Resolution of the Board

of the National Bank

of the Kyrgyz Republic

of 23 March 2022

No. 2022-П-12/17-4-(НПА)

On Amendments

to Certain Regulatory Legal Acts

of the National Bank of the Kyrgyz Republic in the Sphere of Accounting

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 Activities", the Board of the National Bank of the Kyrgyz Republic resolves:

1. To introduce amendments to the following resolutions of the Board of the National Bank of the Kyrgyz Republic (attached):

• "On Approval of the Instruction on Determining Standards of Capital Sufficiency (Adequacy) of Commercial Banks of the Kyrgyz Republic" of 21 July 2004 No. 18/2;

• "On Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic" of 25 August 2005 No. 26/5;

• "On Approval of the Chart of Accounts for Accounting in Commercial Banks and Other Financial and Credit Organizations of the Kyrgyz Republic" of 30 May 2007 No. 28/3;

• "On Approval of the Regulation on Requirements for the Chart of Accounts for Accounting in Commercial Banks and Other Financial and Credit Organizations of the Kyrgyz Republic" of 20 December 2007 No. 54/9;

• "On Approval of the Regulation "On Requirements for the Formation of Financial Statements of Commercial Banks of the Kyrgyz Republic" of 12 March 2010 No. 6/2;

• "On Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic" of 14 September 2011 No. 52/4;

• "On Approval of the Regulation "On Consolidated Supervision" and the Regulation

• "On Periodic Regulatory Consolidated Reporting" of 28 June 2019 No. 2019-П-12/34-4-(НПА).

2. This resolution enters into force upon the expiry of 15 days from the day of official publication.

3. To the Legal Department:

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

• after official publication, to 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.

4. To the Department of Supervision Methodology and Licensing of Banks to bring this resolution to the attention of the Legal Entity Association "Union of Banks of Kyrgyzstan", commercial banks, OJSC "Financial Company of Credit Unions", OJSC "Guarantee Fund", relevant structural subdivisions, regional departments, and the representative office of the National Bank of the Kyrgyz Republic in Batken Oblast.

5. To assign control over the execution of this resolution to the member of the Board of the National Bank of the Kyrgyz Republic supervising the Department of Supervision Methodology and Licensing of Banks.

Chairman K. Bokontaev

Annex
to the resolution of the Board of the National Bank of the Kyrgyz Republic of 23 March 2022 No. 2022-П-12/17-4-(НПА)

Amendments

to Certain Regulatory Legal Acts

of the National Bank of the Kyrgyz Republic in the Sphere of Accounting

1. To introduce the following amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the Instruction on Determining Standards of Capital Sufficiency (Adequacy) of Commercial Banks of the Kyrgyz Republic" of 21 July 2004 No. 18/2:

in the Instruction on Determining Standards of Capital Sufficiency (Adequacy) of Commercial Banks of the Kyrgyz Republic, approved by the above-mentioned resolution:

• to restate the first paragraph of clause 7.3 as follows:

"7.3. The names of most reporting items fully correspond to the names of individual accounts or groups of accounts of the Chart of Accounts for Accounting in Commercial Banks and Financial and Credit Organizations Licensed by the National Bank. However, the completion of individual items has certain specifics. Thus, in each item of the part "Securities Portfolio" (items 130-230), the nominal value of the corresponding type of securities is indicated, taking into account discount/premiums and fair value adjustment, regardless of their classification. For example, in item 130 "Securities Issued by the Government of the Kyrgyz Republic and/or the National Bank", the amount of the nominal value of securities issued by the Government of the Kyrgyz Republic and/or the National Bank is indicated, taking into account discount/premiums and fair value adjustment, classified as securities measured at amortized cost; securities measured at fair value through profit or loss; securities measured at fair value through other comprehensive income.";

• to supplement with clause 8.1-1:

"8.1-1. To calculate the amount of dividends, the bank must use the lesser of the amounts of net profit calculated in accordance with IFRS and prudential requirements.";

• to restate the third sentence of clause 8.4 as follows:

"The documents must be accompanied by the bank's plans for the timing of dividend payments, net profit indicators calculated in accordance with IFRS and prudential requirements, and calculations for compliance with economic ratios, as well as the "capital buffer" index calculated taking into account the planned payment of the dividend amount.".

2. To introduce the following amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic" of 25 August 2005 No. 26/5:

in the Regulation on Periodic Regulatory Banking Reporting, approved by the above-mentioned resolution:

• in Appendix 2:

to restate subsection A of section 2 "Profit and Loss Statement" as follows:

" (thousand soms)

Current period

Since the beginning of the year

A. Interest income

1. Interest income on deposits and accounts in commercial banks

2. Interest income on the correspondent account with the National Bank

3. Interest income on securities measured at fair value through profit or loss

4. Interest income on securities measured at fair value through other comprehensive income

5. Interest income on securities measured at amortized cost

6. Interest income on short-term placements

7. Interest income on loans and finance leases to financial and credit organizations

8. Interest income on loans and finance leases to other clients, including in:

a) industry

b) agriculture and processing

c) trade and commercial operations

d) construction, except mortgages

e) mortgages

f) individuals

g) other

9. Interest income on securities purchased under REPO agreements

10. Other interest income

11. Total interest income

»;

• section 5 shall be stated as follows:

«Section 5. Securities portfolio

(thousand soms)

Name of item

Total

Foreign currency

1. Debt securities issued by government bodies, measured at fair value through profit or loss, including:

a) government treasury bills of the Government of the Kyrgyz Republic and other government securities

b) debt securities issued by the National Bank

c) debt securities issued by local government bodies

d) debt securities issued by the governments of the CIS and Baltic countries

e) debt securities issued by the governments of OECD countries

f) debt securities issued by the governments of other countries

2. Other debt securities measured at fair value through profit or loss, including:

a) debt securities of local companies

a1) debt securities of local Islamic banks

b) debt securities of foreign companies

b1) debt securities of foreign Islamic banks

3. Equity securities measured at fair value through profit or loss, including:

a) equity securities of local companies

a1) equity securities of local Islamic banks

b) equity securities of foreign companies

b1) equity securities of foreign Islamic banks

4. Debt securities issued by government bodies, measured at fair value through other comprehensive income, including:

a) government treasury bills of the Government of the Kyrgyz Republic and other government securities

