Withdrawal of the license of the Credit Union Cooperative “Kireshe”
Due to the breach of the legislation of the Kyrgyz Republic, regulatory legal acts and requirements of the National Bank, failure to bridge the gaps within specified periods for which the National Bank suspended the effectiveness of the license, based on the Article 32 of the Law of the Kyrgyz Republic “On the National Bank of the Kyrgyz Republic”, Article 30 and 33 of the Law of the Kyrgyz Republic “On Credit Unions”, par. 1 and 4 of 10.2 the Regulation “On Licensing of the Credit Unions”, par. 3.8 of the Regulation on “Measures applied to Credit Unions”, and par. 2.1 of the Regulation “On the Supervisory Committee of the National Bank of the Kyrgyz Republic”, the Supervisory Committee of the National Bank of the Kyrgyz Republic withdrew the license of the Credit Union “Kireshe” on September 6, 2013 under No. 539 as of July 3, 2009.
Measures taken towards the micro-financial organizations for the period of June 30, 2013 to September 9, 2013
With regard to the incoming requests, the National Bank of the Kyrgyz Republic reports on the application of measures and sanctions to the micro-financial organization for the period of June 30, 2013 to September 9, 2013.
The purpose of application of preventive measures and sanctions towards the micro-finance organizations by the National Bank of the Kyrgyz Republic is to ensure sustainable development of the micro-finance organizations, maintenance of the credit of the population to their activities, protection of the interests of the depositors and service consumers provided by the micro-finance organizations, countering the financing of terrorism and laundering of incomes obtained illegally. The following measures as below were applied by the National Bank of the Kyrgyz Republic for the purpose of bringing the activities of the micro-finance organizations into compliance with the Article 2 of the Law of KR “On micro-finance organizations in the Kyrgyz Republic” and with regard to the breaches of the regulatory acts of the National Bank, based on the analysis of the regulatory reporting of the micro-finance organizations and internal credit policies and procedures, according to the results of the external inspection over the activity of micro-finance organizations within the reporting period:
Ш PREVENTION
Preventive measures were taken due to the breaches of requirements stipulated in regulatory acts by the given micro-finance organizations.
There were 10 notes of warning were addressed including:
- 6 micro-credit organizations due to the breach of the terms of provision of Periodic Regulatory Report for the second quarter 2013.
- 4 micro-credit organizations due to the breaches of the indicators of the action plans of the given micro-finance organizations on optimization of interest rates.
The list of the given micro-credit organizations is attached in the Annex 1.
Ш INSTRUCTION
Instructions were addressed for the purpose of eliminating of the breaches of legislation of the Kyrgyz Republic and requirements of the regulatory acts of the National Bank of the Kyrgyz Republic revealed within the specified period.
There were 146 instructions addressed to micro-credit organizations:
- on 86 micro-credit organizations due to the failure to submit the Periodic Regulatory Report for the second quarter 2013;
- on 24 micro-credit organizations due to the failure to fulfill the instructions of the Inspection Management according to the results of the inspection;
- on 35 micro-credit organizations due to the failure and/or submission of incorrect Periodic Regulatory Reports for the second quarter 2013;
- on 1 micro-credit organizations due to the incorrect calculation of the amount of forfeit and accrual of interests on the credit balance.
The list of the given micro-credit organizations is in the Annex 2.
Ш SUSPENSION/EXTENSION OF THE SUSPENSION DATES OF THE ACCOUNTING REGISTRATION CERTIFICATE
Within the period of July 1, 2013 to September 9, 2013, the periods of the suspension of the accounting registration certificates on the series of micro-finance organizations were suspended and/or extended due to the failure to comply with the requirements of the legislation of the Kyrgyz Republic and regulatory acts of the National Bank of the Kyrgyz Republic, failure to fulfill the previously addressed notices of warning of the National Bank of the Kyrgyz Republic.
Total as of September 9, 2013 the activities of 27 micro-credit organizations have been suspended:
- on 15 micro-credit organizations - suspension/or extension of the suspension period of the accounting registration certificate due to the failure to comply with the requirements of the Article 2 of the Law “On micro-finance organizations in the Kyrgyz Republic”, and non-compliance of the activities with the legislation of the Kyrgyz republic and regulatory acts of the National Bank of the Kyrgyz Republic;
- on 12 micro-credit organizations – suspension and/or extension of the suspension period of the accounting registration certificate due to the failure to submit report on the elimination of the breaches according to the results of the inspection.
