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Based on the Report dated June 1, 2015 of a conservator of the “Issyk-Kul” Investment Bank OJSC, the Board of the National Bank decided to establish insolvency of the “Issyk-Kul” Investment Bank OJSC and revoked its banking license since June 3, 2015.  Special administrator appointment procedures shall be further held in the manner prescribed by the laws of the Kyrgyz Republic.  

 

June 4, 2015 

According to the requirements of the Provision “On licensing the activities of payment systems operators and payment organizations”, approved by the Resolution #58/9 dated December 24, 2014 of the Board of the National Bank of the Kyrgyz Republic, 8 organizations obtained licenses of the National Bank of the Kyrgyz Republic 

 

“Interbank Processing Center” CJSC  

On May 12, 2015, the “Interbank Processing Center” CJSC obtained a license № 2001120515 for the right to carry out of activities related to rendering of services on accepting, processing and delivery of financial information (processing, clearing) on payments and settlements of third persons to participants of payment systems of the present processing, clearing center.  

  

“Momentary Payments Integrated System” LLC  

On May 12, 2015, the “Momentary Payments Integrated System” LLC obtained a license for carrying out of the following types of activities:   

№ 2002120515 on rendering of services on accepting, processing and delivery of financial information (processing, clearing) on payments and settlements of third persons to participants of payment systems of the present processing, clearing center;  

№ 3001120515 on rendering of services on accepting and making payments and settlements for goods and services, which are other than the outcome of its activities, in favor of third persons through payment systems based on the information technologies, electronic means and payment methods.  

  

“Mobilnik” (Cell Phone) LLC  

On May 29, 2015, the “Mobilnik” LLC obtained a license for carrying out of the following types of activities:   

№ 2003290515 on rendering of services on accepting, processing and delivery of financial information (processing, clearing) on payments and settlements of third persons to participants of payment systems of the present processing, clearing center.  

№ 3002290515 on rendering of services on accepting and making payments and settlements for goods and services, which are other than the outcome of its activities, in favor of third persons through payment systems based on the information technologies, electronic means and payment methods.   

  

“Mobilnyi Koshelek” LLC 

On May 29, 2015, the “Mobilnyi Koshelek” LLC obtained a license for carrying out of the following types of activities:   

№ 2004290515 on rendering of services on accepting, processing and delivery of financial information (processing, clearing) on payments and settlements of third persons to participants of payment systems of the present processing, clearing center;  

№ 3003290515 on rendering of services on accepting and making payments and settlements for goods and services, which are other than the outcome of its activities, in favor of third persons through payment systems based on the information technologies, electronic means and payment methods.  

  

“BM Technologies” LLC  

On May 29, 2015, the “BM Technologies” LLC obtained a license for carrying out of the following types of activities:   

№ 2005290515 on rendering of services on accepting, processing and delivery of financial information (processing, clearing) on payments and settlements of third persons to participants of payment systems of the present processing, clearing center;  

№ 3004290515 on rendering of services on accepting and making payments and settlements for goods and services, which are other than the outcome of its activities, in favor of third persons through payment systems based on the information technologies, electronic means and payment methods.  

  

“KYRTELSAT” LLC  

On June 1, 2015, the “KYRTELSAT” LLC obtained a license for carrying out of the following types of activities:   

№ 2006010615 on rendering of services on accepting, processing and delivery of financial information (processing, clearing) on payments and settlements of third persons to participants of payment systems of the present processing, clearing center;  

№ 3005010615 on rendering of services on accepting and making payments and settlements for goods and services, which are other than the outcome of its activities, in favor of third persons through payment systems based on the information technologies, electronic means and payment methods.  

  

“Quickpay System” LLC  

On June 1, 2015, the “Quickpay System” LLC obtained a license for carrying out of the following types of activities:   

№ 2007010615 on rendering of services on accepting, processing and delivery of financial information (processing, clearing) on payments and settlements of third persons to participants of payment systems of the present processing, clearing center;  

№ 3006010615 on rendering of services on accepting and making payments and settlements for goods and services, which are other than the outcome of its activities, in favor of third persons through payment systems based on the information technologies, electronic means and payment methods.  

  

“Alimbek JSM” LLC  

On June 1, 2015, the “Alimbek JSM” LLC obtained a license for carrying out of the following types of activities:   

№ 2008010615 on rendering of services on accepting, processing and delivery of financial information (processing, clearing) on payments and settlements of third persons to participants of payment systems of the present processing, clearing center;  

№ 3007010615 on rendering of services on accepting and making payments and settlements for goods and services, which are other than the outcome of its activities, in favor of third persons through payment systems based on the information technologies, electronic means and payment methods.  