b) debt securities issued by the National Bank

c) debt securities issued by local government bodies

d) debt securities issued by the governments of the CIS and Baltic countries

e) debt securities issued by the governments of OECD countries

f) debt securities issued by the governments of other countries

5. Other debt securities measured at fair value through other comprehensive income, including:

a) debt securities of local companies

a1) debt securities of local Islamic banks

b) debt securities of foreign companies

b1) debt securities of foreign Islamic banks

6. Equity securities measured at fair value through other comprehensive income, including:

a) equity securities of local companies

a1) equity securities of local Islamic banks

b) equity securities of foreign companies

b1) equity securities of foreign Islamic banks

7. Debt securities issued by government bodies, measured at amortized cost, including:

a) government treasury bills of the Government of the Kyrgyz Republic and other government securities

b) debt securities issued by the National Bank

c) debt securities issued by local government bodies

d) debt securities issued by the governments of the CIS and Baltic countries

e) debt securities issued by the governments of OECD countries

f) debt securities issued by the governments of other countries

8. Other debt securities measured at amortized cost, including:

a) debt securities of local companies

a1) debt securities of local Islamic banks

b) debt securities of foreign companies

b1) debt securities of foreign Islamic banks

9. Total allowance for possible losses on securities

10. Specific allowance for possible losses on securities

11. Net value of securities

For reference: Change in the value of securities compared to the previous period, including:

a. securities measured at fair value through profit or loss

b. securities measured at fair value through other comprehensive income

c. securities measured at amortized cost

position

signature

last name, first name, patronymic

---

---

---

".

3. To introduce the following changes to the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Chart of Accounts for accounting in commercial banks and other financial and credit organizations of the Kyrgyz Republic" dated 30 May 2007 No. 28/3:

in the Chart of Accounts for accounting in commercial banks and other financial and credit organizations of the Kyrgyz Republic, approved by the above-mentioned resolution:

in Class 1. Assets:

• the group of accounts "10300 Debt securities held to maturity" shall be stated as follows:

"Group 10300 Debt securities measured at amortized cost

• 10301 Securities issued by the Government of the Kyrgyz Republic, measured at amortized cost

• 10302 Premiums and discounts on securities recorded in account 10301

• 10303 Securities issued by the National Bank of the Kyrgyz Republic, measured at amortized cost

• 10304 Premiums and discounts on securities recorded in account 10303

• 10311 Securities issued by local government bodies, measured at amortized cost

• 10312 Premiums and discounts on securities recorded in account 10311

• 10321 Securities issued by foreign governments, measured at amortized cost

• 10322 Premiums and discounts on securities recorded in account 10321

• 10331 Debt securities issued by resident commercial organizations, measured at amortized cost

• 10332 Premiums and discounts on securities recorded in account 10331

• 10341 Debt securities issued by non-resident commercial organizations, measured at amortized cost

• 10342 Premiums and discounts on securities recorded in account 10341";

• the group of accounts "10400 Trading debt and equity securities" shall be stated as follows:

"Group 10400 Debt and equity securities measured at fair value through profit or loss

• 10401 Debt securities of the Government of the Kyrgyz Republic, measured at fair value through profit or loss

• 10402 Premiums and discounts on securities recorded in account 10401

• 10403 Debt securities issued by the National Bank of the Kyrgyz Republic, measured at fair value through profit or loss

• 10404 Premiums and discounts on securities recorded in account 10403

• 10411 Debt securities of local government bodies, measured at fair value through profit or loss

• 10412 Premiums and discounts on securities recorded in account 10411

• 10421 Debt securities issued by foreign governments, measured at fair value through profit or loss

• 10422 Premiums and discounts on securities recorded in account 10421

• 10431 Debt securities of resident commercial organizations, measured at fair value through profit or loss

• 10432 Premiums and discounts on securities recorded in account 10431

• 10441 Debt securities of non-resident commercial organizations, measured at fair value through profit or loss

• 10442 Premiums and discounts on securities recorded in account 10441

• 10451 Equity securities of resident commercial organizations, measured at fair value through profit or loss

• 10452 Equity securities of non-resident commercial organizations, measured at fair value through profit or loss

• 10461 Adjustment of fair value of securities of residents measured at fair value through profit or loss

• 10462 Adjustment of fair value of securities of non-residents measured at fair value through profit or loss";

• the group of accounts "10500 Available-for-sale debt and equity securities" shall be stated as follows:

"Group 10500 Debt and equity securities measured at fair value through other comprehensive income

• 10501 Debt securities of the Government of the Kyrgyz Republic, measured at fair value through other comprehensive income

• 10502 Premiums and discounts on securities recorded in account 10501

• 10503 Debt securities issued by the National Bank of the Kyrgyz Republic, measured at fair value through other comprehensive income

• 10504 Premiums and discounts on securities recorded in account 10503

• 10511 Debt securities of local government bodies measured at fair value through other comprehensive income

• 10512 Premiums and discounts on securities recorded in account 10511

• 10521 Debt securities issued by foreign governments measured at fair value through other comprehensive income

• 10522 Premiums and discounts on securities recorded in account 10521

• 10531 Debt securities of resident commercial organizations measured at fair value through other comprehensive income

• 10532 Premiums and discounts on securities recorded in account 10531

• 10541 Debt securities of non-resident commercial organizations measured at fair value through other comprehensive income

• 10542 Premiums and discounts on securities recorded in account 10541

• 10551 Equity securities of resident commercial organizations measured at fair value through other comprehensive income

• 10552 Equity securities of non-resident commercial organizations measured at fair value through other comprehensive income

• 10561 Adjustment of fair value of securities of residents measured at fair value through other comprehensive income

• 10562 Adjustment of fair value of securities of non-residents measured at fair value through other comprehensive income";

• group of accounts "11400 Interest accrued receivable on securities" shall be stated as follows:

"Group 11400 Interest on securities accrued receivable

• 11401 Interest accrued receivable on debt securities issued by the National Bank of the Kyrgyz Republic and measured at amortized cost

• 11402 Interest accrued receivable on debt securities issued by the Government of the Kyrgyz Republic and measured at amortized cost

• 11403 Interest accrued receivable on debt securities issued by local government bodies and measured at amortized cost

• 11404 Interest accrued receivable on debt securities issued by commercial organizations and measured at amortized cost

• 11411 Interest accrued receivable on securities issued by the National Bank of the Kyrgyz Republic and measured at fair value through profit or loss

