Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2/2 of 18.01.2012 on Some Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of January 18, 2012 No. 2/2

On Some Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

Having considered the changes and additions to some regulatory legal acts of the National Bank of the Kyrgyz Republic, the Board of the National Bank of the Kyrgyz Republic

RESOLVES:

Approve the changes and additions to the Regulation "On the Periodic Regulatory Report of a Microfinance Company," approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated May 27, 2009 No. 25/3, registered in the Ministry of Justice of the Kyrgyz Republic on July 3, 2009, registration number 67-09, and to the Regulation "On the Periodic Regulatory Report of a Microcredit Company/Microcredit Agency" approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated May 27, 2009 No. 25/3, registered in the Ministry of Justice of the Kyrgyz Republic on July 3, 2009, registration number 67-09 (attached).
Approve new editions of Appendices 1 and 2 to the Regulation "On the Periodic Regulatory Report of a Credit Union" (attached).
Approve new editions of Appendices 1 and 2 to the Regulation "On the Periodic Regulatory Report of a Microcredit Company/Microcredit Agency" (attached).
Approve new editions of Appendices 1 and 2 to the Regulation "On the Periodic Regulatory Report of a Microfinance Company" (attached).
Microfinance companies and credit unions shall submit periodic regulatory reports in accordance with this Resolution of the Board of the National Bank, starting with the report for the second quarter of 2012. Microcredit companies and microcredit agencies shall submit periodic regulatory reports in accordance with this Resolution, starting with the report for the third quarter of 2012.
After official publication, the Legal Department shall send this Resolution to the Ministry of Justice of the Kyrgyz Republic for inclusion in the State Register of Regulatory Legal Acts of the Kyrgyz Republic.
The Department of Supervision of Non-Banking Institutions shall bring this Resolution to the attention of microfinance organizations, credit unions, regional departments, and the Batken Representative Office of the National Bank of the Kyrgyz Republic.
Control over the implementation of this Resolution shall be entrusted to the Deputy Chairman of the National Bank of the Kyrgyz Republic Z.L. Chokoev.


Chairman	Z. Asankozhoeva


	Approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated January 18, 2012 No. 2/2

CHANGES AND ADDITIONS

to some regulatory legal acts of the National Bank of the Kyrgyz Republic

I. Make the following changes and additions to the Regulation "On the Periodic Regulatory Report of a Microfinance Company," approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated May 27, 2009 No. 25/3, registered in the Ministry of Justice of the Kyrgyz Republic on July 3, 2009, registration number 67-09:

Introduce continuous numbering of paragraphs throughout the text of the Regulation.
Throughout the text of the Regulation, replace the abbreviation "NBKR" with the words "National Bank" in the appropriate grammatical cases.
Rephrase Paragraph 10 as follows: "The PRR consists of 13 sections:

Title page;

Information on members of the Board of Directors and the Management Board of the MFC;

Information on certain officials of the company;

Basic information on the MFC;

Section 1. Regulatory report on financial condition;
Section 2. Report on total income;
Section 3. Capital;
Section 4. Information on overdue assets, asset classification and off-balance sheet obligations by risk degree;
Section 5. Deposits broken down by amounts and maturity terms;
Section 6. Sensitivity analysis of MFC assets and liabilities to changes in interest rates (GAP-analysis) and their maturity terms;
Section 7. Changes in reserves for possible credit losses;
Section 8. Information on large risks;
Section 9. Information on transactions with employees;
Section 10. Information on compliance with economic standards;
Section 11. Information on loans to clients;
Section 12. Disclosures;
Section 13. Report on foreign assets and liabilities;
'Report on Private Debt Obligation/Creditor Debt' Form No. 1-ND; 'Report on Servicing of Debt Obligation/Creditor Debt' Form No. 2-ND; 'Notification of an Account (Deposit) Opened in a Foreign Bank'; 'Report on Balances of Funds in Accounts or Deposits of Residents in Foreign Banks'."

Rephrase Paragraph 13 as follows: "13. Electronic versions of the PRR (except for Section 13) are transmitted to the Department of Supervision of Non-Banking Institutions of the National Bank (DSNBI). Sections 1, 5, and 13 are also provided to the Department of Financial Statistics and Review of the NBKR (DFSR)."
Rephrase Paragraph 14 as follows: "MFCs located in the regions of the Kyrgyz Republic submit the PRR to the corresponding regional department (RD) or the Batken Representative Office of the National Bank on paper and electronic media. Sections 1, 5, and 13 are forwarded by the RD and the Batken Representative Office to the DFSR."

