Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2/3 of 18 January 2012 on the Minimum Amount of Capital (Own Funds) of Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic LLC

CEASES TO BE IN FORCE

from 1 May 2013 in accordance with Resolution of the Board of the National Bank of the Kyrgyz Republic No. 48/9 of 12 December 2012

NATIONAL BANK OF THE KYRGYZ REPUBLIC

RESOLUTION

of 18 January 2012 No. 2/3

On the minimum amount of capital (own funds) of Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic LLC

In order to ensure the effective and sustainable development of Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic LLC, to strengthen the reliability and security of the credit union system, in accordance with Article 31 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic" and Articles 11 and 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. To establish the prudential standard for the minimum amount of capital (own funds) for Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic LLC from 1 February 2012 in the amount of not less than 78 million soms.

2. The procedure for calculating the minimum amount of capital (own funds) is determined in accordance with the Instruction on determining capital adequacy standards for commercial banks of the Kyrgyz Republic, approved by Resolution of the Board of the National Bank No. 18/2 of 21 July 2004.

3. This resolution enters into force from the moment of signing.

4. To publish this resolution on the official website of the National Bank of the Kyrgyz Republic.

5. The Non-Bank Institutions Supervision Department shall bring this resolution to the attention of Financial Company for Support and Development of Credit Unions in the Kyrgyz Republic LLC.

6. To assign control over the execution of this resolution to the Deputy Chairman of the Board of the National Bank Chokoev Z.L.

Chairman	Z. Asankozhoeva