• 11412 Interest accrued receivable on securities issued by the Government of the Kyrgyz Republic and measured at fair value through profit or loss

• 11413 Interest accrued receivable on securities issued by local government bodies and measured at fair value through profit or loss

• 11414 Interest accrued receivable on securities issued by commercial organizations and measured at fair value through profit or loss

• 11421 Interest accrued receivable on securities issued by the National Bank of the Kyrgyz Republic and measured at fair value through other comprehensive income

• 11422 Interest accrued receivable on securities issued by the Government of the Kyrgyz Republic and measured at fair value through other comprehensive income

• 11423 Interest accrued receivable on securities issued by local government bodies and measured at fair value through other comprehensive income

• 11424 Interest accrued receivable on securities issued by commercial organizations and measured at fair value through other comprehensive income

• 11425 Interest accrued receivable on securities purchased under REPO agreement";

in Class 6. Income:

• group of accounts "60000 Interest income on debt securities" accounts shall be stated as follows:

"Group 60000 Interest income on debt securities

• 60001 Interest income on debt securities of the Government of the Kyrgyz Republic measured at amortized cost

• 60002 Interest income on debt securities of foreign governments measured at amortized cost

• 60003 Interest income on debt securities of resident commercial organizations measured at amortized cost

• 60004 Interest income on debt securities of non-resident commercial organizations measured at amortized cost

• 60011 Interest income on debt securities of the Government of the Kyrgyz Republic measured at fair value through profit or loss

• 60012 Interest income on debt securities of foreign governments measured at fair value through profit or loss

• 60013 Interest income on debt securities of resident commercial organizations measured at fair value through profit or loss

• 60014 Interest income on debt securities of non-resident commercial organizations measured at fair value through profit or loss

• 60021 Interest income on debt securities of the Government of the Kyrgyz Republic measured at fair value through other comprehensive income

• 60022 Interest income on debt securities of foreign governments measured at fair value through other comprehensive income

• 60023 Interest income on debt securities of resident commercial organizations measured at fair value through other comprehensive income

• 60024 Interest income on debt securities of non-resident commercial organizations measured at fair value through other comprehensive income";

• group of accounts "60300 Unrealized income (loss) from revaluation" shall be stated as follows:

"Group 60300 Unrealized income (loss) from revaluation

• 60301 Unrealized income (loss) from revaluation of securities measured at fair value through other comprehensive income

• 60302 Unrealized income (loss) from revaluation of securities measured at fair value through profit or loss

• 60303 Unrealized income (loss) from revaluation of foreign currency

• 60304 Unrealized income (loss) from revaluation of futures transactions

• 60305 Unrealized income (loss) from revaluation of forward transactions

• 60306 Unrealized income (loss) from revaluation of option transactions";

• the group of accounts "60800 Income from investments and trading operations (balance)" shall be stated as follows:

"Group 60800 Income from investments and operations with securities (balance)

• 60801 Income (losses) from securities measured at fair value through profit or loss

• 60802 Income (losses) from securities measured at fair value through other comprehensive income

• 60811 Net income (loss) from subsidiaries

• 60812 Net income (loss) from associates

• 60813 Dividends from investments in shares and units";

• the title of Appendix 1 to the new edition of the Chart of Accounts for Accounting in Commercial Banks and Other Financial and Credit Organizations of the Kyrgyz Republic shall be stated as follows:

"Appendix 1 to the Chart of Accounts for Accounting in Commercial Banks and Other Financial and Credit Organizations of the Kyrgyz Republic";

in Appendix 1 to the new edition of the Chart of Accounts for Accounting in Commercial Banks and Other Financial and Credit Organizations of the Kyrgyz Republic:

in Class 1. Assets:

• the group of accounts "10300 Debt securities held to maturity" shall be stated as follows:

"Group 10300 Debt securities measured at amortized cost

This group includes accounts for accounting of debt securities that are classified in the category of securities measured at amortized cost in accordance with International Financial Reporting Standards (hereinafter – IFRS), when the following conditions are met:

• management of securities is carried out on the basis of a business model whose objective is to obtain the cash flows provided for by the terms of issue of the securities;

• the terms of issue of the securities provide for the receipt on the specified dates of cash flows that are solely payments of principal and interest on the outstanding principal amount.

Securities may be acquired at a price above or below nominal (at a premium or discount). If a security is acquired at a premium, the premium paid is amortized monthly and is charged to reduce the bank's income. If a security is acquired at a discount, the discount is amortized and is charged to increase the bank's income.

Accounting of securities is maintained in the nominal currency. For the purposes of financial reporting, the value of securities in foreign currency must be translated into the som equivalent at the official exchange rate of the National Bank of the Kyrgyz Republic on the reporting date.

10301 Securities issued by the Government of the Kyrgyz Republic measured at amortized cost

This account records debt securities of the Government of the Kyrgyz Republic acquired by the bank. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10302. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10302 Premiums and discounts on securities recorded in account 10301

This account records premiums and discounts on securities recorded in account 10301. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10303 Securities issued by the National Bank of the Kyrgyz Republic measured at amortized cost

This account records debt securities issued by the National Bank of the Kyrgyz Republic acquired by the bank. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10304. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10304 Premiums and discounts on securities recorded in account 10303

This account records premiums and discounts on securities recorded in account 10303. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10311 Securities issued by local government bodies measured at amortized cost

This account records debt securities of local government bodies acquired by the bank and measured at amortized cost. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10312. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10312 Premiums and discounts on securities recorded in account 10311

This account records premiums and discounts on securities recorded in account 10311. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10321 Securities issued by foreign governments measured at amortized cost

This account records investments in debt securities of foreign governments measured at amortized cost. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10322. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10322 Premiums and discounts on securities recorded in account 10321

This account records premiums and discounts on securities recorded in account 10321. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10331 Debt securities issued by resident commercial organizations measured at amortized cost

This account records debt securities of resident commercial organizations acquired by the bank, measured at amortized cost. Securities in this account must be reflected at nominal value, taking into account the premium or discount reflected in account 10332. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10332 Premiums and discounts on securities recorded in account 10331

This account records premiums and discounts on securities recorded in account 10331. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10341 Debt securities issued by non-resident commercial organizations, measured at amortized cost

This account records debt securities of non-resident commercial organizations acquired by the bank. Securities in this account must be reflected at nominal value, taking into account the premium or discount reflected in account 10342. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10342 Premiums and discounts on securities recorded in account 10341

This account records premiums and discounts on securities recorded in account 10341. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.";

• the group of accounts "10400 Trading debt and equity securities" shall be stated in the following wording:

"Group 10400 Debt and equity securities measured at fair value through profit or loss

This group includes accounts for accounting of debt and equity securities classified into the category of securities measured at fair value through profit or loss in accordance with IFRS, including securities held for trading.

