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Due to the systematic violations of the banking laws of the Kyrgyz Republic canceled, revoked certificates / licenses of the following NBFI  

 

1. From December 29, 2012 revoked a license of the CU “Bekbolsun-Ulan” No.446 dated January 20, 2004 on the basis of the Decree of the Supervisory Committee No.54/4/1 dated December 29, 2012. Legal address: ap.2, h.144, Togolok-Moldo st., Bishkek city; 

2. From December 29, 2012 revoked a license of the CU “Siyana” No.471 dated November 10, 2004 on the basis of the Decree of the Supervisory Committee No. 54/4/2 dated December 29, 2012. Legal address: 207, Kurmanjan-Datka st., Bishkek city; 

3. From December 29, 2012 revoked a license of the CU “Nazbiyke” No.157 dated September 24, 1999 on the basis of the Decree of the Supervisory Committee No. 54/4/3 dated December 29, 2012. Legal address: ap.2, h.29, Tynchtyk st., Kerben village, Aksy district, Djalal-Abad region; 

4. From December 29, 2012 revoked a license of the CU “El bulak” No.537 dated February 05, 2009 on the basis of the Decree of the Supervisory Committee No. 54/4/4 dated December 29, 2012. Legal address: No.138, Alaarchinskaya st., Novo-Pavlovka village, Sokuluk district, Chui region; 

5. From December 29, 2012 revoked a license of the CU “Aiyl shamy” No.545 dated October 19, 2009 on the basis of the Decree of the Supervisory Committee No. 54/4/5 dated December 29, 2012. Legal address: No.33, Zentralnaya st., Poltavka village, Jaiyl district, Chui region; 

6. From January 19, 2013 revoked a license of the CU “Ashim-Ata” No.376 dated April 26, 2002 on the basis of the General Meeting of Participants of the CU “Ashim-Ata” dated January 09, 2013 and the statement of the Chief Executive Officer of the Credit Union dated January 17, 2013. Legal address: n/n, Salieva st., Osh town (Osh district childrens hospital). 

 

The National Bank of the Kyrgyz Republic in the framework of the functions defined by the laws for regulation and supervision of the microfinance sector, reports on the application of following measures and sanctions to the microfinance organizations for the year 2012. 

In order to align the activities of the microfinance organizations in accordance with article 2 of the Law “On the Microfinance Organizations in the Kyrgyz Republic” and the regulations of the National Bank on the basis of the analysis of the microfinance organizations regulatory reporting as of December 31, 2011, June 30, 2012 and September 30, 2012, there requests were sent to the microfinance organizations to provide disclosure and justification of set interest rates on the loan products with their interpretation and copies of internal regulations (credit policies/guidelines and procedures). 

Upon review of the submitted reports and internal documents of the microfinance organizations - for the discrepancy of their content to the requirements of the regulatory legal acts, the National Bank assumes preventive measures of effect in accordance with the Regulations “On the preventive measures and sanctions imposed by the National Bank for the Microfinance Organizations”, with the requirement to bring its activities in accordance with the laws of the Kyrgyz Republic and the regulatory legal acts of the National Bank and to report on time. In order to assist to the microfinance organizations in preparation of the relevant internal documents for proper disclosure of the goal achievement of the microfinance organizations established by article 2 of the Law “On the Microfinance Organizations in the Kyrgyz Republic”, the National Bank has developed and sent “The Recommendations on minimum requirements for the credit policy of the MO without deposits”. 

From the analysis of reports of the microfinance organizations, submitted according to the applied preventive measures and sanctions NBKR, from 46 MO were revoked for failure to respect the requirements of article 2 of the Law “On the Microfinance Organizations in the Kyrgyz Republic” and the Recommendations on the minimum requirements for the credit policy of the microfinance organizations without deposits. Also these microfinance organizations did not fulfill the requirements of the regulatory legal acts NBKR. 

