Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2021-П-15/63-1-(НПА) of 17 November 2020 on Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of Minimum Requirements for the Formation of a Loan Portfolio Accepted as Collateral" of 27 December 2017 No. 2017-П-15/54-4-(НПА)

RESOLUTION OF THE BOARD OF THE NATIONAL BANK OF THE KYRGYZ REPUBLIC

17 November 2020 No. 2021-П-15/63-1-(НПА)

On Amending the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of Minimum Requirements for the Formation of a Loan Portfolio Accepted as Collateral" of 27 December 2017 No. 2017-П-15/54-4-(НПА)

In accordance with Articles 20 and 68 of the Law of the Kyrgyz Republic "On the National Bank of the Kyrgyz Republic, Banks and Banking Activity", the Board of the National Bank of the Kyrgyz Republic resolves:

1. To introduce amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of Minimum Requirements for the Formation of a Loan Portfolio Accepted as Collateral" of 27 December 2017 No. 2017-П-15/54-4-(НПА) (attached).

2. This resolution enters into force upon the expiry of fifteen days from the day of its official publication.

3. The Legal Department shall:

• 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 Normative Legal Acts of the Kyrgyz Republic.

4. The Accounting and Reporting Department shall bring this resolution to the attention of commercial banks of the Kyrgyz Republic, the relevant structural subdivisions of the National Bank of the Kyrgyz Republic, regional departments and the representative office of the National Bank of the Kyrgyz Republic in Batken Oblast.

5. Control over the execution of this resolution shall be entrusted to the member of the Board of the National Bank of the Kyrgyz Republic supervising the Accounting and Reporting Department.

Chairman	K. Bokontaev

Annex to the Resolution of the Board of the National Bank of the Kyrgyz Republic of 17 November 2021 No. 2021-П-15/63-1-(НПА)

Amendments to the Resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of Minimum Requirements for the Formation of a Loan Portfolio Accepted as Collateral" of 27 December 2017 No. 2017-П-15/54-4-(НПА)

To introduce the following amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of Minimum Requirements for the Formation of a Loan Portfolio Accepted as Collateral" of 27 December 2017 No. 2017-П-15/54-4-(НПА):

In the Minimum Requirements for the Formation of a Loan Portfolio Accepted as Collateral, approved by the above-mentioned resolution:

• point 9 shall be restated as follows:

"9. The total share of the leasing portfolio in the structure of the collateral provided for the loan portfolio shall not exceed 20%.";

• in point 15:

sub-point 5 shall be restated as follows:

"5) Motor vehicles, where they serve as additional collateral to the main collateral in the form of immovable property, in an amount not exceeding 10% of the principal amount of the loan;";

be supplemented with sub-point 8 as follows:

"8) gold in the form of refined measured bars issued by the National Bank (as a pledge).".