Securities may be acquired at a price above or below nominal (at a premium or discount). If a security is acquired at a premium, the premium paid is amortized monthly and charged to reduce the bank's income. If a security is acquired at a discount, the discount is amortized and charged to increase the bank's income.

Securities are accounted for in nominal currency. For financial reporting purposes, the value of securities in foreign currency must be translated into the som equivalent at the official exchange rate of the National Bank of the Kyrgyz Republic on the reporting date.

10401 Debt securities of the Government of the Kyrgyz Republic measured at fair value through profit or loss

This account records the value of securities of the Government of the Kyrgyz Republic measured at fair value through profit or loss. Securities in this account must be reflected at nominal value, taking into account the premium or discount reflected in account 10402. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10402 Premiums and discounts on securities recorded in account 10401

This account records premiums and discounts on securities recorded in account 10401. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10403 Debt securities issued by the National Bank of the Kyrgyz Republic measured at fair value through profit or loss

This account records the value of securities issued by the National Bank of the Kyrgyz Republic measured at fair value through profit or loss. Securities in this account must be reflected at nominal value, taking into account the premium or discount reflected in account 10404. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10404 Premiums and discounts on securities recorded in account 10403

This account records premiums and discounts on securities recorded in account 10403. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10411 Debt securities of local government bodies measured at fair value through profit or loss

This account records the value of debt securities of local government bodies measured at fair value through profit or loss. Securities in this account must be reflected at nominal value, taking into account the premium or discount reflected in account 10412. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10412 Premiums and discounts on securities recorded in account 10411

This account records premiums and discounts on securities recorded in account 10411. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10421 Debt securities issued by foreign governments measured at fair value through profit or loss

This account records the value of securities of foreign governments measured at fair value through profit or loss. Securities in this account must be reflected at nominal value, taking into account the premium or discount reflected in account 10422. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10422 Premiums and discounts on securities recorded in account 10421

This account records premiums and discounts on securities recorded in account 10421. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10431 Debt securities of resident commercial organizations measured at fair value through profit or loss

This account records the value of debt securities of resident commercial organizations measured at fair value through profit or loss. Securities in this account shall be reflected at nominal value taking into account the premium or discount reflected in account 10432. The account shall have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10432 Premiums and discounts on securities recorded in account 10431

This account records premiums and discounts on securities recorded in account 10431. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10441 Debt securities of non-resident commercial organizations measured at fair value through profit or loss

This account records debt securities of non-resident commercial organizations measured at fair value through profit or loss. Securities in this account shall be reflected at nominal value taking into account the premium or discount reflected in account 10442. The account shall have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10442 Premiums and discounts on securities recorded in account 10441

This account records premiums and discounts on securities recorded in account 10441. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10451 Equity securities of resident commercial organizations measured at fair value through profit or loss

This account records equity securities of resident commercial organizations measured at fair value through profit or loss. Securities in this account shall be reflected at acquisition cost taking into account revaluation at fair value. The account shall have a debit balance. When securities are acquired, the account is debited. When securities are sold, the account is credited.

10452 Equity securities of non-resident commercial organizations measured at fair value through profit or loss

This account records equity securities of non-resident commercial organizations measured at fair value through profit or loss. Securities in this account shall be reflected at acquisition cost taking into account revaluation at fair value. The account shall have a debit balance. When securities are acquired, the account is debited. When securities are sold, the account is credited.

10461 Adjustment of fair value of securities of residents measured at fair value through profit or loss

This account reflects the amount of unrealized profit/loss from revaluation of securities of residents measured at fair value through profit or loss. This account is a contra-account in relation to the accounts of securities measured at fair value through profit or loss. This account may have either a credit or a debit balance. When the fair value of securities increases, the account is debited. When the fair value of securities decreases, the account is credited.

10462 Adjustment of fair value of securities of non-residents measured at fair value through profit or loss

This account reflects the amount of unrealized profit/loss from revaluation of securities of non-residents measured at fair value through profit or loss. This account is a contra-account in relation to the accounts of securities measured at fair value through profit or loss. The account may have either a credit or a debit balance. When the fair value of securities increases, the account is debited. When the fair value of securities decreases, the account is credited.»;

• group of accounts «10500 Available-for-sale debt and equity securities» shall be stated as follows:

«Group 10500 Debt and equity securities measured at fair value through other comprehensive income

This group includes accounts for accounting of debt and equity securities that are classified in the category of securities measured at fair value through other comprehensive income in accordance with IFRS, when the following conditions are met:

• management of securities is carried out on the basis of a business model whose objective is both to receive the cash flows provided for by the terms of issue of the securities and to sell the securities;

• the terms of issue of the securities provide for the receipt on the specified dates of cash flows that are solely payments of principal and interest on the outstanding principal amount.

Securities may be acquired at a price above or below nominal (with a premium or discount) value. If a security is acquired at a premium, the premium paid is amortized monthly and charged to reduce the bank's income. If a security is acquired at a discount, the discount is amortized and charged to increase the bank's income.

Securities are accounted for in the nominal currency. For financial reporting purposes, the value of securities in foreign currency shall be translated into the som equivalent at the official exchange rate of the National Bank of the Kyrgyz Republic on the reporting date.

