ь The NBKR Board regular meeting was arranged on August 27, 2008. In the course of this meeting the following questions were regarded and corresponding resolutions were accepted: 

– report on monetary policy for the first quarter of 2008 and monetary-credit program for the following period (No.33/1). Abridged version of the report will be presented on the web-site of the National Bank of the Kyrgyz Republic in the section “Monetary Policy/Major tendencies in the monetary policy”; 

– on introduction of changes and additions into the NBKR Board Resolution “On some normative and legal acts of the National Bank of the Kyrgyz Republic” dated August 25, 2008 (No.33/2). In accordance with the changes, a new format of commercial banks reports is established. This format serves as the basis for macroeconomic statistics development; 

– on tendencies of the Kyrgyz Republic commercial banks system development (No.33/3). The information will be provided on the web-site of the National Bank of the Kyrgyz Republic in the section Banking system//Review of the Kyrgyz Republic banking system//Development tendencies of the commercial banks system;  

– on approval of the Provision “On calculation of effective interest rate during distribution of the information about renumeration amount for banking services” (No.33/4) 

– on the Provision “On characteristics of fitness for use as currency and regulations on the Kyrgyz Republic bank-notes and coins exchange” (33/5). New edition is added by the information about circulation coins that have been issued from January 1, 2008; it also includes a detailed information about procedure of bank-notes and coins exchange in the commercial banks and the National Bank of the Kyrgyz Republic;  

– on schedule of measures on realization of the Audit Chamber recommendations provided on the basis of the NBKR reports audit results for 2007 year (33/9); 

The issue “On the NBKR Audit Committee Report for the first six months of 2008” was also discussed.  

ь The national Bank of the Kyrgyz Republic informs commercial banks that on the NBKR official web-site, in the section Normative acts/Drafts for discussion, the following drafts are presented:  

draft Provision “On creation and/or acquisition of subsidiary or affiliated companies by commercial banks of the Kyrgyz Republic”; 

draft changes and additions into the NBKR Board Resolution No.6/2 dated March 19, 2005 “On approval of a new edition of the Provision “On the NBKR Supervisory Committee”, registered in the Kyrgyz Republic Ministry of Justice on April 21, 2005, registration number 55-05; 

draft changes and additions into the NBKR Board Resolution No. 18/1 dated July 21, 2004 “On approval of the Provision on economic standards and requirements, obligatory to be fulfilled by commercial banks and financial-credit institutions, licensed by the National Bank of the Kyrgyz Republic”, registered in the Kyrgyz Republic Ministry of Justice on August 23, 2004, registration number 93-04.  

The Department of supervision and licensing methodology is ready to accept comments and propositions on these drafts at the following email address: gegizova@nbkr.kg up to September 5, 2008.  

The National Bank of the Kyrgyz Republic issued licenses/certificates to the following non-banking financial institutions and exchange offices: 

1. Limited Liability Company MCC "Beren-Kredit" (Account Registration Certificate No.152 dated August 20, 2008 for micro crediting individuals and legal entities). Legal address: 73-13, Mira Avenue, Bishkek;  

2. Limited Liability Company MCC "Aman-Kredit" (Account Registration Certificate No.153 dated August 21, 2008 for micro crediting individuals and legal entities). Legal address: 33, Gorkogo Str., Bishkek;  

3. PE Kulov Mirlan Temirlanovich (License No 3729 dated August 22, 2008 for conducting cash foreign exchange transactions). Registration number of exchange office: 2008. Legal address: pavilion #7, Dordoi Market, Kojevennaya 1 Str., Bishkek; 

4. PE Kokuev Sadykjan Uraimjanovich (License No 3728 dated August 22, 2008 for conducting cash foreign exchange transactions). Legal address: “Turatali” Central Market, Karasuu, Osh oblast; 

5. PE Nuriev Mutalip Ashimovich (License No 3727 dated August 22, 2008 for conducting cash foreign exchange transactions). Legal address: 28/20, Kyrgyzstana Str., Osh, Osh oblast; 

6. PE Pazylov Abdumannap Rahmatovich (License No 3726 dated August 21, 2008 for conducting cash foreign exchange transactions). Legal address: “Central Market”, Kadamjay village, Batken oblast; 

7. PE Sydykova Roza Machinovna (License No 3725 dated August 18, 2008 for conducting cash foreign exchange transactions). Legal address: 163, Frunze Str., Sokuluk village, Chui oblast;  

8. Limited Liability Company “Kompaniya Tet-a-Tet” (License No 3731 dated August 29, 2008 for conducting cash foreign exchange transactions). Legal address: 146a, Ibraimova Str., Bishkek; 

9. PE Mamuthanov Mahamad Yakubjanovich (License No 3730 dated August 25, 2008 for conducting cash foreign exchange transactions). Legal address: “Central Market”, Aytmatova Str., Jalalabat, Jalalabat oblast; 

10. Additional Responsibility Society pawn office «Zaryl» (license No.367 dated August 25, 2008 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: Oktyabrskaya Str., Kochkorata, Nookensiy rayon, Jalalabat oblast; 

11. Additional Responsibility Society pawn office «Asylzat» (license No.368 dated August 25, 2008 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: 6, Vokzalnaya Str., Bazarkongon village, Bazarkongon rayon, Jalalabat oblast; 

12. Additional Responsibility Society pawn office «Manas Plus» (license No.369 dated August 26, 2008 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: 180, Kurmanjan Datka Str., Osh, Osh oblast; 

The NBKR revoked certificates/licenses from the following NBFI: 

