Resolution of the Board of the National Bank of the Kyrgyz Republic No. 18/1 of July 21, 2004 on Approval of the Regulation on Economic Norms and Requirements Mandatory for Commercial Banks and Financial Credit Institutions Licensed by the National Bank of the Kyrgyz Republic

Registered in the Ministry of Justice of the Kyrgyz Republic

August 23, 2004. Registration number 93-04

Bishkek

July 21, 2004 No. 18/1

RESOLUTION OF THE BOARD OF THE NATIONAL BANK

OF THE KYRGYZ REPUBLIC

On Approval of the Regulation on Economic Norms

and Requirements Mandatory for Commercial

Banks and Financial Credit Institutions

Licensed by the National Bank of the Kyrgyz Republic

Having considered the draft Regulation on Economic Norms and Requirements Mandatory for Commercial Banks and Financial Credit Institutions Licensed by the National Bank of the Kyrgyz Republic, guided by Articles 7, 30, 43 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic", Articles 39, 39-1 of the Law of the Kyrgyz Republic "On Banks and Banking Activity in the Kyrgyz Republic", the Board of the National Bank of the Kyrgyz Republic resolves:

1. Approve the Regulation on Economic Norms and Requirements Mandatory for Commercial Banks and Financial Credit Institutions Licensed by the National Bank of the Kyrgyz Republic (attached).

2. The Management of Supervision and Licensing Methodology, jointly with the Legal Department, to carry out the state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic in the established manner.

3. The Department of External and Public Relations to publish this resolution in the official publication of the National Bank of the Kyrgyz Republic within 10 days after the state registration in the Ministry of Justice of the Kyrgyz Republic.

4. This resolution shall enter into force upon the expiration of 30 days from the moment of its publication.

5. From the moment of entry into force of this resolution, recognize as invalid the following resolutions of the Board of the National Bank of the Kyrgyz Republic:

• No. 44/1 of November 21, 2001 "On the new edition of the Rules for Regulating the Activities of Commercial Banks and Other Financial Credit Institutions Licensed by the National Bank of the Kyrgyz Republic on the Territory of the Kyrgyz Republic";

• No. 22/3 of July 18, 2003 "On Amendments and Additions to the Rules for Regulating the Activities of Commercial Banks and Other Financial Credit Institutions Licensed by the National Bank of the Kyrgyz Republic on the Territory of the Kyrgyz Republic".

6. The Management of Supervision and Licensing Methodology to bring this resolution to the attention of the regional (oblast) departments and the Batenk Representative Office of the National Bank of the Kyrgyz Republic, commercial banks, AOOT "Calculation-Savings Company", and the Kyrgyz Agricultural Financial Corporation.

7. Entrust control over the implementation of this resolution to the Deputy Chairman of the National Bank of the Kyrgyz Republic G.M. Omurzakova.

Chairman of the Board of the National
Bank of the Kyrgyz Republic U. Sarbanov