Resolution of the Board of the National Bank of the Kyrgyz Republic No. 2026-P-12/15-3-(NPA) of March 4, 2026 on Amendments to Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic

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

of March 4, 2026 No. 2026-P-12/15-3-(NPA)

ON AMENDMENTS TO CERTAIN REGULATORY LEGAL ACTS OF THE NATIONAL BANK OF THE KYRGYZ REPUBLIC

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

• "On Certain Regulatory Legal Acts of the National Bank of the Kyrgyz Republic" of June 30, 2010 No. 52/4;

• "On Approval of the "Procedure for the Operation of Commercial Banks and Other Financial and Credit Organizations Licensed and Regulated by the National Bank of the Kyrgyz Republic with Collateral Property" of July 4, 2012 No. 28/7.

2. The Legal Department:

• within 3 (three) working days from the date of receipt of the relevant documents, 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. This resolution enters into force after the expiration of 15 (fifteen) days from the date of official publication.

4. The Supervision Methodology Department, within 3 (three) working days from the date of official publication of this resolution, bring it to the attention of the Association of Legal Entities "Union of Banks of Kyrgyzstan", commercial banks, the Association of Legal Entities "Association of Microfinance Organizations", the Association of Legal Entities "National Association of Credit Unions and Cooperatives of Kyrgyzstan", the Open Joint Stock Company "Financial Company of Credit Unions", microfinance organizations and credit unions.

5. The "Secretariat of the Board" Department, within 3 (three) working days from the date of adoption of this resolution, bring it to the attention of structural subdivisions, regional departments, and the Representation of the National Bank of the Kyrgyz Republic in the Batken region.

6. 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 Supervision Methodology Department.

Chairman		M. Turgunbaev

		Appendix to the Resolution of the Board of the National Bank of the Kyrgyz Republic of March 4, 2026 No. 2026-P-12/15-3-(NPA)

AMENDMENTS

to certain regulatory legal acts of the National Bank of the Kyrgyz Republic

1. Make the following amendment 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 June 30, 2010 No. 52/4:

in the Regulation "On Minimum Requirements for Credit Risk Management in Commercial Banks and Other Financial and Credit Organizations Licensed by the National Bank of the Kyrgyz Republic", approved by the aforementioned resolution:

• paragraph 3-2 is to be worded as follows:

"3-2. Blanket loans are loans that are not secured by real estate, movable property, guarantees, suretyship, property rights, right of claim, and other instruments provided for by the legislation on pledge and regulatory legal acts of the National Bank as collateral for loans, except for overdrafts on payment cards within the framework of payroll projects, overdrafts on payment cards issued to pensioners.

In this regard, the property rights of the borrower, as well as the bank's right of claim on future cash inflows, goods, inventory, accounts receivable, or other future assets of the borrower, except for rights of a personal nature, including the right to receive salary, pension, or the right to receive personal services, are recognized as collateral for loans provided that such rights are confirmed by valid contracts or other documents. In the absence of confirmation, such loans are considered blanket loans.

Blanket loans are issued exclusively to a creditworthy borrower based on an assessment of the level of their income/analysis of solvency in accordance with the regulatory legal acts of the National Bank.

Note: Amendments introduced by the Resolution of the Board of the National Bank No. 2026-P-12/15-3-(NPA) of March 4, 2026, apply to loans issued after the date of entry into force of the said resolution.".

2. Make the following amendment to the resolution of the Board of the National Bank of the Kyrgyz Republic "On Approval of the "Procedure for the Operation of Commercial Banks and Other Financial and Credit Organizations Licensed and Regulated by the National Bank of the Kyrgyz Republic with Collateral Property" of July 4, 2012 No. 28/7:

in the Procedure for the operation of commercial banks and other financial and credit organizations licensed and regulated by the National Bank of the Kyrgyz Republic with collateral property, approved by the aforementioned resolution:

• paragraph 6 is to be supplemented with the following sentence:

"In this regard, the subject of pledge cannot be rights of a personal nature, including the right to receive salary, pension, or the right to receive personal services.".