II. Make the following changes and additions to the Regulation "On the Periodic Regulatory Report of a Microcredit Company/Microcredit Agency," approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated May 27, 2009 No. 25/3, registered in the Ministry of Justice of the Kyrgyz Republic on July 3, 2009, registration number 67-09:

In Paragraph 3.3 of the Regulation, replace the words "2nd half-year" with "4th quarter."
In Paragraph 3.4 of the Regulation, replace the words "no later than" with "by."
Supplement Paragraph 3.5 of the Regulation with new table titles D. "Information on Problematic Borrowers" and Table E. "Information on Parallel Loans."
In Paragraph 4.3 of the Regulation, after the words "from sections 1 to 4," add the words ", Section 6."
In Paragraph 4.4 of the Regulation, exclude the words "for the half-yearly report - within 10 working days from the date of receipt of the report."
In Paragraph 4.8 of the Regulation, replace the word "half-yearly" with "quarterly."


	Appendix 1 to the Regulation "On the Periodic Regulatory Report of a Credit Union," approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated January 18, 2012 No. 2/2

COMPOSITION

of the periodic regulatory report of a credit union

┌─┬─────────────────────────────┬─────────────┬───────────────────────┐

│№│ Name of Form │Periodicity│ Submission Deadlines │

├─┼─────────────────────────────┼─────────────┼───────────────────────┤

│1│Balance Sheet (Assets) │Quarterly │Reports for Q1, Q2, and Q3 │

├─┼─────────────────────────────┤ │within 20 calendar days from │

│2│Balance Sheet │ │the end of the reporting │

│ │(Liabilities and Equity) │ │period. Annual report (for │

├─┼─────────────────────────────┤ │Q4) no later than February 1 │

│3│Profit and Loss Statement │ │of the year following the │

├─┼─────────────────────────────┤ │reporting year │

│4│Information on Credit │ │ │

│ │Portfolio │ │ │

├─┼─────────────────────────────┤ │ │

│5│Information on Large │ │ │

│ │Borrowers of the Credit │ │ │

│ │Union │ │ │

├─┼─────────────────────────────┤ │ │

│6│Information on Large │ │ │

│ │Problematic Borrowers of the │ │ │

│ │Credit Union │ │ │

├─┼─────────────────────────────┤ │ │

│7│Report on Deposit │ │ │

│ │(Deposit) Operations of CU │ │ │

├─┼─────────────────────────────┤ │ │

│8│Other Information │ │ │

├─┼─────────────────────────────┤ │ │

│9│Information on Compliance │ │ │

│ │with Economic Standards │ │ │

└─┴─────────────────────────────┴─────────────┴───────────────────────┘


	Appendix 2 to the Regulation "On the Periodic Regulatory Report of a Credit Union," approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated January 18, 2012 No. 2/2

PERIODIC REGULATORY REPORT

of a credit union


	Appendix 1 to the Regulation "On the Periodic Regulatory Report of a Microcredit Company/Microcredit Agency," approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated January 18, 2012 No. 2/2

COMPOSITION

of the Periodic Regulatory Report of a Microcredit Company/Microcredit Agency

┌──┬────────┬─────────────────┬─────────────┬─────────────┬───────────┐

│ │ Section│ Name │Periodicity│ Submission │Note or │ │ │ │ │ │Deadlines │Link to │ │ │ │ │ │ │Regulatory│ │ │ │ │ │ │Act │

├──┼────────┼─────────────────┼─────────────┼─────────────┼───────────┤

│1 │ │Title Page │Quarterly │within 20 │Attached to│ │ │ │ │For MCC/MCA │calendar days│Sections │ │ │ │ │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │period │ │ │ │ │ │ │ │ │ │ │ │ │Annual │by February 1│ │ │ │ │ │For MCC/MCA │of the year │ │ │ │ │ │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │period │ │

│2 │ │Information on │Annual │by February 1│Attached to│ │ │ │Members of the │ │of the year │Sections │ │ │ │Board of Directors│ │following the│ │ │ │ │of the Bank and │ │reporting │ │ │ │ │Management Board │ │year │ │ │ │ │ │ │ │ │ │ │ │ │Upon │within 20 │ │ │ │ │ │changes │calendar days│ │ │ │ │ │during the │after the │ │ │ │ │ │year │adoption of │ │ │ │ │ │For MCC/MCA │changes │ │

│3 │ │Information on │Annual │by February 1│Attached to│ │ │ │Certain Officials │ │of the year │Sections │ │ │ │ │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │year │ │ │ │ │ │Upon │within 10 │ │ │ │ │ │changes │calendar days│ │ │ │ │ │during the │after the │ │ │ │ │ │year │adoption of │ │ │ │ │ │For MCC/MCA │changes │ │