The list of given micro-finance organizations is in the Annex 3.
Ш WITHDRAWAL OF THE ACCOUNTING REGISTRATION CERTIFICATE
Due to the systematic breaches of the legislation and regulatory acts of the National Bank of the Kyrgyz Republic, the accounting registration certificate of the two micro-credit organizations have been withdrawn:
- 1 micro-credit organization – due to the failure to comply with the terms of submission of the Periodic regulatory Report for the second quarter 2013 and systemic failure to comply with the instructions of the National Bank of the Kyrgyz Republic;
- 1 micro-credit organization - due to the failure to comply with Article 2 of the Law “On micro-credit organizations in the Kyrgyz Republic” and systemic failure to fulfill the instructions of the National Bank of the Kyrgyz Republic.
The list of given micro-finance organizations is in the Annex 4.
Annex 1
NOTES OF WARNING addressed to the following MCC:
1. CJSC MCC Oxus
2. LLC MCC “GlavCredit”
3. LLC MCC “Azyk Credit Company”
4. LLC MCC “Beren Credit”
5. LLC MCC “Elkut”
6. LLC MCC “Amir Ken”
7. LLC MCC “Bereke Credit”
8. LLC MCC “Bay Ordo”
9. LLC MCC “Finance Standard”
10. LLC MCC “Business Credit”
Annex 2
INSTRUCTIONS addressed to the following MCC:
1. LLC MCC “Akelbol”
2. LLC MCC “Maximum”
3. LLC MCC “Mechta”
4. LLC MCC JOHN & CO
5. LLC MCC “BERK CAPITAL”
6. LLC MCC “Emir”
7. LLC MCC JOHN & CO
8. LLC MCC “Alliance Credit”
9. LLC MCC “Asyl Kapchyk”
10. LLC MCC “Sezim Finance Group”
11. LLC MCC “Bekbol”
12. LLC MCC “Amanat Kazyna”
13. LLC MCC “Credits.kg”
14. LLC MCC “Credo Profit Plus”
15. LLC MCC “Aktan Credit”
16. LLC MCC “Effect Finance”
17. LLC MCC “Kemin”
18. LLC MCC “Abiyir”
19. LLC MCC “A&K”
20. LLC MCC “Ak-Ashuu”
21. LLC MCC “Cooperative Credit”
22. LLC MCC “К2-credit”
23. LLC MCC “Elkut”
24. LLC MCC “Invest Mak”
25. LLC MCC “Fonte Credit”
26. LLC MCC “Chance Invest”
27. LLC MCC “Capital Plus”
28. LLC MCC “Almir Credit”
29. LLC MCC “Arysh Invest”
30. LLC MCC “BJ”
31. LLC MCC “Oxus”
32. LLC MCC “Evrozaim”
33. LLC MCC “Asyl Kapchyk”
34. LLC MCC “Chyn-Kun”
35. LLC MCC “Center Credit”
36. LLC MCC “Irbit”
37. LLC MCC “Apex Microfinance”
38. LLC MCC “AUB-AGRO”
39. LLC MCC “Birik”
40. LLC MCC “Udobny Credit”
41. LLC MCC “Baibol-Alarcha”
42. CJSC MCC “Kudzhin”
43. LLC MCC “Bereke Finance”
44. LLC MCC “FinCred”
45. OJSC MCC “Entrepreneurship Development Fund”
46. LLC MCC “Express Invest”
47. LLC MCC “Most Business Capital”
48. LLC MCC “Alkanov Finance”
49. LLC MCC “Berk Capital”
50. LLC MCC “Standard Credit”
51. LLC MCC “Nusix Company”
52. LLC MCC “Ken-Tush-Credit”
53. LLC MCC “Altyn Capital”
54. LLC MCC Sheriktesh Finance”
55. LLC MCC “Beimaral”
56. LLC Islamic MCC “Islam Microfinance”
57. LLC MCC “Somov”
58. LLC MCC “Souz Credit”
59. CJSC MCC “Trust Union”
60. LLC MCC “Abdymanap –Ata”
61. LLC MCC “Mechta”
62. LLC MCC “Asyl Finance”
63. LLC MCC “Alpha Finance Capital”
64. LLC MCC “Vostok Finance”
65. LLC MCC “Alma-Credit”
66. LLC MCC “RosFinance Credit”
67. LLC MCC “Green Capital”
68. LLC MCC “Dzhur-As”
69. LLC MCC “Munduz Credit”
70. LLC MCC “GlavCredit”
71. LLC MCC “Dialogue Credit”
72. LLC MCC “Emir”
