clause 20 in the "Name" column shall be supplemented with subclauses 16.A and 16.B of the following content:

"16.A. Daily report on open currency positions (OCP) on operations carried out in accordance with Islamic financing principles.

16.B. Consolidated daily report on open currency positions (OCP)".

3. In Annex 2 "Periodic Regulatory Bank Report" of the PRBR, the following amendments and supplements shall be made:

3.1. Supplement with a paragraph of the following content:

"Information on members of the Bank's Shariah Council

Full name Place of work Position Telephone Signature sample

1. ______ ______ ______ ______ ______

2. ______ ______ ______ ______ ______

3. ______ ______ ______ ______ ______

4. ______ ______ ______ ______ ______

5. ______ ______ ______ ______ ______

6. ______ ______ ______ ______ ______

".

3.2. Section 1 "Balance Sheet" shall be supplemented with subsection Z of the following content:

"Z. Operations carried out under Islamic financing principles

---

| | Name |Total amount|In foreign currency|RPPU on assets|

|--|------|-----|------|-------|

| |A. Assets | | | |

|--|------|-----|------|-------|

|1 |Cash | | | |

|--|------|-----|------|-------|

|2 |Murabaha operations | | | |

|--|------|-----|------|-------|

|3 |Salam operations | | | |

|--|------|-----|------|-------|

|4 |Parallel salam operations | | | |

|--|------|-----|------|-------|

|5 |Qard hasan operations | | | |

|--|------|-----|------|-------|

|6 |Ijarah operations | | | |

|--|------|-----|------|-------|

|7 |Ijarah Muntahiyya Bittamlik operations | | | |

|--|------|-----|------|-------|

|8 |Istisna operations | | | |

|--|------|-----|------|-------|

|9 |Parallel istisna operations | | | |

|--|------|-----|------|-------|

|10|Unrestricted mudaraba operations | | | |

|--|------|-----|------|-------|

|11|Restricted mudaraba operations | | | |

|--|------|-----|------|-------|

|12|Sharikah operations | | | |

|--|------|-----|------|-------|

|13|Musharakah operations | | | |

|--|------|-----|------|-------|

|14|Other property accepted in repayment of an asset and/or as compensation for the bank's losses | | | |

|--|------|-----|------|-------|

|15|Total assets | | | |

|--|------|-----|------|-------|

| |B. Liabilities | | | |

|--|------|-----|------|-------|

|16|Qard hasan operations, including: | | | |

|--|------|-----|------|-------|

| |a) interest-free demand accounts of legal entities - non-residents | | | |

|--|------|-----|------|-------|

| |b) interest-free demand accounts of legal entities - residents | | | |

|--|------|-----|------|-------|

| |c) interest-free demand accounts of individuals - non-residents | | | |

|--|------|-----|------|-------|

|17|Mudaraba operations, including: | | | |

|--|------|-----|------|-------|

| |a) term interest-free accounts of legal entities - non-residents | | | |

|--|------|-----|------|-------|

| |b) term interest-free accounts of legal entities - residents | | | |

|--|------|-----|------|-------|

|18|Total liabilities | | | |

|--|------|-----|------|-------|

| |C. Off-balance sheet liabilities | | | |

|--|------|-----|------|-------|

|19|Documentary letters of credit | | | |

|--|------|-----|------|-------|

|20|Guarantees | | | |

|--|------|-----|------|-------|

|21|Total off-balance sheet liabilities | | | |

---

position signature surname, name, patronymic

---

".

3.3. Section 2 "Profit and Loss Statement" shall be supplemented with subsection 2.A of the following content:

"2.A. Profit and loss statement on operations carried out under Islamic financing principles