10501 Debt securities of the Government of the Kyrgyz Republic measured at fair value through other comprehensive income

This account records the value of debt securities of the Government of the Kyrgyz Republic measured at fair value through other comprehensive income. Securities in this account shall be reflected at nominal value taking into account the premium or discount reflected in account 10502. The account shall have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10502 Premiums and discounts on securities recorded in account 10501

This account records premiums and discounts on securities recorded in account 10501. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10503 Debt securities issued by the National Bank of the Kyrgyz Republic, measured at fair value through other comprehensive income

This account records the value of debt securities issued by the National Bank of the Kyrgyz Republic, measured at fair value through other comprehensive income. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10504. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10504 Premiums and discounts on securities recorded in account 10503

This account records premiums and discounts on securities recorded in account 10503. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10511 Debt securities of local government bodies, measured at fair value through other comprehensive income

This account records the value of debt securities of local government bodies, measured at fair value through other comprehensive income. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10512. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10512 Premiums and discounts on securities recorded in account 10511

This account records premiums and discounts on securities recorded in account 10511. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10521 Debt securities issued by foreign governments, measured at fair value through other comprehensive income

This account records the value of debt securities of foreign governments, measured at fair value through other comprehensive income. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10522. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10522 Premiums and discounts on securities recorded in account 10521

This account records premiums and discounts on securities recorded in account 10521. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10531 Debt securities of resident commercial organizations, measured at fair value through other comprehensive income

This account records the value of debt securities of resident commercial organizations, measured at fair value through other comprehensive income. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10532. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10532 Premiums and discounts on securities recorded in account 10531

This account records premiums and discounts on securities recorded in account 10531. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10541 Debt securities of non-resident commercial organizations, measured at fair value through other comprehensive income

This account records the value of debt securities of non-resident commercial organizations, measured at fair value through other comprehensive income. Securities in this account must be reflected at nominal value taking into account the premium or discount reflected in account 10542. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold or redeemed, the account is credited.

10542 Premiums and discounts on securities recorded in account 10541

This account records premiums and discounts on securities recorded in account 10541. The debit of the account reflects the amount of the premium and the monthly amortization of the discount; the credit of the account reflects the amount of the discount and the monthly amortization of the premium.

10551 Equity securities of resident commercial organizations, measured at fair value through other comprehensive income

This account records equity securities of resident commercial organizations, measured at fair value through other comprehensive income. Securities in this account must be reflected at acquisition cost taking into account revaluation at fair value. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold, the account is credited.

10552 Equity securities of non-resident commercial organizations, measured at fair value through other comprehensive income

This account records equity securities of non-resident commercial organizations, measured at fair value through other comprehensive income. Securities in this account must be reflected at acquisition cost taking into account revaluation at fair value. The account must have a debit balance. When securities are acquired, the account is debited. When securities are sold, the account is credited.

10561 Adjustment of fair value of securities of residents, measured at fair value through other comprehensive income

This account reflects the amount of unrealized profit/loss from the revaluation of securities of residents measured at fair value through other comprehensive income. This account is a contra account to the securities accounts measured at fair value through other comprehensive income. The account may have either a credit or a debit balance. When the fair value of securities increases, the account is debited. When the fair value of securities decreases, the account is credited.

10562 Adjustment of fair value of securities of nonresidents measured at fair value through other comprehensive income

This account reflects the amount of unrealized profit/loss from the revaluation of securities of nonresidents measured at fair value through other comprehensive income. This account is a contra account to the securities accounts measured at fair value through other comprehensive income. The account may have either a credit or a debit balance. When the fair value of securities increases, the account is debited. When the fair value of securities decreases, the account is credited.»;

• the group of accounts "11400 Interest accrued to be received" shall be stated as follows:

«Group 11400 Interest on securities accrued to be received

This group includes accounts for accounting for accrued interest to be received on assets generating income in the form of interest. Accounting for accrued interest to be received is maintained in nominal currency. For financial reporting purposes, the amount of accrued interest to be received in foreign currency must be translated into the som equivalent at the official exchange rate of the National Bank of the Kyrgyz Republic as of the reporting date.

11401 Interest accrued to be received on debt securities issued by the National Bank of the Kyrgyz Republic and measured at amortized cost

This account accounts for interest accrued to be received on debt securities issued by the National Bank of the Kyrgyz Republic and measured at amortized cost. The account must have a debit balance. When the amount of interest to be received is accrued, the account is debited. When funds are received in payment of interest, the account is credited.

11402 Interest accrued to be received on debt securities issued by the Government of the Kyrgyz Republic and measured at amortized cost

This account accounts for interest accrued to be received on debt securities issued by the Government of the Kyrgyz Republic and measured at amortized cost. The account must have a debit balance. When the amount of interest to be received is accrued, the account is debited. When funds are received in payment of interest, the account is credited.

11403 Interest accrued to be received on debt securities issued by local government bodies and measured at amortized cost

This account accounts for interest accrued to be received on debt securities issued by local government bodies and measured at amortized cost. The account must have a debit balance. When the amount of interest to be received is accrued, the account is debited. When funds are received in payment of interest, the account is credited.

11404 Interest accrued to be received on debt securities issued by commercial organizations and measured at amortized cost

This account accounts for interest accrued to be received on debt securities issued by commercial organizations and measured at amortized cost. The account must have a debit balance. When the amount of interest to be received is accrued, the account is debited. When funds are received in payment of interest, the account is credited.

11411 Interest accrued to be received on securities issued by the National Bank of the Kyrgyz Republic and measured at fair value through profit and loss

This account accounts for interest accrued to be received on securities issued by the National Bank of the Kyrgyz Republic and measured at fair value through profit and loss. The account must have a debit balance. When the amount of interest to be received is accrued, the account is debited. When funds are received in payment of interest, the account is credited.

11412 Interest accrued to be received on securities issued by the Government of the Kyrgyz Republic and measured at fair value through profit and loss

This account accounts for interest accrued to be received on securities issued by the Government of the Kyrgyz Republic and measured at fair value through profit and loss. The account must have a debit balance. When the amount of interest to be received is accrued, the account is debited. When funds are received in payment of interest, the account is credited.

11413 Interest accrued to be received on securities issued by local government bodies and measured at fair value through profit and loss

This account accounts for interest accrued to be received on securities issued by local government bodies and measured at fair value through profit and loss. The account must have a debit balance. When the amount of interest to be received is accrued, the account is debited. When funds are received in payment of interest, the account is credited.

11414 Interest accrued to be received on securities issued by commercial organizations and measured at fair value through profit and loss

This account accounts for interest accrued to be received on securities issued by commercial organizations and measured at fair value through profit and loss. The account must have a debit balance. When the amount of interest to be received is accrued, the account is debited. When funds are received in payment of interest, the account is credited.

11421 Interest accrued to be received on securities issued by the National Bank of the Kyrgyz Republic and measured at fair value through other comprehensive income

This account records interest accrued to be received on securities issued by the National Bank of the Kyrgyz Republic and measured at fair value through other comprehensive income. The account shall have a debit balance. When interest accrued to be received is recorded, the account is debited. When cash is received in payment of interest, the account is credited.