Due to the systematic violations of the laws and regulations of the National Bank (including non- providing of the Periodic Regulatory Report and non-fulfillment of orders), the National Bank has revoked the certificates of registration in 52 microfinance organizations. 

Below is a list of aforementioned revocation of the microfinance organizations by regions of the Kyrgyz Republic: 

 

Revoked the certificates of registration

In connection of non-compliance with the requirements of art. 2 of the Law “On the Microfinance Organizations in the Kyrgyz Republic” and the regulations NBKR 

In connection with the systematic violation of the laws and the regulations NBKR (including failure to provide PRR)  

Bishkek city and Chui region 

No. 

Name of MO 

No. 

Name of MO 

MC “DEK” LLC  

PF “Civil Foundation for microcrediting” MC 

MC “Batyr Credit” LLC 

MC “LEGAL TRUST INVEST” LLC  

MC “Bystryi Credit” LLC 

MC “ARIET-CREDIT” LLC 

MC “ABRiD Capital” LLC 

MC “Capital Invest” LLC 

MC “ARKESH” LLC 

MC “Dilde Kench” LLC  

MC “Business Centre Credit” LLC  

MC “Koky financial corporation” LLC 

MC “Multi-Capital” LLC 

MC “Karabalta Credit” LLC 

 MC “Baibolot” LLC 

MC “Doverie” LLC  

MC “JBK and Partners” LLC 

MC “Batyr-Aikol” LLC 

10 

MC “Jenil Credit” LLC  

10 

MC “Gold Capital” LLC  

11 

MC “Creditka” LLC 

11 

MC “Investcom Capital” LLC  

12 

MC “Bek Ai” LLC  

12 

MC “АВС&Company” LLC  

13 

MC “Bek Invest” LLC  

13 

MC “Adil credit” LLC  

14 

MC “Adis Credit” LLC  

14 

MC “Alpeim Credit” LLC  

15 

MC “Aiger M credit” LLC 

15 

MC “Bashat Credit” LLC  

16 

MC “Akbarali-MKK” LLC  

16 

MC “Baiterek” LLC  

17 

MC “Credit Plus” LLC  

17 

MC “Baisan UMN” LLC  

18 

MC “Zaem Plus” LLC  

18 

MC “Positive Finance” LLC 

19 

MC “Enesai-invest” LLC  

19 

MC “BB Credit” LLC  

20 

MC “MiR” LLC  

20 

MC “AITE” LLC  

21 

MC “Altyn-Nur” LLC  

21 

MC “Kulanbai” LLC  

22 

MC “Kireshe Ordo” LLC  

22 

MC “Atan-el” LLC  

23 

MC “Creditnyi dvor” LLC  

23 

MC “Kuttuu-Nur” LLC  

24 

 MC “Prime finance” LLC  

24 

MC “Amanat” LLC  

25 

MC “Money Trust” LLC  

25 

MC “Ajat Credit” LLC  

26 

MC “Aidai Credit” LLC  

26 

MC “Aikol-Dos” LLC  

27 

MC “Eldoscredit” LLC  

27 

MC “Karajat Finance” LLC  

28 

  Mc “Optim Credit” LLC  

28 

MC “Jakshylyk Credit” LLC  

29 

  MC “Dos and Company” LLC  

29 

MC “Aktilek” LLC  

30 

MC “Nasmir” LLC  

30 

MC “Kenya ten” LLC  

31 

  MC “Kut Kireshe” LLC  

31 

MC “Rakhat” LLC  

32 

  MC “Golden Apple Credit” LLC  

32 

MC “NTScredit” LLC  

33 

MC “Bailand” LLC  

33 

PF “NURTOK” LLC  

34 

MC “Sistemy Bai Bashat” LLC  

34 

MC “Nur Credit” LLC  

  

  

35 

MC “Bai Finance” LLC  

  

  

36 

PF “Zor Kireshe” MC  

  

  

37 

MC “Baikol Credit” LLC  

  

  