---

| | Name |Current period|Since the beginning of the year|

|--|------|-------|------|

| |A. Income | | |

|--|------|-------|------|

|1 |Income from Murabaha operations | | |

|--|------|-------|------|

|2 |Income from Salam operations | | |

|--|------|-------|------|

|3 |Income from Ijarah operations | | |

|--|------|-------|------|

|4 |Income from Ijarah Muntahiyya Bittamlik operations | | |

|--|------|-------|------|

|5 |Income from Istisna operations | | |

|--|------|-------|------|

|6 |Income from Mudaraba operations | | |

|--|------|-------|------|

|7 |Income from Sharikah (Musharakah) operations | | |

|--|------|-------|------|

|8 |Income from the sale of other property accepted in repayment of an asset and/or as compensation for the bank's losses | | |

|--|------|-------|------|

|9 |Penalties for non-fulfillment of obligations | | |

|--|------|-------|------|

|10|Total income, including: | | |

|--|------|-------|------|

| |a) accrued income receivable | | |

|--|------|-------|------|

| |B. Expenses | | |

|--|------|-------|------|

|1 |Expenses on Murabaha operations | | |

|--|------|-------|------|

|2 |Expenses on Salam operations | | |

|--|------|-------|------|

|4 |Expenses on Qard hasan operations | | |

|--|------|-------|------|

|5 |Expenses on Ijarah operations | | |

|--|------|-------|------|

|6 |Expenses on Ijarah Muntahiyya Bittamlik operations | | |

|--|------|-------|------|

|7 |Depreciation of property (Ijarah) | | |

|--|------|-------|------|

|8 |Expenses on Istisna operations | | |

|--|------|-------|------|

|9 |Expenses on Mudaraba operations | | |

|--|------|-------|------|

|10|Expenses on Sharikah (Musharakah) operations | | |

|--|------|-------|------|

|11|Expenses on RPPU, including: | | |

|--|------|-------|------|

| |a) on assets | | |

|--|------|-------|------|

| |b) on other property accepted in repayment of an asset and/or as compensation for the bank's losses | | |

|--|------|-------|------|

|12|Charity and other similar expenses | | |

|--|------|-------|------|

|13|Total expenses, including: | | |

|--|------|-------|------|

| |a) expenses accrued for payment on Mudaraba operations | | |

|--|------|-------|------|

|14|Income/loss | | |

---

position signature surname, name, patronymic

---

".

3.4. Section 9 shall be supplemented with subsection 9.V of the following content:

"9.V. Information on the largest risks

---

|Opera-| Information on borrowers/clients/suppliers

| tions |------

|under IFP| Name of borrower/client/supplier | Total debt/Total amount of contracts

| | |------

| | |Group|Loans/assets bearing any types of risk|Interest rate/other forms of compensation|Other assets|Interest rate/other forms of compensation|

|------|----------------|-----|----------|----------|------|----------|

| 1 | 2 | 3 | 4 | 5 | 6 | 7 |

|------|----------------|-----|----------|----------|------|----------|

|1 |Borrower A and related persons, total: | | | | | |

|------|----------------|-----|----------|----------|------|----------|

| |Borrower A | 1 | | | | |

|------|----------------|-----|----------|----------|------|----------|

| |Related company B | 1 | | | | |

|------|----------------|-----|----------|----------|------|----------|

| |Related company C | 1 | | | | |

|------|----------------|-----|----------|----------|------|----------|

| |... | 1 | | | | |

|------|----------------|-----|----------|----------|------|----------|

|2 |Borrower X and related persons, total: | | | | | |

|------|----------------|-----|----------|----------|------|----------|

| |Borrower X | 2 | | | | |

|------|----------------|-----|----------|----------|------|----------|

| |Related company Y | 2 | | | | |

|------|----------------|-----|----------|----------|------|----------|

| |Related company Z | 2 | | | | |

|------|----------------|-----|----------|----------|------|----------|

| |... | 2 | | | | |

|------|----------------|-----|----------|----------|------|----------|

|... | | | | | | |

|------|----------------|-----|----------|----------|------|----------|

|... | | | | | | |

|------|----------------|-----|----------|----------|------|----------|

|15 | | | | | | |

|------|---------------------------------------------------------------

|16 |Total amount of all large risks

|------|---------------------------------------------------------------

|17 |Largest debt/large contract per client

---

---

| Share |Share of bank's shares|

------|of financial| held by the |

| participation | company or |

| (shares) | individual |

------| of the company, | |

|Off-balance|Total|Classification|Overdue debt| which the | |

|liabilities| | category | (in days) | bank owns | |

| | | | | | |

| | | | | | |

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| 8 | 9 | 10 | 11 | 12 | 13 |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

| | | | | | |

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

| | | | | | |

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

|-------------|-----|-----------|-------------|-----------|-----------|

| | | | | | |

--------------|-----|-----------|-------------|-----------|-----------|

| | | | | |

--------------|-----|-----------|-------------|-----------|-----------|

| | | | | |

| | | | | |

---

(*) If the bank has no large risks or fewer than 15, then in the remaining rows left after filling, the largest total debt shall be indicated in descending order. If the bank has more than 15 large risks, it is necessary to submit their list separately on paper in the same order and form".