11422 Interest accrued to be received on securities issued by the Government of the Kyrgyz Republic and measured at fair value through other comprehensive income

This account records interest accrued to be received on securities issued by the Government of the Kyrgyz Republic and measured at fair value through other comprehensive income. The account shall have a debit balance. When interest accrued to be received is recorded, the account is debited. When cash is received in payment of interest, the account is credited.

11423 Interest accrued to be received on securities issued by local government bodies and measured at fair value through other comprehensive income

This account records interest accrued to be received on securities issued by local government bodies and measured at fair value through other comprehensive income. The account shall have a debit balance. When interest accrued to be received is recorded, the account is debited. When cash is received in payment of interest, the account is credited.

11424 Interest accrued to be received on securities issued by commercial organizations and measured at fair value through other comprehensive income

This account records interest accrued to be received on securities issued by commercial organizations and measured at fair value through other comprehensive income. The account shall have a debit balance. When interest accrued to be received is recorded, the account is debited. When cash is received in payment of interest, the account is credited.

11425 Interest accrued to be received on securities purchased under a REPO agreement

This account records interest accrued to be received on securities purchased under a REPO agreement. The account shall have a debit balance. When interest accrued to be received is recorded, the account is debited. When cash is received in payment of interest, the account is credited.";

• the group of accounts "60000 Interest income on debt and equity securities" shall be stated as follows:

"Group 60000 Interest income on debt securities

This group includes accounts for recording the bank's interest income from securities and bonds. Interest income is recorded in the national currency.

60001 Interest income on debt securities of the Government of the Kyrgyz Republic measured at amortized cost

This account records the amount of the bank's interest income on debt securities of the Government of the Kyrgyz Republic measured at amortized cost. The account shall have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60002 Interest income on debt securities of foreign governments measured at amortized cost

This account records the amount of the bank's interest income on securities issued by foreign governments measured at amortized cost. The account shall have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60003 Interest income on debt securities of resident commercial organizations measured at amortized cost

This account records the amount of the bank's interest income on securities measured at amortized cost issued by resident commercial organizations. The account shall have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60004 Interest income on debt securities of non-resident commercial organizations measured at amortized cost

This account records the amount of the bank's interest income on securities issued by non-resident commercial organizations measured at amortized cost. The account shall have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60011 Interest income on debt securities of the Government of the Kyrgyz Republic measured at fair value through profit or loss

This account records the amount of the bank's interest income on securities issued by the Government of the Kyrgyz Republic measured at fair value through profit or loss. The account shall have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60012 Interest income on debt securities of foreign governments measured at fair value through profit or loss

This account records the amount of the bank's interest income on securities issued by foreign governments measured at fair value through profit or loss. The account shall have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60013 Interest income on debt securities of resident commercial organizations measured at fair value through profit or loss

This account records the amount of the bank's interest income on securities issued by resident commercial organizations measured at fair value through profit or loss. The account must have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60014 Interest income on debt securities of non-resident commercial organizations measured at fair value through profit or loss

This account records the amount of the bank's interest income on securities issued by non-resident commercial organizations measured at fair value through profit or loss. The account must have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60021 Interest income on debt securities of the Government of the Kyrgyz Republic measured at fair value through other comprehensive income

This account records the amount of the bank's interest income from securities issued by the Government of the Kyrgyz Republic measured at fair value through other comprehensive income. The account must have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60022 Interest income on debt securities of foreign governments measured at fair value through other comprehensive income

This account records the amount of the bank's interest income from securities issued by foreign governments measured at fair value through other comprehensive income. The account must have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60023 Interest income on debt securities of resident commercial organizations measured at fair value through other comprehensive income

This account records the amount of the bank's interest income from debt securities issued by resident commercial organizations measured at fair value through other comprehensive income. The account must have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.

60024 Interest income on debt securities of non-resident commercial organizations measured at fair value through other comprehensive income

This account records the amount of the bank's interest income from debt securities issued by non-resident commercial organizations measured at fair value through other comprehensive income. The account must have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.";

• in the group of accounts "60300 Unrealized income (loss) from revaluation (balance)" the accounts "60301 Unrealized income (loss) from revaluation of securities available for sale" and "60302 Unrealized income (loss) from revaluation of trading securities" shall be stated as follows:

"60301 Unrealized income (loss) from revaluation of securities measured at fair value through other comprehensive income

This account records the amount of the bank's income (loss) from revaluation of securities measured at fair value through other comprehensive income. The account must have either a debit or a credit balance. When income arises, the account is credited. When a loss arises, the account is debited.

60302 Unrealized income (loss) from revaluation of securities measured at fair value through profit or loss

This account records the amount of the bank's income (loss) from revaluation of securities measured at fair value through profit or loss. The account must have either a debit or a credit balance. When income arises, the account is credited. When a loss arises, the account is debited.";

• the group of accounts "60800 Income from investments and trading operations (balance)" shall be stated as follows:

"Group 60800 Income from investments and operations with securities (balance)

60801 Income (losses) from securities measured at fair value through profit or loss

This account records the amount of realized and unrealized income/losses of the bank received from the sale and impairment of securities measured at fair value through profit or loss. The account may have both a credit and a debit balance. When income arises and temporary accounts are closed at the end of the financial year, the account is credited. When a loss arises and temporary accounts are closed at the end of the financial year, the account is debited.

60802 Income (losses) from securities measured at fair value through other comprehensive income

This account records the amount of realized and unrealized income/losses of the bank received from the sale and impairment of securities measured at fair value through other comprehensive income. The account may have both a credit and a debit balance. When income arises and temporary accounts are closed at the end of the financial year, the account is credited. When a loss arises and temporary accounts are closed at the end of the financial year, the account is debited.

60811 Net income (loss) from subsidiaries

This account records the amount of income/losses of the bank received as a result of the activities of subsidiaries. The account may have both a credit and a debit balance. When income arises and temporary accounts are closed at the end of the financial year, the account is credited. When a loss arises and temporary accounts are closed at the end of the financial year, the account is debited.

60812 Net income (loss) from associates

This account records the amount of income/losses of the bank received as a result of the activities of associates. The account may have both a credit and a debit balance. When income arises and temporary accounts are closed at the end of the financial year, the account is credited. When a loss occurs and temporary accounts are closed at the end of the financial year, the account is debited.

60813 Dividends from investments in shares and units

This account records the amount of the bank's income received in the form of dividends from investments in shares and units of companies that are not subsidiaries or associates. The account must have a credit balance. When income arises, the account is credited. When temporary accounts are closed at the end of the financial year, the account is debited.".