│4 │ │Basic Information │Annual │by February 1│Attached to│ │ │ │ │ │of the year │Sections │ │ │ │ │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │year │ │ │ │ │ │Upon │within 10 │ │ │ │ │ │changes │calendar days│ │ │ │ │ │during the │after the │ │ │ │ │ │year │adoption of │ │ │ │ │ │For MCC/MCA │changes │ │

│5 │Section 1│Regulatory Report │Quarterly │within 20 │ │ │ │ │on Financial │For MCC/MCA │calendar days│ │ │ │ │Condition │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │period │ │ │ │ │ │Annual │by February 1│ │ │ │ │ │For MCC/MCA │of the year │ │ │ │ │ │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │period │ │

│6 │Section 2│Report on Total │Quarterly │within 20 │ │ │ │ │Income │For MCC/MCA │calendar days│ │ │ │ │ │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │period │ │ │ │ │ │Annual │by February 1│ │ │ │ │ │For MCC/MCA │of the year │ │ │ │ │ │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │period │ │

│7 │Section 3│Information on │Quarterly │within 20 │ │ │ │ │Credit Portfolio │For MCC/MCA │calendar days│ │ │ │ │A. Asset │ │following the│ │ │ │ │Classification by │ │reporting │ │ │ │ │Risk Degree │ │period │ │ │ │ │B. Lending Methods│ │ │ │ │ │ │C. Breakdown by │Annual │by February 1│ │ │ │ │Industries and │For MCC/MCA │of the year │ │ │ │ │Regions │ │following the│ │ │ │ │D. Information on │ │reporting │ │ │ │ │Issued Loans │ │period │ │ │ │ │E. Information on │ │ │ │ │ │ │Problematic │ │ │ │ │ │ │Borrowers │ │ │ │ │ │ │F. Information on │ │ │ │ │ │ │Parallel Loans │ │ │ │ │ │ │G. Information on │ │ │ │ │ │ │Volumes of Issued │ │ │ │ │ │ │Loans by Industry │ │ │ │ │ │ │and by Region │ │ │ │

│8 │Section 4│Self-Assessment │Annual │By February 1│ │ │ │ │Report │For MCC/MCA │of the year │ │ │ │ │ │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │period │ │

│9 │Section 5│Report on Foreign │Quarterly │By the 20th │ │ │ │ │Assets and │For MCC/MCA │of the month │ │ │ │ │Liabilities │ │following the│ │ │ │ │ │ │reporting │ │ │ │ │ │ │quarter │ │

│10│Section 6│Disclosures │Quarterly │within 20 │ │ │ │ │A. Obligations │For MCC/MCA │calendar days│ │ │ │ │B. Information on │ │following the│ │ │ │ │Lending Terms │ │reporting │ │ │ │ │C. Gender │ │period │ │ │ │ │Composition of │ │ │ │ │ │ │MCC/MCA Borrowers │ │ │ │ │ │ │D. Personnel │Annual │by February 1│ │ │ │ │Information │For MCC/MCA │of the year │ │ │ │ │E. Information on │ │following the│ │ │ │ │Retail Banking │ │reporting │ │ │ │ │Services via │ │period │ │ │ │ │Agency Agreements │ │ │ │ │ │ │with Banks │ │ │ │ │ │ │F. Breakdown of │ │ │ │ │ │ │Operations in │ │ │ │ │ │ │Financial and │ │ │ │ │ │ │Investment Units │ │ │ │

└──┴────────┴─────────────────┴─────────────┴─────────────┴───────────┘


	Appendix 2 to the Regulation "On the Periodic Regulatory Report of a Microcredit Company/Microcredit Agency," approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated January 18, 2012 No. 2/2

PERIODIC REGULATORY REPORT OF MCC/MCA


	Appendix 1 to the Regulation "On the Periodic Regulatory Report of a Microfinance Company," approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic dated January 18, 2012 No. 2/2

COMPOSITION

of the periodic regulatory report of a microfinance company

┌──┬──────┬─────────────────────┬────────────┬────────────┬───────────┐

│№ │Section│ Name │Frequency │Submission │Note or │ │ │ │ │ │Deadlines │Link to │ │ │ │ │ │ │Regulatory│ │ │ │ │ │ │Act │

├──┼──────┼─────────────────────┼────────────┼────────────┼───────────┤

│1 │ │Title Page │Annually │by February 1│Attached to│ │ │ │ │ │of the year │Sections │ │ │ │ │ │following the│13 │ │ │ │ │ │reporting │ │ │ │ │ │ │year │ │ │ │ │ │ │ │ │ │ │ │ │Quarterly │within 12 │ │ │ │ │ │For MFCs │calendar days│ │ │ │ │ │attracting │following the│ │ │ │ │ │deposits, │reporting │ │ │ │ │ │Monthly │period │ │