73. LLC MCC “Nurdan Invest”
74. LLC MCC “Alliance Credit”
75. LLC MCC “Gavana Credit”
76. LLC MCC “Ak-Ordo Credit”
77. LLC MCC “Beren Credit”
78. LLC MCC “Kireshe and CO-GGT”
79. LLC MCC “Bir-Top”
80. LLC MCC “Asia Credit Service”
81. LLC MCC “Income Capital”
82. LLC MCC “TezCredit Company”
83. LLC MCC “Adis-Multi-Credit”
84. LLC MCC “Azyk Credit Company”
85. LLC MCC “KSJ”
86. LLC MCC “Tokmok”
87. LLC MCC “Altyn Kylym”
88. LLC MCC “BB Uspeh”
89. LLC MCC “Bekbol”
90. LLC MCC “Strana Creditov”
91. LLC MCC “AKKA-Finance”
92. LLC MCC “Nur-Kut”
93. PF MCA “El Invest”
94. MCA Financial Fund “Bay Tushum”
95. LLC MCC “Zholdosh Group”
96. PA МКА “Arysh Kench”
97. PF MCA “Aihan & Co”
98. LLC MCC “Rahat”
99. LLC MCC “Credit center”
100. LLC MCC “Amir Ken”
101. LLC MCC “Kutman Credit”
102. LLC MCC “Datkaiym”
103. LLC MCC “Nur Bolot Credit”
104. LLC MCC “BB Uspeh”
105. LLC MCC “Somov”
106. LLC MCC “Invest Mak”
107. LLC MCC “Alpha Finance Capital”
108. LLC MCC “Baybol-Alarcha”
109. LLC MCC “Datik”
110. LLC MCC “Standard Credit”
111. LLC MCC “Bereke Bailyk”
112. LLC MCC “Credit Service”
113. LLC MCC “Most Business Capital”
114. LLC MCC “EVI Credit”
115. LLC MCC “VIP Credit”
116. LLC MCC “KSJ”
117. LLC MCC “Urkor”
118. LLC MCC “Premium Credit”
119. LLC MCC “Nur Bolot Credit”
120. LLC MCC “A & K”
121. LLC MCC “Meerim Kireshe”
122. CJSC MCC “Oxus”
123. LLC MCC “Capital Plus”
124. LLC MCC “Kenay Finance”
125. LLC MCC “Amanat Kazyna”
126. LLC MCC “UCH credit”
127. LLC MCC “Bereke Finance”
128. LLC MCC “Bratco”
129. LLC MCC “BJ”
130. LLC MCC “Asyl Finance”
131. LLC MCC “Credo Profit Plus”
132. LLC MCC “Amir Ken”
133. LLC MCC “Altyn Capital”
134. LLC MCC “Azyk Credit Company”
135. LLC MCC “Kutucha”
136. LLC MCC “Sezim Finance Group”
137. LLC MCC “Zolotoy Standard”
138. LLC MCC “Nusiks company”
139. LLC MCC “A & K”
140. LLC MCC “Invest Mak”
141. LLC MCC “Ishenim Capital”
142. LLC MCC “Alma Credit”
143. LLC MCC “SmBusiness”
144. LLC MCC “Nur-Jailoo Credit”
145. CJSC MCC “Kudjin”
146. LLC MCC “Baibol”
Annex 3
SUSPENSION/EXTENSION OF THE SUSPENSION DATES OF THE ACCOUNTING REGISTRATION CERTIFICATE addressed to the following MCC:
1. LLC MCC “Emir”
2. LLC MCC “Altyn Capital”
3. LLC MCC “Credo Profit Plus”
4. LLC MCC “Akelbol”
5. LLC MCC “BERK CAPITAL”
6. LLC MCC “Beren Credit”
7. LLC MCC “Aktan Credit”
8. LLC MCC “Invest Mak”
9. LLC MCC “BB Uspeh”
10. PA MCA “Kemin”
11. LLC MCC “Credo Profit Plus”
12. LLC MCC “Akelbol”
13. LLC MCC “MolBulak Finance”
14. LLC MCC “BJ”
15. LLC MCC “Asyl Kapchyk”
16. LLC MCC “Progress”
17. LLC MCC “Alliance Credit”
18. LLC MCC “Akniet”
19. LLC MCC “Asyl Finance”
20. LLC MCC “Abdymanap Ata”
21. LLC MCC “EVI Credit”
22. LLC MCC “Nur-Jailoo Credit”
23. LLC MCC “SOMOV”
24. LLC MCC “Ak-Capital”
25. LLC MCC “Microfinance”
26. LLC MCC “ZHENISH”
27. LLC MCC “KSJ”
Annex 4
WITHDRAWAL OF THE ACCOUNTING REGISTRATION CERTIFICATE
1. LLC MCC “Kairat Biy”
2. LLC MCC “Beren Credit”
Licenses/certificates are issued to the following non-financial credit institutions and exchange offices:
There have been no licenses/certificates issued within the period of September 9, 2013 to September 13, 2013.