1. License No.362 dated October 16, 2007, has been revoked from the Credit Union ”Mashir-Ata” from August 18, 2008 on the basis of the NBKR Supervision Committee Resolution No.17/1 dated August 18, 2008 for non-compliance with the Kyrgyz Republic legislation, normative acts and requirements of the National Bank of the Kyrgyz Republic. Legal address: 247, Toktogula Str. Karakol, Issyk-Kul oblast; 

2. License No.431 dated October 3, 2005, has been revoked from the Credit Union ”Aktivnyi zaem” from August 18, 2008 on the basis of the NBKR Supervision Committee Resolution No.17/5 dated August 18, 2008 for non-compliance with the Kyrgyz Republic legislation, normative acts and requirements of the National Bank of the Kyrgyz Republic. Legal address: 88, Kojomberdieva Str., Karabalta, Jaiyl rayon, Chui oblast; 

3. License No.499 dated October 26, 2007, has been revoked from the Credit Union ”Mol-Egin” from August 18, 2008 on the basis of the NBKR Supervision Committee Resolution No.17/4 dated August 18, 2008 for non-compliance with the Kyrgyz Republic legislation, normative acts and requirements of the National Bank of the Kyrgyz Republic. Legal address: 1, Kaindinskaya Str., Panfilovskoe village, Panfilovskii rayon, Chui oblast; 

4. Account Registration Certificate No.10 dated August 8, 2003 has been revoked from LLC MCC “Zolotoy Telez” from August 22, 2008 for non-performance of credit issuance for more than 1 year. Legal address: 180-12, Bokonbaeva Str., Bishkek;  

5. Account Registration Certificate No.44 dated March 3, 2006 has been revoked from LLC MCC “Kungey Kredit Kompani” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.13 dated August 22, 2008, for systematic failure to submit reports. Legal address: 146-1, Chui Avenue, Bishkek; 

6. Account Registration Certificate No.45 dated March 13, 2006 has been revoked from LLC MCC “IBMC” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.17 dated August 22, 2008, for non-performance of credit issuance for more than 1 year. Legal address: 11, Beishenalieva Str., Bishkek; 

7. Account Registration Certificate No.92 dated September 9, 2007 has been revoked from LLC MCC “ATD” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.14 dated August 22, 2008, for systematic failure to submit reports. Legal address: 57-8, Toktogula Str., Bishkek; 

8. Account Registration Certificate No.98 dated October 4, 2007 has been revoked from LLC MCC “Invest Trust” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.10 dated August 22, 2008, for systematic failure to submit reports. Legal address: 71-13, Chui Avenue, Bishkek; 

9. Account Registration Certificate No.4 dated February 2, 2003 has been revoked from SF MCA “Ay-Ken” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.12 dated August 22, 2008, for systematic failure to submit reports. Legal address: 28a, micro district 8, Bishkek; 

10. Account Registration Certificate No.35 dated May 27, 2003 has been revoked from LLC MCA “Dyikan, Emgek, Maksat” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.11 dated August 22, 2008, for systematic failure to submit reports. Legal address: 6, Teachers’ House, Chym-Korgon village, Kemin rayon, Chui oblast; 

11. Account Registration Certificate No.75 dated October 6, 2004 has been revoked from SF MCA “Ay-Bega” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.18 dated August 22, 2008, for non-performance of credit issuance for more than 1 year. Legal address: 18-1, Proletarskaya Str., Malovodnoe village, Sokuluk rayon, Chui oblast;  

12. Account Registration Certificate No.128 dated April 6, 2007, has been revoked from SF MCA “Ken Kazyna” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.9 dated August 22, 2008, for systematic failure to submit reports. Legal address: 305-31, Jumabeka Str., Bishkek; 

13. Account Registration Certificate No.130 dated May 7, 2007 has been revoked from SF MCA “Atlant-Kredit” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.8 dated August 22, 2008, for systematic failure to submit reports. Legal address: 301-302 rooms, 114, Lev Tolstoy Str., Bishkek; 

14. Account Registration Certificate No.141 dated August 15, 2007 has been revoked from SF MCA “Summus” from August 22, 2008 on the basis of the NBKR Non-banking Financial Institutions Supervision Department Resolution No.15 dated August 22, 2008, for systematic failure to submit reports. Legal address: 114, Lev Tolstoy Str., Bishkek; 

15. Licence No.276 dated Novermber 21, 2005 has been revoked from the Additional Responsibility Society pawn office “Fianit” from August 27, 2008 on the basis of the NBKR Resolution No.39-0 dated August 27, 2008, for systematic failure to submit reports. Legal address: 2 building, 18a-35, Fuchika Str., Bishkek; 

16. Licence No.328 dated July 18, 2007 has been revoked from the Additional Responsibility Society pawn office “Badi Servis” from August 27, 2008 on the basis of the NBKR Resolution No.40-0 dated August 27, 2008, for systematic failure to submit reports. Legal address: 7, Kulatova Str., Bishkek; 

17. Licence No.333 dated August 3, 2007 has been revoked from the Additional Responsibility Society pawn office “Bayrus” from August 27, 2008 on the basis of the NBKR Resolution No.41-0 dated August 27, 2008, for systematic failure to submit reports. Legal address: 49-49, Moskovskaya Str., Bishkek; 

18. Licence No.475 dated February 2, 2005 has been revoked from the Credit Union “Bayrazel” from August 27, 2008 on the basis of the minutes of general meeting on self-liquidating. Legal address: 78, Lenina Str., Naryn, Naryn oblast;  

19. Licence No.524 dated June 13, 2005 has been revoked from the Credit Union “Cholponbai-Ata” from August 27, 2008 on the basis of the minutes of general meeting on self-liquidating. Legal address: apt.5, 78a, Lenina Str., Naryn, Naryn oblast. 

Interbank payments