38 

MC “AK-TASH Credit” LLC  

Issyk-Kul region  

Issyk-Kul region  

35 

  MC “Bayseit Ata” LLC  

39 

PF “Juman Ata” MC 

36 

PF “Razvitie” MC  

40 

PF “Tup-Nurdan” MC 

37 

MC “Al-Nur”LLC  

41 

PF “Economic Take-Off” MC  

38 

  MC Organization “Altyn-Kazyna and Co” 

42 

PF “Kydyr Alik” MC  

39 

MC “Capital-ABE” LLC  

43 

PF “Nur-Ilebi” MC  

 

 

44 

PF “Atakan Ata” MC  

Talas region  

Talas region  

40 

MC “Nurjigit-Bek” LLC  

45 

MC “Namys Belsen” LLC  

41 

MC “Janbosun” LLC  

46 

PF “CASHMAN” MC  

42 

MC “Arzan-Capital” LLC  

47 

 PF “Shailookuldun Kazynasi” MC  

43 

MC “Abil-Aina” LLC  

48 

 PO “Rysbek Ata Aikol” MC  

  

  

49 

PF “Shumkar” MC 

  

  

50 

MC “Ulut Rukhu” MC  

Naryn region  

Djalal-Abad region  

44 

  MC “Bayseit Ata” LLC  

51 

MC “Begaiym” LLC  

45 

  MC “Bairabat” LLC  

Batken region  

46 

MC “Ak-Bata Incom.” LLC  

52 

PF “Naimanravat” LLC  

 

The National Bank also reports that suspended the certificates at present in these microfinance organizations: 

 

Bishkek city and Chui region 

1. MC “Munduz Credit” LLC; 

2. MC “Credit Centre” LLC; 

3. MC “Beren Credit” LLC; 

4. MC “Grin Capital” LLC; 

5. MC “Fincredit” LLC; 

6. MC “Udobnyi-Credit” LLC; 

7. MC “Trust Company” LLC. 

 

Interbank settlements  

Interbank payment system indicators (IPS) 

  

  

Total IPS 

including 

Clearing system   

Gross system   

volume,  

som  

quantity,  

unit 

volume,  

som  

quantity,  

unit 

volume,  

som  

quantity,  

unit 

Indicators over a period from January 14 to 19, 2013 (accounting period)  

Absolute value  

12 730 991 603,26 

47 086 

1 601 437 657,61 

43 669 

11 129 553 945,65 

3 417 

Share of payments IPS(%)  

100,0 

100,0 

12,6 

92,7 

87,4 

7,3 

including 

(%) :  

  

  

  

  

  

  

Unified Interbank Processing Centre Net Positions 

0,1 

1,8 

0,7 

1,9 

0,0 

0,0 

Central Treasury  Outgoing  

8,9 

2,8 

14,2 

3,0 

8,1 

0,9 

Central Treasury    Incoming  

17,4 

41,3 

21,7 

43,9 

16,7 

8,7 

Social Fund Outgoing 

0,03 

0,7 

0,2 

0,8 

0,0 

0,0 

Social Fund  Incoming  

0,9 

6,5 

7,5 

7,0 

0,0 

0,0 

Average week indicators for the last moth   

Absolute value  

16 181 492 226,83 

53 462 

1 883 958 096,61 

49 538 

14 297 534 130,22 

3 924 

Deviation of the reporting period indicators from the average week indicators for the last month 

Absolute value  

-3 450 500 623,57 

-6 376 

-282 520 439,00 

-5 869 

-3 167 980 184,57 

-507 

%  

-21,3 

-11,9 

-15,0 

-11,8 

-22,2 

-12,9 

Elcard system indicators  

As of   

12.01.2013 

19.01.2013 

Total quantity of issued cards  

(without regard of re-issued)  

167 630 

169 972 

Quantity of pos-terminals:  

- in banks   

- in sales outlets   

 

991 

730 

261 

 

991 

730 

261 

Quantity of ATM   

254 

263