Licenses /certificates of the following non-financial credit institutions have been cancelled/withdrawn:
The accounting registration certificate of the Credit Union “Dolon Chek” was cancelled on September 10, 2013 under No. 150 as of April 11, 2005 for the micro-crediting of physical and legal entities. According to the minutes of the general meeting of the Credit Union “Dolon Chek” as of September 6, 2013 and statement of the chairman of the board of the company as of September 9, 2013 on cancelling the Credit Union. Legal address: 10, Sportivnaya Street, Kara-Suu, Osh province.
The accounting registration certificate of the LLC MCC “Issyk-Kul Kench” was cancelled on September 10, 2013 under No. 191 as of February 17, 2009 for the micro-crediting of the physical and legal. MCC has brought its credit policy into compliance with the Law “On micro-financing organizations of KR” and recommendations with the minimum requirements to the credit policy of micro-finance organizations that do not attract deposits. Legal address: Mamytov Street, Bostery village, Issyk-Kul rayon, Issyk-Kul province.
INTERBANK PAYMENTS
|
INTERBANK PAYMENT SYSTEM INDICATORS |
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|
|
Total IPS |
Including |
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|
Clearing system |
Gross system |
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|
Volume, KGS |
Q-ty, Pc. |
Volume, KGS |
Q-ty, Pc. |
Volume, KGS |
Q-ty, Pc. |
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|
Indicators for the period of September 9-13, 2013 (reporting period) |
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|
Absolute Value |
17 361 810 993.78 |
55 632 |
1 872 367 976.69 |
51 562 |
15 489 443 017.09 |
4 070 |
||||||||
|
Share in IPS payments (%) |
100.0 |
100.0 |
10.8 |
92.7 |
89.2 |
7.3 |
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|
Including (%): |
|
|
|
|
|
|
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|
Net positions of the SIPC |
0.1 |
1.4 |
1.2 |
1.6 |
0.0 |
0.0 |
||||||||
|
Outgoing to the Central Treasury |
12.8 |
9.3 |
22.2 |
9.8 |
11.7 |
2.9 |
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|
Incoming to the Central Treasury |
9.1 |
36.8 |
18.2 |
39.7 |
8.0 |
0.6 |
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|
Outgoing to the Social Fund |
0.2 |
2.3 |
2.3 |
2.5 |
0.0 |
0.0 |
||||||||
|
Incoming to the Social Fund |
0.5 |
4.6 |
4.2 |
5.0 |
0.0 |
0.0 |
||||||||
|
Average weekly indicators for the last month |
||||||||||||||
|
Absolute Value |
16 068 639 772.55 |
51 994 |
1 722 834 575.50 |
48 756 |
14 345 805 197.05 |
3 238 |
||||||||
|
Deviation of indicators for the reporting period from average weekly indicators for the last month |
||||||||||||||
|
Absolute Value |
1 293 171 221.23 |
3 638 |
149 533 401.19 |
2 806 |
1 143 637 820.04 |
833 |
||||||||
|
% |
8.0 |
7.0 |
8.7 |
5.8 |
8.0 |
25.7 |
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|
Elcart System Indicators |
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|
As of |
06.09.2013 |
13.09.2013 |
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|
The total number of issued cards (excluding re-issued) |
215 855 |
217 239 |
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|
Number of POS terminals: - in banks - in sale outlets |
1165 648 517 |
1165 648 517 |
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Number of ATMs |
292 |
295 |
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