position signature surname, name, patronymic

---

".

3.5. Section 10 shall be supplemented with subsections 10.G, 10.D and 10.E of the following content:

"10.G. Brief information on active operations

with affiliated persons

(thousand soms)

---

| N | Information on the affiliated person(*)

| |------

| | Name of affiliated person |Group| Total book debt/Total amount of contracts on operations of the affiliated person

| | | |------

| | | |Loans and financial lease/assets bearing any types of risk|Interest rate/valuation and other forms of compensation|Other assets|Interest rate/valuation and other forms of compensation|

|---|------------------|------|----------|----------|------|----------|

| 1 | 2 | 3 | 4 | 5 | 6 | 7 |

|---|------------------|------|----------|----------|------|----------|

|1 | | | | | | |

|---|------------------|------|----------|----------|------|----------|

|2 | | | | | | |

|---|------------------|------|----------|----------|------|----------|

|3 | | | | | | |

|---|------------------|------|----------|----------|------|----------|

|4 | | | | | | |

|---|------------------|------|----------|----------|------|----------|

|...| | | | | | |

|---|------------------|------|----------|----------|------|----------|

|8 | | | | | | |

|---|------------------|------|----------|----------|------|----------|

|9 | | | | | | |

|---|------------------|------|----------|----------|------|----------|

|10 |... | | | | | |

|---|------------------|------|----------|----------|------|----------|

|...| | | | | | |

|---|------------------------------------------------------------------

|101|Total operations with affiliated persons

|---|------------------------------------------------------------------

|102|Largest debt/large contract per affiliated person

---

---

| Share |Share of bank's shares|

------| of financial| held by the |

|Classification|Overdue assets/| participation | affiliated person |

| category |non-fulfillment| (shares) of | (%) |

| | of contract | the affiliated | |

------| | conditions | person, which | |

|Off-balance|Total| | | the bank owns | |

|liabilities| | | | (%) | |

| | | | | | |

| | | | | | |

| | | | | | |

| | | | | | |

| | | | | | |

| | | | | | |

|-------------|-----|---------|-------------|------------|------------|

| 8 | 9 | 10 | 11 | 12 | 13 |

|-------------|-----|---------|-------------|------------|------------|

| | | | | | |

|-------------|-----|---------|-------------|------------|------------|

| | | | | | |

|-------------|-----|---------|-------------|------------|------------|

| | | | | | |

|-------------|-----|---------|-------------|------------|------------|

| | | | | | |

|-------------|-----|---------|-------------|------------|------------|

| | | | | | |

|-------------|-----|---------|-------------|------------|------------|

| | | | | | |

|-------------|-----|---------|-------------|------------|------------|

| | | | | | |

|-------------|-----|---------|-------------|------------|------------|

| | | | | | |

--------------|-----|---------|-------------|------------|------------|

| | | | | |

--------------|-----|---------|-------------|------------|------------|

| | | | | |

| | | | | |

---

(*) information on affiliated persons carrying out operations under traditional banking and clients/suppliers - affiliated persons carrying out operations under Islamic financing principles.

position signature surname, name, patronymic

---

10.D. General information on transactions with affiliated persons

---

N	Name of affiliated person	Amount of transaction (thousand soms)	Type of transaction[1]	Date of commencement of transaction	Term and date of completion of transaction[2]	Interest rate/valuation and other forms of remuneration	Collateral in relation to the loan/asset provided	Owner of the pledge	Terms of the transaction[3]	Note
	The examples of information disclosure are given below:
1	Example 1:
	Subsidiary company of the bank
2	Example 2:
	Company owning a large block of shares of the bank

---

[1] Indicate the type of transaction (loan, guarantee, sale/purchase of an asset, services, etc.).

