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ь On May 26, 2010, regular meeting of the Board of the National Bank of the Kyrgyz Republic was arranged. In the course of the meeting the following issues were considered and relevant resolutions were accepted: 

On report on monetary policy for the 1st quarter of 2010 and monetary-credit program for the forthcoming period (№36/1); 

On development tendencies of commercial banks of the Kyrgyz Republic (№36/2); 

On introduction of changes and amendments to some regulatory legal acts of the National Bank of the Kyrgyz Republic (№36/3), in accordance with which changes into Provisional rules for regulation of activity of the international financial corporation and Provision “On minimum requirements for the credit risk management in commercial banks and other financial-credit institutions, licensed by the National Bank of the Kyrgyz Republic” were introduced to liberalize regulative requirements for the purpose of expansion of crediting volumes and development of micro-financing organization;  

On introduction of changes and amendments to the Provision on classification of assets and corresponding deductions to the Reserves for coverage of potential losses (№36/4); 

Report on current state of the payment system (№36/5); 

On basic requirements for activity of commercial banks at conclusion of agent agreements for provision of banking retail services (№36/7); 

On performance of direct SWAP transactions (№36/11); 

On introduction of changes and amendments to some regulatory legal acts of the National Bank of the Kyrgyz Republic (№36/15), in accordance with which changes and amendments into the Rule for regulation of activity of credit unions in the Kyrgyz Republic are introduced. For the purpose of development of credit unions and due to numerous requests of associations, representing interests of credit unions, regulative requirements for credit unions were changed.  

 

 

 

News of non-banking financial and credit institutions 

 

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

1. Public Fund MCA “Saray Credit” (certificate on accounting registration No. 192, dated May 27, 2010 for micro crediting of physical and legal entities). Legal address: 2, Abdullaev Str., Kirov village, Saray aiyl okmotu, Karasuu rayon, Osh oblast; 

2. Public Fund MCA “Kaventina” (certificate on accounting registration No. 191, dated May 24, 2010 for micro crediting of physical and legal entities). Legal address: 40a, Mamyrbekov Str., Ala Buka village, Ala-Buka rayon, Jalalabat oblast; 

3. LLC MCC “Nur-ay credit” (certificate on accounting registration No. 291, dated May 26, 2010 for micro crediting of physical and legal entities). Legal address: 28, Lugovaya Str., Chui village, Chui rayon, Chui oblast; 

4. LLC MCC “Insan finance” (certificate on accounting registration No. 290, dated May 24, 2010 for micro crediting of physical and legal entities). Legal address: 86/4, Pushkin Str., Jalalabat, Jalalabat oblast; 

5. PE Sarsenbaev Altynbek Albyspaevich (License No. 4399, dated May 28, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2529. Legal address: 524, Lenin Str., Chaldovar village, Chui oblast; 

6. PE Zaitov Akramjan Turganovich (License No. 4398, dated May 28, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2528. Legal address: 4b, Chui avenue., Bishkek (Trade Centre “Madina”); 

7. PE Damirov Kamran Alyasker-ogly (License No. 4397, dated May 28, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2527. Legal address: 150, Abdrahmanova Str., Bishkek; 

8. PE Pechurin Sergei Nikolaevich (License No. 4396, dated May 28, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2526. Legal address: 18, Kojomberdiev Str., Kara-Balta, Chui oblast (Bereke market); 

9. PE Nesterova Vera Aleksandrovna (License No. 4395, dated May 28, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2525. Legal address: 104a, Bokonbaev Str., Bishkek; 

10. PE Hihizov Madjit Kerimovich (License No. 4394, dated May 28, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2524. Legal address: 138, Frunze Str., Sokuluk village, Chui oblast; 

11. PE Toktonazarov Nuraly Tokenovich (License No. 4393, dated May 28, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2523. Legal address: 2-10/11, Den Syaopina Str., Bishkek; 

12. PE Yusupov Rustam Habibovich (License No. 4392, dated May 27, 2010 for conducting cash foreign exchange transactions).Legal address: 145, Lenin Str., Karakol, Issyk-Kul oblast; 

13. PE Minbaev Samat Asanbaevich (License No. 4391, dated May 27, 2010 for conducting cash foreign exchange transactions).Legal address: Toktogula Str., Karakol, Issyk-Kul oblast (shop Baysal); 

14. PE Gaipov Anvarbek Turgunovich (License No. 4390, dated May 25, 2010 for conducting cash foreign exchange transactions).Legal address: Asanaliev Str., Kyzyl-Kiya, Batken oblast (LLC Aibek Bazary); 

LLC Image Plus (License No. 4389, dated May 24, 2010 for conducting cash foreign exchange transactions).Legal address: 1, Bayalinov Str., Osh, Osh oblast. 

 

 

Inter-bank payments 

 

Indices of Inter-bank payment systems (IPS) 

  

Total IPS 

including 

Clearing system 

Gross system 

KGS mln 

items 

KGS mln 

items 

KGS mln 

items 

Indices from the period of May 24,2010 May 29, 2010 (reporting period) 

Absolute value for a week  

7 986,4 

24 896 

1 144,2 

22 686 

6 842,2 

2 210 

Share of IPS payments (%) 

100,0 

100,0 

14,3 

91,1 

85,7 

8,9 

including (%): 

 

 

 

 

 

 

Net positions of Common Interbank Processing Center 

0,2 

1,3 

1,3 

1,4 

0,0 

0,0 

Outgoing to the Central Treasurer's Office 

21,5 

19,5 

22,9 

21,0 

21,3 

4,1 

Incoming from the Central Treasurer's Office 

17,1 

22,8 

13,7 

24,7 

17,7 

2,8 

Outgoing to the Social Fund 

0,01 

0,1 

0,05 

0,1 

0,0 

0,0 

Incoming from the Social Fund 

0,00002 

0,004 

0,0001 

0,004 

0,0 

0,0 

Average weekly indices for the previous month 

Absolute Value 

8 054,9 

30 738 

953,0 

28 523 

7 101,9 

2 215 

Indexes deviations of the reporting period from the weekly average indexes of the previous month  

Absolute Value 

-68,5 

-5 842 

191,2 

-5 837 

-259,8 

-5 

-0,9 

-19,0 

20,1 

-20,5 

-3,7 

-0,2 

 

 

Indices of “Elcart” system* 

 

As of 

May 21, 2010 

May 28, 2010 

Number of cards in circulation (exclusive of the re-issued cards) 

94 567 

94 894 

Number of pos-terminals: 

 

- in banks  

- in trade centers 

Number of terminals: 

Master of payments 

 

501 

476 

25 

 

 

499 

474 

25 

 

35 

Number of automated teller machines 

133 

134 

 

* According to CJSC “Interbank processing center”, all 22 commercial banks are connected to it.