 

A textbook “Fundamentals of financial literacy” was posted at the website www.finsabat.kg. Authors of the textbook are U.S. Hihmatov, M.T. Koichueva. (Reviewers: D.Ch. Bektenova, Doctor of Economics, Professor of the Kyrgyz Russian Slavic University and U.K. Sarbanov, Ph.D. in Economics). The textbook was prepared as a part of the common project of the “FINCA Bank” CJSC and Kyrgyz Russian Slavic University. The textbook was first presented on April 17, 2015 at the first National Congress on finances and financial management in Osh city.  

June 3, 2015 

Ms. L. Orozbaeva, Deputy Chairman of the National Bank of the Kyrgyz Republic, met with the World Bank Mission 

Ms. Lada Orozbaeva, Deputy Chairman of the National Bank of the Kyrgyz Republic, held a meeting with the Mission of the World Bank headed by Mr. Gevdet Unal under the “Financial sector development” Project.  

In the course of the meeting, Ms. Lada Orozbaeva told to the representative of the World Bank Mission about the National Banks activities on promotion of financial literacy of the population, including a draft concept on financial literacy of the population developed by the experts of NBKR.   

Besides it, parties discussed a set of questions related to protection of consumers, draft Bank Code, crisis management and a set of projects on development of financial sector.   

 At the end of the meeting, the parties expressed readiness for mutual cooperation.    

Licenses have been issued to the following exchange offices: 

1. “Course Plus” LLC (license № 5296 dated June 1, 2015 for carrying out of exchange operations with foreign currency in cash). Registration number of the exchange office № 3294. Legal address: Aprt. 1, 148 Abdrakhmanov Street, Bishkek city.  

2. “Farkhat-Gary” LLC (license № 5297 dated June 3, 2015 for carrying out of exchange operations with foreign currency in cash). Registration number of the exchange office № 3295. Legal address: 134 Frunze Street, Sokuluk village, Chui oblast. 

3. “Adyl+K” LLC (license № 5298 dated June 4, 2015 for carrying out of exchange operations with foreign currency in cash). Legal address: u/n. Oktyabrskaya Street, Kochkor-Ata town, Nooken region, Jalal-Abad oblast (reference point: central market, entrance is on the southern side, 1st passage, 5th premise). 

4. “Baisal B” LLC (license № 5299 dated June 4, 2015 for carrying out of exchange operations with foreign currency in cash). Registration number of the exchange office № 3298. Legal address: 144/6 Abdrakhmanov Street, Bishkek city.  

5. “YASIIN” LLC (license № 5300 dated June 4, 2015 for carrying out of exchange operations with foreign currency in cash). Legal address: Jalal-Abad town, Jalal-Abad oblast (reference point: central market, next to “Mariam” shoes market). 

6. “Islam CASH” LLC (license № 5301 dated June 5, 2015 for carrying out of exchange operations with foreign currency in cash). Registration number of the exchange office № 3299. Legal address: 526 Lenin Street, Chaldybar village, Chui oblast. 

7. “Zolotoi Course” LLC (license № 5302 dated June 5, 2015 for carrying out of exchange operations with foreign currency in cash). Registration number of the exchange office № 3300. Legal address: 524 Lenin Street, Chaldybar village, Chui oblast. 

8. Yntymak Plus” LLC (license № 5303 dated June 5, 2015 for carrying out of exchange operations with foreign currency in cash). Registration number of the exchange office # 3301. Legal address: Aprt. 33, 2 Den Syaopin Street, Bishkek city.  

1) “Timofei Company” LLC under № 3293 dated June 1, 2015. Legal address: Northern parking lot, container № 2-t, 1 Kozhevennaya Street, Dordoi Market, Bishkek city. 

2) “Iskhak and Isaak” LLC under № 3296 dated June 3, 2015. Legal address: 146-2 Abdrakhmanov Street, Bishkek city. 

3) “MCS Agency” LLC under № 3297 dated June 3, 2015. Legal address: 119 А Abdrakhmanov Street, Bishkek city. 

Licenses of the following exchange offices have been revoked: 

1. License of the Individual Entrepreneur Chekusheva Gulsima Salimyanovna № 4988 dated June 14, 2012 for carrying out of exchange operations with foreign currency in cash. Legal address: central market, u/n Gagarin Street, Pulgon village, Kadamzhai region, Batken oblast.  

2. License of the Individual Entrepreneur Kuzibaev Saidahmat Batyrovich № 4989 dated June 14, 2012 for carrying out of exchange operations with foreign currency in cash. Legal address: central market, u/n Gagarin Street, Pulgon village, Kadamzhai region, Batken oblast.