Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2019-P-07/64-3-(DKP) of 18 December 2019 on Amendments to the Resolution on Mandatory Reserve Requirements for Banks

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Date of creation: 2019-12-20

Resolution of the Board

National Bank

of the

Kyrgyz Republic

of "18" December 2019

No. 2019-P-07/64-3-(DKP)

On Amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Mandatory Reserve Requirements for Banks"

of 13 March 2019 No. 2019-P-07/10-2-(DKP)

In accordance with Articles 20, 27 and 68 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic, Banks and Banking Activity" and the Regulation "On Mandatory Reserves", approved by the Resolution of the Board of the National Bank of the Kyrgyz Republic of 13 March 2019

No. 2019-P-07/10-1-(DKP), the Board of the National Bank of the Kyrgyz Republic resolves:

1. Make the following amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Mandatory Reserve Requirements for Banks" of 13 March 2019 No. 2019-P-07/10-2-(DKP) (attached).

2. Legal Department:

• publish this Resolution on the official website of the National Bank of the Kyrgyz Republic;

• after official publication, 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.

3. Economic Department to bring this Resolution to the attention of banks.

4. This Resolution enters into force on 1 January 2020.

5. Control over the implementation of this Resolution is entrusted to the Member of the Board of the National Bank of the Kyrgyz Republic overseeing the Economic Department.

Chairman T. Abdygulov

Appendix

to the Resolution of the Board

of the National Bank

of the Kyrgyz Republic

of "18" December 2019

No. 2019-P-07/64-3-(DKP)

Amendments

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

"On Mandatory Reserve Requirements for Banks"

of 13 March 2019 No. 2019-P-07/10-2-(DKP)

1. Make the following changes to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Mandatory Reserve Requirements for Banks" of 13 March

2019 No. 2019-P-07/10-2-(DKP):

• reword the Appendix to the Resolution as follows:

"Appendix

to the Resolution of the Board

of the National Bank

of the Kyrgyz Republic

of "____" ___20 g.

No.______

List of Liabilities for Calculating Mandatory Bank Reserves*

No.

Types of Liabilities

Indicator Code

Name of Indicator

Checking Accounts

Checking accounts of other financial and credit organizations (except for the Development Fund of the Kyrgyz Republic)

Checking accounts of commercial organizations

Checking accounts of non-commercial organizations

Checking accounts of individuals and individual entrepreneurs

Checking accounts of legal entities - non-residents

Checking accounts of the Development Fund of the Kyrgyz Republic

Checking accounts of other financial and credit organizations - non-residents

Checking accounts of individuals and individual entrepreneurs - non-residents

Demand Deposits

Demand deposits of other financial and credit organizations (except for the Development Fund of the Kyrgyz Republic)

Demand deposits of commercial organizations

Demand deposits of non-commercial organizations

Demand deposits of individuals and individual entrepreneurs

Demand deposits of legal entities - non-residents

Demand deposits of the Development Fund of the Kyrgyz Republic

Demand deposits of other financial and credit organizations - non-residents

Demand deposits of individuals and individual entrepreneurs - non-residents

Term Deposits

Term deposits of other financial and credit organizations (except for the Development Fund of the Kyrgyz Republic)

Term deposits of commercial organizations

Term deposits of non-commercial organizations

Term deposits of individuals and individual entrepreneurs

Term deposits of legal entities - non-residents

Term deposits of the Development Fund of the Kyrgyz Republic

Term deposits of other financial and credit organizations - non-residents

Term deposits of individuals and individual entrepreneurs - non-residents

Accounts and Deposits of the Government of the KR and Local Authorities

Accounts of the Treasury of the Kyrgyz Republic

Accounts of the Social Fund of the Kyrgyz Republic

Deposits of the Social Fund of the Kyrgyz Republic

Deposits of the Ministry of Finance of the Kyrgyz Republic

Deposits of local authorities

Deposits of other government institutions

Unallocated Metal Demand Accounts

Unallocated metal demand accounts of other financial and credit organizations

Unallocated metal demand accounts of commercial organizations

Unallocated metal demand accounts of non-commercial organizations

Unallocated metal demand accounts of individuals and individual entrepreneurs

Unallocated metal demand accounts of legal entities - non-residents

Unallocated metal demand accounts of individuals and individual entrepreneurs - non-residents

Unallocated metal demand accounts of other financial and credit organizations - non-residents

Term Unallocated Metal Accounts

Term unallocated metal accounts of other financial and credit organizations

Term unallocated metal accounts of commercial organizations

Term unallocated metal accounts of non-commercial organizations

Term unallocated metal accounts of individuals and individual entrepreneurs

Term unallocated metal accounts of legal entities - non-residents

Term unallocated metal accounts of individuals and individual entrepreneurs - non-residents

Term unallocated metal accounts of other financial and credit organizations - non-residents

• The list of liabilities included in the calculation base does not include bank deposits."

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