ь On June 10, 2009, the regular meeting of the National Bank of the Kyrgyz Republic Board was arranged, in the course of which the following issues were considered and the following resolutions were accepted: 

On rate of mandatory reserves (No.26/1), in accordance with which since June 15, 2009, the rate of mandatory reserves has been established in the amount of 9.5 percent; 

On introduction of changes and additions to some normative and legal acts of the National Bank of the Kyrgyz Republic, regulating activity of banks and other financial and credit institutions, licensed by the National Bank of the Kyrgyz Republic (No.26/2); 

On approval of the Provision “On establishment and/or acquisition of subsidiary or affiliated companies by commercial banks of the Kyrgyz Republic” (No.26/3); 

On Provision “On banking payment cards in the Kyrgyz Republic” (No.26/4); 

On transitional Provision “On money transfers in the Kyrgyz Republic, performed through the systems of money transfer” (No.26/5); 

On Annual report on the Financial Company for Support and Development of Credit Unions for 2008.  

 

 

ь In the period from July 15 to July 17, 2009, the National Bank of the Kyrgyz Republic arranged the seminar in Bosteri village, Issyk-Kul oblast, within the framework of professional training program for central/national banks of the Eurasian Economic Community countries on topic “Peculiarities of licensing and regulation of non-banking financial and credit institutions”. Participants of the seminar included representatives of national (central) banks of Kyrgyzstan, Russia, Armenia, Belarus, Tajikistan, Poland as well as the representatives of financial Intelligence service, Financial company on support and development of credit unions, and CJSC MFC “Financial group Companion”.  

Plan of the seminar stipulated discussion of the following problems: licensing modes, peculiarities of licensing of non-banking financial and credit institutions, procedures of external supervision, peculiarities of normative base, normative-and-legal base, regulating the activity of non-banking financial and credit institutions, peculiarities of regulation of non-banking financial and credit institutions etc.  

 

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. Additional Responsibility Society pawn office “Aida Center Credit” (license No.415 dated June 8, 2009 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: Trade Center Dordoi, 74, Kojevennaya Str., Bishkek; 

2. Additional Responsibility Society pawn office “Nahodka” (license No.416 dated June 10, 2009 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: shop Jaiyl, Sovetskaya Str., Cholpon Ata, Issyk-Kul oblast ; 

3. Additional Responsibility Society pawn office “AKK” (license No.417 dated June 10, 2009 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: 1293, Kurmanjan Datka Str., Osh, Osh oblast; 

4. Additional Responsibility Society pawn office “Magdak” (license No.418 dated June 12, 2009 for conducting operations on granting short-term credits secured by movable property (pawn)). Legal address: against entrance to the central market, Vokzalnaya Str., Bazar Korgon village, Bazar Korgon rayon, Jalalabat oblast; 

5. PE Yakubov Yunus Yusupovich (License No. 4069 dated June 8, 2009 for conducting cash foreign exchange transactions). Legal address: Matiam atelier, central market, Jalalabat, Jalalabat oblast; 

6. PE Mirzahmetov Faziljon Kazymovich (License No. 4070 dated June 8, 2009 for conducting cash foreign exchange transactions). Legal address: Matiam atelier, central market, Jalalabat, Jalalabat oblast; 

7. PE Toktorov Chynarbek Arzymatovich (License No. 4071 dated June 8, 2009 for conducting cash foreign exchange transactions). Legal address: Matiam atelier, central market, Jalalabat, Jalalabat oblast; 

8. PE Sarsenbaev Altynbek Albyspaevich (License No. 4072 dated June 9, 2009 for conducting cash foreign exchange transactions). Registration number of exchange offices:  

2272 – Legal address: Chui oblast, Chaldovar village, Lenin Str. 524;  

2273 - Legal address: Chui oblast, Chaldovar village, Lenin Str. 524 «а». 

9. PE Kaiykova Elmira Musalievna (License No. 4073 dated June 11, 2009 for conducting cash foreign exchange transactions). Registration number of exchange offices 2274. Legal address: No.14, central passage, Trade Center Dordoi, Bishkek.  

 

Inter-bank payments 

 

Indices of Interbank payment systems (IPS)
	Total IPS		including
			Clearing system		Gross system
	KGS mln	items	KGS mln	items	KGS mln	items
Indices from the period of June 8, 2009 – June 12, 2009 (reporting period)
Absolute value for a week	7 599,8	73 962	1 182,8	72 049	6 417,0	1 913
Share of IPS payments (%)	100,0	100,0	15,6	97,4	84,4	2,6
including (%):
Net positions of Common Interbank Processing Center	0,1	0,4	0,9	0,4	0,0	0,0
Outgoing to the Central Treasurer's Office	14,0	6,4	19,2	6,5	13,0	1,8
Incoming from the Central Treasurer's Office	19,4	47,6	20,1	48,8	19,3	2,0
Outgoing to the Social Fund	0,02	0,3	0,1	0,3	0,0	0,0
Incoming from the Social Fund	2,0	4,8	12,9	4,9	0,0	0,0
Average weekly indices for the previous month
Absolute Value	7 146,4	75 781	1 136,6	73 963	6 009,8	1 818
Indexes deviations of the reporting period from the weekly average indexes of the previous month
Absolute Value	453,4	-1 819	46,2	-1 914	407,2	95
%	6,3	-2,4	4,1	-2,6	6,8	5,2

 

Statistics data on the national system “Elcart”  

ь As of June 12, 2009, the shareholders of CJSC “Interbank processing center” include 16 commercial banks and OJSC “Kyrgyztelecom”. 16 commercial banks are connected to the Single Interbank Processing Center. 54 437 Elcart cards were issued, 436 terminals and 133 automated teller machines are functioning. 358 terminals are installed in branches and savings departments of commercial banks in Bishkek and regional centers, 78 terminals in trade-service enterprises.