Resolution of the Board

of the National Bank

of the Kyrgyz Republic

of 4 December 2024

No. 2024-П-12/64-3-(НПА)

On Amending

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

“On Approval of the Regulation ‘On Classification of Assets and Corresponding

Deductions to the Reserve for Potential Losses and Damages’

of 21 July 2004 No. 18/3

In accordance with Articles 5, 9 and 64 of the Constitutional Law of the Kyrgyz Republic “On the National Bank of the Kyrgyz Republic”, the Board of the National Bank of the Kyrgyz Republic resolves:

1. To amend the Resolution of the Board of the National Bank of the Kyrgyz Republic “On Approval of the Regulation ‘On Classification of Assets and Corresponding Deductions to the Reserve for Potential Losses and Damages’” of 21 July 2004 No. 18/3 (attached).

2. This resolution shall enter into force upon expiration of 15 (fifteen) days from the day of its official publication.

3. The Legal Department shall:

• from the day of receipt of the relevant documents, within 3 (three) working days, 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 Supervision Methodology Department shall, within 3 (three) working days from the day of official publication, bring this resolution to the attention of the Legal Entity Union “Union of Banks of Kyrgyzstan”, commercial banks and OJSC “Guarantee Fund”.

5. The “Secretariat of the Board” Division shall, within 3 (three) working days from the day of adoption of this resolution, bring it to the attention of the Supervision Methodology Department, the Banking Supervision Department, the Non-Bank Organizations Supervision Department, the Legal Department, regional departments and the Representative Office of the National Bank of the Kyrgyz Republic in Batken Oblast.

6. Control over the execution of this resolution shall be assigned to the member of the Board of the National Bank of the Kyrgyz Republic supervising the Supervision Methodology Department.

Chairman M. Turgunbaev

Annex
to the Resolution of the Board of the National Bank of the Kyrgyz Republic of 4 December 2024 No. 2024-П-12/64-3-(НПА)

Amendment

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

“On Approval of the Regulation ‘On Classification of Assets and Corresponding Deductions to the Reserve for Potential Losses and Damages’

of 21 July 2004 No. 18/3

1. To introduce the following amendment to the Resolution of the Board of the National Bank of the Kyrgyz Republic “On Approval of the Regulation ‘On Classification of Assets and Corresponding Deductions to the Reserve for Potential Losses and Damages’” of 21 July 2004 No. 18/3:

in the Regulation on Classification of Assets and Corresponding Deductions to the Reserve for Potential Losses and Damages, approved by the above-mentioned resolution:

• in paragraph 4.2.5, exclude the words “(in national currency)”.