[2] For loans, off-balance-sheet liabilities, contracts, etc.

[3] Describe the main terms of the transaction.

position signature surname, name, patronymic

---

10.E. Information on affiliated persons of the bank

---

N	Name of affiliated person	Nature of the affiliated person's relations with the bank (holding company, subsidiary, sister company, etc.)	Percentage of ownership of shares/interest depending on the relation to the bank[1] (%)	Name of the affiliated person/main activity	Note
1
2
...
n

---

[1] For example: a) the Bank owns 50% of the shares of company B; b) holding company A owns 55% of the shares of the bank; c) the bank's holding company owns 100% of the shares of sister company D.

position signature surname, name, patronymic

---

".

3.6. Section 11 shall be supplemented with subsections 11.E, 11.Zh, 11.Z, 11.I and 11.K as follows:

"11.E. Brief information on active transactions with insiders

(thousand soms)

---

N	Information about the insider
	------
	Name of the insider	Group	Total balance-sheet indebtedness/total amount of contracts for the insider's transactions
			------	------
			Loans and financial lease/assets carrying any types of risk	Interest rate/valuation and other forms of remuneration and interest
---	---	---	---	---
1	2	3	4	5
1
2
3
4
...
9
10
...
...
101	Total transactions with insiders
102	Largest indebtedness/large contract per one insider

---

position signature surname, name, patronymic

---

11.Zh. General information on transactions with insiders

---

N	Full name of the insider	Amount of transaction (thousand soms)	Type of transaction[1]	Date of commencement of transaction	Term and date of completion of transaction[2]	Collateral in relation to the loan/asset provided
1	Example 1: Full name, Chairman of the Management Board of the bank;
2	Full name, brother of the Chairman of the Management Board of the bank;
3	Company X, the father of the Chairman of the Management Board of the bank owns 50% of the shares of company X
4	Example 2: Owners of large blocks of shares of the bank
...
n

---

[1] Indicate the type of transaction (loan, guarantee, sale/purchase of an asset, services, etc.).

[2] For loans, off-balance-sheet liabilities, contracts, etc.

[3] Describe the main terms of the transaction.

position signature surname, name, patronymic

---

11.Z. Information on persons included in the circle of relatives of the insider

---

N	Full name of the insider	Position held in the bank	Full name of the close relative	Degree of kinship (parents, spouse, etc.)
1
2
...
n

---

position signature surname, name, patronymic

---

11.I. Information on other related persons

---

N	Full name of the insider	Position held in the bank	Full name of the related person	Disclosure of the degree of relatedness
1
2
...
n

---

position signature surname, name, patronymic

---

11.K. Information on legal entities in which insiders of the bank, persons included in the circle of relatives of the insider or other related persons possess control

---

N	Full name of the insider	Position held in the bank	Name of the legal entity/main activity	Relation to the insider and share (in %%) of ownership of shares of the legal entity
1
2
...
n

---

position signature surname, name, patronymic

---

".

3.7. Section 16 shall be supplemented with subsections 16.A and 16.B as follows:

"16.A. Daily report on open currency positions (OCP) for transactions carried out in accordance with Islamic principles of financing as of ..200__

NTC as of "01" ______ year: ______ thousand soms

---

Type of currency	NBKR accounting rate	Amount of OCP (thousand soms)	Including:	Balances on outstanding spot transactions	Amount on OCP (% of NTC)	Deviation from the limit norm (%)
			Balance	Off-balance-sheet
---	---	---	---	---	---	---
Total OCP:

---

position signature surname, name, patronymic

---

16.B. Consolidated daily report on open currency positions (OCP) as of ..200__

NTC as of "01" ______ year: ______ thousand soms

---

Type of currency	NBKR accounting rate	Amount of OCP (thousand soms)	Including:	Balances on outstanding spot transactions	Amount on OCP (% of NTC)	Deviation from the limit norm (%)
			Balance	Off-balance-sheet
---	---	---	---	---	---	---
Total OCP:

---

position signature surname, name, patronymic

---

".