4. To introduce the following changes to the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation on requirements for the Chart of accounts for accounting in commercial banks and other financial and credit organizations of the Kyrgyz Republic" dated 20 December 2007 No. 54/9:

in the Regulation on requirements for the Chart of accounts for accounting in commercial banks and other financial and credit organizations of the Kyrgyz Republic, approved by the above-mentioned resolution:

• in paragraph 3.2:

paragraphs nine through twenty shall be stated as follows:

"- Debt securities measured at amortized cost

This group includes accounts for accounting of debt securities that are classified in the category of securities measured at amortized cost in accordance with IFRS, when the following conditions are met:

• a) management of the securities is carried out on the basis of a business model whose objective is to obtain the cash flows provided for by the terms of issue of the securities;

• b) the terms of issue of the securities provide for receipt on the specified dates of cash flows that are solely payments of principal and interest on the outstanding principal amount.

Securities may be acquired at a price above or below nominal (at a premium or discount). If a security is acquired at a premium, the premium paid is amortized monthly and is charged to reduce the bank's income. If a security is acquired at a discount, the discount is amortized and is charged to increase the bank's income.

Securities are accounted for in the nominal currency. For financial reporting purposes, the value of securities in foreign currency must be translated into the som equivalent at the official exchange rate of the National Bank on the reporting date.

• Debt and equity securities measured at fair value through profit or loss

This group includes accounts for accounting of debt and equity securities classified in the category of securities measured at fair value through profit or loss in accordance with IFRS, including securities held for trading.

Securities may be acquired at a price above or below nominal (at a premium or discount). If a security is acquired at a premium, the premium paid is amortized monthly and is charged to reduce the bank's income. If a security is acquired at a discount, the discount is amortized and is charged to increase the bank's income.

Securities are accounted for in the nominal currency. For financial reporting purposes, the value of securities in foreign currency must be translated into the som equivalent at the official exchange rate of the National Bank on the reporting date.

• Debt and equity securities measured at fair value through other comprehensive income

This group includes accounts for accounting of debt and equity securities that are classified in the category of securities measured at fair value through other comprehensive income in accordance with IFRS when the following conditions are met:

• a) management of the securities is carried out on the basis of a business model whose objective is both to obtain the cash flows provided for by the terms of issue of the securities and to sell the securities;

• b) the terms of issue of the securities provide for receipt on the specified dates of cash flows that are solely payments of principal and interest on the outstanding principal amount.

Securities may be acquired at a price above or below nominal (at a premium or discount). If a security is acquired at a premium, the premium paid is amortized monthly and is charged to reduce the bank's income. If a security is acquired at a discount, the discount is amortized and is charged to increase the bank's income.

Securities are accounted for in the nominal currency. For financial reporting purposes, the value of securities in foreign currency must be translated into the som equivalent at the official exchange rate of the National Bank on the reporting date.";

• paragraphs ninety-eight and ninety-nine shall be stated as follows:

"- Income from investments and operations with securities (net)

This group is used for accounting of income (losses) on securities measured at fair value, net income (losses) from subsidiaries, net income (losses) from associates and dividends from investments in shares and units.".

5. To introduce the following changes to the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation 'On requirements for the formation of financial statements of commercial banks of the Kyrgyz Republic'" dated 12 March 2010 No. 6/2:

in the Regulation "On requirements for the formation of financial statements of commercial banks of the Kyrgyz Republic", approved by the above-mentioned resolution:

• in paragraph 1:

paragraphs three and four shall be stated as follows:

"The requirements of this Regulation apply to parent companies (head companies) resident in the Kyrgyz Republic.

A bank in the regime of a Temporary administration also submits financial statements in accordance with this Regulation.";

to supplement with paragraph six of the following content:

"This Regulation does not apply to banks in the process of liquidation.";

paragraph two of paragraph 3 shall be deemed to have lost force;

paragraph one of paragraph 5 shall be stated as follows:

"5. The bank's financial statements are prepared in accordance with the accounting policy approved by the bank's Board of Directors.";

• the title of Chapter 2 "General Requirements for Financial Statements and Their Components" shall be stated in the following wording:

"2. General Requirements for the Structure and Content of Financial Statements";

• paragraph 7 shall be stated in the following wording:

"7. The bank's financial statements include the following components:

• 1) a statement of financial position as at the end of the period;

• 2) a statement of comprehensive income for the period;

• 3) a statement of changes in equity for the period;

• 4) a statement of cash flows for the period;

• 5) notes to the financial statements;

• 6) comparative information for the preceding period.";

• paragraph 8 shall be deemed to have lost force;

• paragraph 9 shall be stated in the following wording:

"9. The bank must clearly identify each component of the financial statements. The financial statements, for a proper understanding of the information presented, must reflect the following information:

• the full name of the bank and other identifying features;

• whether these financial statements are the statements of an individual bank or the consolidated statements of a banking group;

• the date of the end of the reporting period or the period covered by this set of financial statements;

• the currency and unit of measurement when presenting amounts in the financial statements.";

• the first paragraph of paragraph 12 shall be stated in the following wording:

"12. The reporting period for the financial statements of banks is the period

from 1 January to 31 December inclusive.";

• the fourth paragraph of paragraph 13 shall be stated in the following wording:

"If the reporting dates of the parent and subsidiary company do not coincide, the subsidiary company, for consolidation purposes, prepares additional financial statements as at the end of the reporting period of the parent company.";

• the first paragraph of paragraph 14 shall be stated in the following wording:

"14. Each material class of items must be presented separately in the financial statements. The bank is obliged to present separately items that differ in nature or purpose, except where the items are immaterial. An item that is not sufficiently material for separate presentation in the financial statements is disclosed in the Notes to the financial statements.";

• in paragraph 17, the word "numerical" shall be excluded;

• paragraph 18-2 shall be stated in the following wording:

"18-2. When preparing the consolidated financial statements of a banking group, the parent company shall consolidate, line by line, the financial statements of the parent and subsidiary organizations by adding together similar items of assets, liabilities, equity, income, expenses and cash flows.";

• paragraphs 18-5 and 18-6 shall be stated in the following wording:

"18-5. When preparing consolidated financial statements, intragroup assets, liabilities, equity, income, expenses and cash flows within the banking group must be fully eliminated.

