Resolution of the Board of the National Bank of the Kyrgyz Republic No. 18/2 of July 21, 2004 on Approving the New Edition of the Instruction on Determining Capital Adequacy Standards for Commercial Banks of the Kyrgyz Republic

Registered in the Ministry of Justice of the Kyrgyz Republic

August 23, 2004. Registration number 94-04

Bishkek

July 21, 2004 No. 18/2

RESOLUTION OF THE BOARD OF THE NATIONAL BANK

OF THE KYRGYZ REPUBLIC

On Approving the New Edition of the Instruction

on Determining Capital Adequacy Standards

for Commercial Banks of the Kyrgyz Republic

Having considered the draft of the new edition of the Instruction on determining capital adequacy standards for commercial banks of the Kyrgyz Republic,

guided by Articles 7, 43 of the Law of the Kyrgyz Republic, 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 new edition of the Instruction on determining capital adequacy standards for commercial banks 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 edition of the National Bank of the Kyrgyz Republic within 10 days after its 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 Resolutions of the Board of the National Bank of the Kyrgyz Republic according to the attached list.

6. The Management of Supervision and Licensing Methodology to bring this Resolution to the attention of the regional (oblast) departments and the Batenkoy representation of the National Bank of the Kyrgyz Republic, commercial banks, AOOT "Raschetno-Sberegelnaya 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

Appendix
to the Resolution of the Board of the National Bank of the Kyrgyz Republic

of July 21, 2004 No. 18/2

LIST

of Resolutions of the Board of the National Bank of the Kyrgyz Republic (separate points), which have lost force in accordance with the Resolution of the Board of the NBR No. 18/2 of July 21, 2004

1. Resolution of the Board of the National Bank of the Kyrgyz Republic No. 19/3 of August 12, 1998 "On the new edition of the Instruction on determining the capital adequacy standard for commercial banks of the Kyrgyz Republic".

2. Point III of the Changes and Additions to some regulatory acts of the NBR, approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic No. 24/1 of September 16, 1998 "On making changes and additions to some regulatory acts of the National Bank of the Kyrgyz Republic".

3. Point VI of the Changes and Additions to some regulatory documents of the NBR, approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic No. 30/5 of November 17, 1998 "On making changes and additions to some regulatory documents of the National Bank of the Kyrgyz Republic".

4. Point 5 of the Resolution of the Board of the National Bank of the Kyrgyz Republic No. 44/1 of November 21, 2001 "On making changes and additions to some regulatory acts of the National Bank of the Kyrgyz Republic".

5. Resolution of the Board of the National Bank of the Kyrgyz Republic No. 48/1 of December 26, 2001 "On the draft of changes and additions to the Instruction on determining the capital adequacy standard for commercial banks of the Kyrgyz Republic".

6. Points 3 and 4 of the Changes and Additions to the regulatory acts of the National Bank of the Kyrgyz Republic, approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic No. 47/5 of December 5, 2002 "On some changes and additions to the regulatory acts of the National Bank of the Kyrgyz Republic".