Resolution of the Board of the National Bank of the Kyrgyz Republic No. 36/10 of December 29, 2004 on Approval of the Regulation on Minimum Risk Management Requirements for Banks in the Kyrgyz Republic

Registered in the Ministry of Justice of the Kyrgyz Republic

February 4, 2005. Registration number 18-05

Bishkek

dated December 29, 2004 No. 36/10

RESOLUTION OF THE BOARD OF THE NATIONAL BANK

OF THE KYRGYZ REPUBLIC

On Approval of the Regulation "On Minimum

Risk Management Requirements for Banks

of the Kyrgyz Republic"

Having considered the draft Regulation "On Minimum Risk Management Requirements for Banks of the Kyrgyz Republic", guided by the 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. Approve the Regulation "On Minimum Risk Management Requirements for Banks of the Kyrgyz Republic" (attached).

2. The Management Department of Supervision and Licensing Methodology, jointly with the Legal Department, to carry out state registration of this resolution in the Ministry of Justice of the Kyrgyz Republic in the established manner.

3. This resolution shall enter into force after state registration in the Ministry of Justice of the Kyrgyz Republic and subsequent official publication.

Published in the journal "Normative Acts of the National Bank of the Kyrgyz Republic", No. 1, 2005, book 2

4. The Management Department of Supervision and Licensing Methodology to bring this resolution to the attention of the regional departments and the Batken representation of the National Bank of the Kyrgyz Republic, commercial banks, JSC "RSK", KSF, FKPRKS, and the Association of Banks of Kyrgyzstan.

5. Commercial banks, JSC "RSK", KSF, and FKPRKS to bring their internal acts on risk management into compliance with this resolution after its entry into force, by July 1, 2005.

6. After official publication of this resolution, inform the Ministry of Justice of the Kyrgyz Republic about the source of publication (name of the edition, its number and date).

7. Assign control over the execution of this resolution to G.M. Omurzakova, Deputy Chairman of the National Bank of the Kyrgyz Republic.

Chairman of the Board of the National
Bank of the Kyrgyz Republic U. Sarbanov