18-6. The financial statements of a subsidiary company may not be excluded from the consolidated financial statements on the grounds that:

• the activity of the subsidiary company differs from the activity of other participants of the banking group;

• the role of investor is performed by a venture capital organization, a mutual fund, a trust or a similar structure.";

• paragraph 18-7 shall be deemed to have lost force;

• in paragraph 18-8, the word "relationship" shall be replaced by the words "nature of the relationship";

• paragraphs 18-9 and 18-10 shall be stated in the following wording:

"18-9. The bank is exempted from presenting consolidated financial statements if the parent company of that bank, located in the territory of the Kyrgyz Republic, prepares and presents consolidated financial statements in accordance with IFRS and the requirements of the National Bank.

18-10. Investments in associates and joint (dependent and related) companies of the bank are accounted for using the equity method, except in cases where they are classified as held for sale, or where the bank is exempted from the need to apply this method in accordance with IFRS.";

• paragraph 20 shall be deemed to have lost force;

• paragraph 22 shall be deemed to have lost force;

• the second paragraph of paragraph 23 shall be stated in the following wording:

"The bank's financial statements, including all components, the Notes to the financial statements and the audit report, must be published on the bank's official website.";

• the second paragraph of paragraph 26 shall be stated in the following wording:

"At the same time, there must be a reference to the fact that the financial statements and the explanations thereto can be reviewed in full on the bank's official website, as well as at the head office of the bank, its branches and savings banks.";

• paragraph 30 shall be stated in the following wording:

"30. Monthly reports on financial position and on comprehensive income (monthly financial statements) must, no later than the 10th day of the following month, be placed on the bank's official website and on the bank's information stand (at the head office, branches, savings banks) for clients.

If during the month there were transactions that significantly affected or could affect the financial condition of the bank, the bank must disclose these events.";

• in paragraph 31, the word "website" shall be replaced by the words "official website";

• shall be supplemented with paragraph 31.3 of the following content:

"31.3. Additionally, the bank/banking group shall provide the financial statements/consolidated financial statements and the audit report, by a deadline of 1 June of the year following the reporting year, in electronic form to the Public Depository (authorized body).";

• paragraphs 34, 35, 36 and 37 shall be stated in the following wording:

"34. In the statement of financial position, assets and liabilities are presented taking into account their nature in an order reflecting their relative liquidity (in descending order of liquidity or maturity).

35. An asset item shall not be offset against a liability item in the statement of financial position and vice versa, except in cases where this is required or permitted by IFRS, with disclosure of these facts in the notes to the financial statements.

36. The statement of financial position shall separately reflect transactions with the National Bank, other banks, other money market counterparties and creditors, borrowers in order to give a correct idea of their interdependence.

37. The statement of financial position shall show as a separate line item loans and finance leases to customers, the amount of the allowance for expected credit losses created on them and the value of these assets net of the allowance.";

• paragraph 40 shall be stated as follows:

"40. In the statement of financial position, all assets, except loans and finance leases to banks and customers, shall be stated net of the valuation allowance for losses.";

• in paragraphs 50 and 51, delete the words "or in the notes to the financial statements";

• paragraph 57 shall be stated as follows:

"57. The bank shall determine the composition of cash and cash equivalents and disclose it in the financial statements. In addition, the bank shall present a reconciliation of the amounts contained in the statement of cash flows with similar items presented in the statement of financial position.".

6. To introduce the following amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On certain regulatory legal acts of the National Bank of the Kyrgyz Republic" of 14 September 2011 No. 52/4:

in the Regulation "On banks' operations with securities" approved by the above-mentioned resolution:

• subparagraph "a" of paragraph 11 shall be stated as follows:

"a) a description of the bank's business model for managing securities (for example, holding securities to receive cash, holding securities to receive cash or sell, and other business models) and the purpose of their acquisition (for example, maintaining liquidity, generating income, complying with collateral requirements, etc.);";

• the third sentence of paragraph 18 shall be stated as follows:

"Such information shall be prepared separately for securities measured at amortized cost, for securities measured at fair value through profit or loss, and for securities measured at fair value through other comprehensive income.".

7. To introduce the following amendments to the resolution of the Board of the National Bank of the Kyrgyz Republic "On approval of the Regulation "On consolidated supervision" and the Regulation "On periodic regulatory consolidated reporting" of 28 June 2019 No. 2019-П-12/34-4-(НПА):

in the Regulation "On periodic regulatory consolidated reporting" approved by the above-mentioned resolution:

in Appendix 2 to the Regulation "On periodic regulatory consolidated reporting":

• subsection A of section 2 "Profit and loss statement" shall be stated as follows:

" (thousand som)

Indicators of the parent/management organization

Indicators of the participants of the banking group

Interim result

current period

since the beginning of the year

Group participants____

current period

since the beginning of the year

current period

since the beginning of the year

current period

since the beginning of the year

A. Interest income

1. Interest income on deposits and accounts in commercial banks

0

2. Interest income on the correspondent account with the National Bank

0

3. Interest income on securities measured at fair value through profit or loss

0

4. Interest income on securities measured at fair value through other comprehensive income

0

5. Interest income on securities measured at amortized cost

0

6. Interest income on short-term placements

0

7. Interest income on loans and finance leases to financial and credit organizations

0

8. Interest income on loans and finance leases to other customers, including in:

0

a) industry

0

b) agriculture and processing

0

c) trade and commercial operations

0

d) construction, except mortgages

0

e) mortgages

0

f) individuals

0

g) other

0

9. Interest income on securities purchased under REPO agreement

0

10. Other interest income

0

11. Total interest income

0

»;

• subsection A of section 4 "Consolidated profit and loss statement" shall be stated as follows:

" (thousand som)

A. Interest income

current period

from the beginning of the year

1. Interest income on deposits and accounts in commercial banks

2. Interest income on correspondent account with the National Bank

3. Interest income on securities measured at fair value through profit or loss

4. Interest income on securities measured at fair value through other comprehensive income

5. Interest income on securities measured at amortized cost

6. Interest income on short-term placements

7. Interest income on loans and finance leases to financial and credit organizations

8. Interest income on loans and finance leases to other clients, including in:

0

a) industry

b) agriculture and processing

c) trade and commercial operations

d) construction, except mortgage

e) mortgage

f) individuals

g) other

9. Interest income on securities purchased under REPO agreement

10. Other interest income

11. Total interest income

0

".