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During the session of the Board of the National Bank of the Kyrgyz Republic held on September 16, 2015, the following matters were considered and relevant resolutions were taken:  

· The Resolution №53/8 dated September 16, 2015 of the Board of the National Bank of the Kyrgyz Republic “On introduction of additions into some resolutions of the Board of the National Bank of the Kyrgyz Republic”; 

· The Resolution №53/9 dated September 16, 2015 of the Board of the National Bank of the Kyrgyz Republic “On introduction of amendments and additions into the Resolution № 50/7 dated December 23, 2009 of the Board of the National Bank of the Kyrgyz Republic “On approval of the Provision “On minimum requirements for credit risk management in credit unions”

· The Resolution №53/10 dated September 16, 2015 of the Board of the National Bank of the Kyrgyz Republic “On introduction of amendments and additions into some resolutions of the Board of the National Bank of the Kyrgyz Republic”; 

· The Resolution №53/11 dated September 16, 2015 of the Board of the National Bank of the Kyrgyz Republic “On introduction of amendments and additions into some resolutions of the Board of the National Bank of the Kyrgyz Republic”.  

 

At the National Bank of the Kyrgyz Republic, representatives of banks and operators of the money transfer systems discussed the draft document “On introduction of amendments and additions into the Rules of money transfers execution through the money transfer systems in the Kyrgyz Republic” 

A round-table conference was held at the National Bank of the Kyrgyz Republic, where the representatives of regulator, banks and operators of the money transfer systems discussed the draft document “On introduction of amendments and additions into the Rules of money transfers execution through the money transfer systems in the Kyrgyz Republic”.   

Mrs Baktygul Zheenbaeva, the Deputy Chairman of the NBKR, Mrs Evelina Lelevkina, the Head of Payment Systems Department, representatives of commercial banks of the Kyrgyz Republic, Association of Legal Entities “Union of Banks of Kyrgyzstan”, as well as of payment systems “Western Union”, MoneyGram International, “Best”, “Blizko”, “Zolotaya Corona”, “Contact” and “Leader” etc. took part in document discussion.   

Mrs Baktygul Zheenbaeva, the Deputy Chairman of the National Bank noted that amendments in Rules related to registration of operators and securing of financial obligations guarantee were adopted at the end of July 2014. Within the specified period, 20 operators of international systems and 16 operators of local money transfer systems have been registered with the National Bank.   

Practical application of these rules showed that they should be amended to make sure that all parties understand them unambiguously. Proposals of commercial banks and operators of money transfer systems conflict with respect to some clauses, therefore we wanted to reach a compromise satisfying all parties in the course of the round-table discussion”,  Mrs Baktygul Zheenbaeva applied to representatives of commercial banks and operators of money transfer systems.  

Mrs Evelina Lelevkina, the Head of Payment Systems Department, informed about main amendments and additions in the draft document, which enable a remittee to receive the money transfer on the Kyrgyz Republic territory either in cash or via bank transfer through placing funds to a bank account, a bank issued card and/or to electronic wallets. “According to new rules, banks may enter into agency agreements with non-bank organizations too, which are actively developing at the market at present. In addition, there were detailing requirements concerning registration of money transfer systems operators with the NBKR and securing of financial obligations by them to payment systems participants Kyrgyz Republic banks”, stated Mrs Evelina Lelevkina.   

Round-table attendants discussed all the issues specified in the agenda. After active discussions, the parties could reach a compromise on basic issues.  

Licenses/certificates have been issued to the following nonbank financial-credit institutions and exchange offices

1. “Nur Exchange Office” LLC (license № 5373 dated September 25, 2015 for carrying out of exchange operations with foreign currency in cash). Registration number of the exchange office is № 3351. Address: Container № 14, row №0, “Turataly” market, Kara-Suu town, Osh oblast. 

2. “Tashtemir-Ata” LLC (license № 5372 dated September 23, 2015 for carrying out of exchange operations with foreign currency in cash). Address: w/o No. Zh. Bakiev Street, Jalal-Abad town (a reference point: Central Market, in front of the “Mariam” shoe market).