│2 │ │Information on │Annually │by February 1│Attached to│ │ │ │Members of the │ │of the year │Sections │ │ │ │Board of Directors │ │following the│13 │ │ │ │of the Bank and │ │reporting │ │ │ │ │Management Board of │ │year │ │ │ │ │MFC │ │ │ │ │ │ │ │ │ │ │ │ │ │ │Upon │within 12 │ │ │ │ │ │changes │calendar days│ │ │ │ │ │ │after the │ │ │ │ │ │ │adoption of │ │ │ │ │ │ │changes │ │

│3 │ │Information on │Annually │by February 1│Attached to│ │ │ │Certain Officials of │ │of the year │Sections │ │ │ │MFC │ │following the│13 │ │ │ │ │ │reporting │ │ │ │ │ │ │year │ │ │ │ │ │ │ │ │ │ │ │ │Upon │within 12 │ │ │ │ │ │changes │calendar days│ │ │ │ │ │ │after the │ │ │ │ │ │ │adoption of │ │ │ │ │ │ │changes │ │

│4 │ │Basic Information on │Annually │by February 1│Attached to│ │ │ │MFC │ │of the year │Sections │ │ │ │ │ │following the│13 │ │ │ │ │ │reporting │ │ │ │ │ │ │year │ │ │ │ │ │ │ │ │ │ │ │ │Upon │within 12 │ │ │ │ │ │changes │calendar days│ │ │ │ │ │ │after the │ │ │ │ │ │ │adoption of │ │ │ │ │ │ │changes │ │

No.	Section	Report Content	Frequency	Deadline
5	Section 1	Regulatory report on financial condition<br>A. Assets<br>B. Liabilities<br>C. Capital<br>D. Breakdown of liabilities<br>E. Breakdown of credit portfolio	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
6	Section 2	Report on total income<br>A. Interest income<br>B. Interest expenses<br>C. Non-interest income<br>D. Non-interest expenses<br>E. Operational and administrative expenses	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
7	Section 3	Capital<br>A. Changes in capital structure<br>B. Reference information on shares and other securities of MFCs<br>C. Changes in undistributed profits	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
8	Section 4	Information on overdue assets, classification of assets and off-balance sheet obligations by risk level<br>A. Information on overdue assets<br>B. Classification of assets and off-balance sheet obligations by risk level<br>C. Information on issued loans<br>D. Information on issued loans by region<br>E. Lending methods<br>F. Gender composition of borrowers<br>G. Classification of loans by risk level by region of the Kyrgyz Republic<br>H. Other information by region of the Kyrgyz Republic<br>I. Information on problematic borrowers<br>J. Information on parallel loans	Annually	By February 1 of the year following the reporting year
9	Section 5	Deposits<br>A. Deposits broken down by amounts<br>B. Movement of deposits during the reporting period<br>C. Deposits by maturity dates	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
10	Section 6	A. Analysis of sensitivity of assets and liabilities to changes in interest rates (GAP analysis)<br>B. Analysis of assets and liabilities by maturity dates	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
11	Section 7	Changes in Loan Loss Provisions (LLP)<br>A. Changes in reserves for possible credit losses<br>B. Information on assets and off-balance sheet obligations written off against LLP and recovered (previously written off)	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
12	Section 8	A. Information on major risks<br>B. General information on transactions with affiliated persons	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
13	Section 9	Information on transactions with employees	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
14	Section 10	Information on compliance with economic norms<br>Temporary Rules for regulating the activities of MFCs approved by Resolution of the Board of the NBKR No. 4/2 dated 19.02.03, reg. number of the Ministry of Justice of the Kyrgyz Republic No. 29-03 dated 25.03.03	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
15	Section 11	Information on loans to clients	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
16	Section 12	Disclosures<br>A. Information on the implementation of retail banking services under an agency agreement with the bank<br>B. Breakdown of operations in FUI and investments	Annually<br>Quarterly<br>For MFCs attracting deposits, monthly	By February 1 of the year following the reporting year<br>Within 12 calendar days following the reporting period
17	Section 13	Report on foreign assets and liabilities	Quarterly	By the 20th of the month following the reporting quarter

	Appendix 2 to Regulation "On the periodic regulatory report of a microfinance company", approved by Resolution of the Board of the National Bank of the Kyrgyz Republic dated January 18, 2012 No. 2/2

PERIODIC REGULATORY REPORT OF AN MFC

Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2/2 of 18.01.2012 on Some Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

COMPOSITION

of the periodic regulatory report of a credit union

COMPOSITION

of the Periodic Regulatory Report of a Microcredit Company/Microcredit Agency

COMPOSITION

of the periodic regulatory report of a microfinance company

PERIODIC REGULATORY REPORT OF AN MFC

Lineage: In force

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