ь On January 26, 2011, meeting of the Board of the National Bank of the Kyrgyz Republic was arranged. In the course of this meeting the following issues were considered and corresponding resolutions were accepted: 

­ On introduction of changes and amendments into the resolution No.32/2 of the Board of the National Bank of the Kyrgyz Republic “On approval of Regulations for determination of official rates of foreign currencies against KGS by the National Bank of the Kyrgyz Republic” (No.4/1); 

­ On draft law of the Kyrgyz Republic “On introduction of changes and amendments into the Kyrgyz Republic Law on Licensing” (No.4/2); 

­ On draft law of the Kyrgyz Republic “On payment system of the Kyrgyz Republic” (No.4/3); 

­ On appointment of members of the Board of Directors of the Deposits Protection Agency under the Ministry of Finance of the Kyrgyz Republic (No.4/6). 

 

 

ь On January 27, 2011, Mr. Michel Mordasini, Executive Director of the World Bank, and Mr. Rene Veber, Executive Director of the International Monetary Fund, visited the Kyrgyz Republic with formal call. In the course of the visit, there were meetings with the President of the Kyrgyz Republic, Prime-Minister of the Kyrgyz Republic, first Vice-Prime-Minister of the Kyrgyz Republic, Minister of Finance of the Kyrgyz Republic and acting Chairman of the National Bank of the Kyrgyz Republic. Main aim of the visit was familiarization with social-economic and political situation in the republic; discussion of new cooperation program. In the course of the meeting with Mrs. Jeenbaeva B.J., the acting Chairman of the National Bank of the Kyrgyz Republic, issues, related to macro-economic situation, monetary policy and inflation were discussed. Also special attention was paid to the situation in the banking sector of the Kyrgyz Republic. 

 

 

ь According to acting legislation of the Kyrgyz Republic and normative acts of the National Bank of the Kyrgyz Republic as well as due to bringing to criminal responsibility as per results of criminal case investigation with regard to officials of the CJSC “Manas Bank” and OJSC “KyrgyzCredit Bank” for commitment of crimes, related to legalization of income, obtained by illegal way, corruption and participation in criminal community, Board of the National Bank of the Kyrgyz Republic accepted the decision on termination of Provisional Administration in the CJSC “Manas Bank” and OJSC “KyrgyzCredit Bank” from 8 a.m., January 31, 2011, as well as on introduction of conservation regime in the above mentioned banks for the period of 18 months.  

Mulkubatova Nazgul Ryspekovna was appointed as the Establishmentarian of the CJSC “Manas Bank” and Karabechelova Elnura Asylbekovna was appointed as the Establishmentarian of the OJSC “KyrgyzCredit Bank”. Obligations of the Establishmentarian include acceptance of measures on prevention of worsening of financial situation in the bank and provision of safety of assets and documents of the bank. 

 

 

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. LLC MCC “Ak-Ordo Credit” (certificate on accounting registration No. 334, dated January 25, 2011, for micro crediting of physical and legal entities). Legal address: 64-52, Jumabeka Street, Bishkek; 

2. LLC MCC “Bai-Tugol” (certificate on accounting registration No. 335, dated January 26, 2011, for micro crediting of physical and legal entities). Legal address: Chatyrkul Street, At-Bashi, At-Bashi rayon, Naryn oblast; 

3. LLC MCC “Kulanbai” (certificate on accounting registration No. 336, dated January 27, 2011, for micro crediting of physical and legal entities). Legal address: 60, Zentralnaya Street, Kara-Balta town, Jaiyl rayon, Chui oblast; 

4. LLC MCC “Djur-As” (certificate on accounting registration No. 337, dated January 29, 2011, for micro crediting of physical and legal entities). Legal address: 32-17, Ibraimova Street, Bishkek; 

5. PE Kudryashova Valentina Alekseevna (License No. 4549, dated January 28, 2011, for conducting cash foreign exchange transactions). Registration number of exchange office: № 2658. Legal address: Lenina Street, Kant, Chui oblast (orienting point: central market, shop “Euroset”);  

 

The National Bank of the Kyrgyz Republic revoked certificates/licenses from the following NBFI: 

 

1. The License No. 550 of the Credit Union “Sarykulovka”, dated April 9, 2010, has been revoked from January 20, 2011, on the basis of resolution of the Supervision Committee of the National bank of the Kyrgyz Republic for systematic breach of legislation of the Kyrgyz Republic and normative-legal acts and requirements of the National Bank of the Kyrgyz Republic. Legal address: 107, Kuchkan-Ata Street, Ak-Bashat village, Jaiyl rayon, Chui oblast; 

2. The License No. 479 of the Credit Union “Edil-Ata”, dated February 22, 2005, has been revoked from January 25, 2011, on the basis of Minutes of the General Meeting of Participants, dated December 14, 2010, and application of Turdubaeva D.E., the Board Chairman, dated January 24, 2011. Legal address: 129-10, Kurmanjan Datka Street, Osh city, Osh oblast; 

3. The Certificate No.89 of the PF MCA “Kesip Credit”, dated April 26, 2005, has been revoked from January 24, 2011, on the basis of decision of oblast department of the National Bank of the Kyrgyz Republic for non-performance of the activity on issuance of micro-credits for more than 1 year and non-provision of PRO. Legal address: 126, Chatyr-Kol Street, At-Bashy village, At-Bashy rayon, Naryn oblast; 

4. The Certificate No. 170 of the MCA “Altyn-Kench”, dated April 23, 2009, has been revoked from January 28, 2011, on the basis of decision No.1 of oblast department of the National Bank of the Kyrgyz Republic, dated January 28, 2011, for systematic breach of normative-legal acts and requirements of the National Bank of the Kyrgyz Republic. Legal address: Toktogula Street, Karakol city, Issyk-Kul oblast (trade center “Triada”); 

5. The Certificate No. 180 of the MCA “Asman Finance”, dated September 11, 2009, has been revoked from January 28, 2011, on the basis of decision No.2 of oblast department of the National Bank of the Kyrgyz Republic, dated January 28, 2011, for systematic breach of normative-legal acts and requirements of the National Bank of the Kyrgyz Republic. Legal address: 22, Kirgizskaya Street, Baktuu-Dolonotu village, Issyk-Kul rayon, Issyk-Kul oblast; 

6. The Certificate No. 169 of the MCA “Mars Finance”, dated April 10, 2009, has been revoked from January 28, 2011, on the basis of decision No.3 of oblast department of the National Bank of the Kyrgyz Republic, dated January 28, 2011, for systematic breach of normative-legal acts and requirements of the National Bank of the Kyrgyz Republic. Legal address: 64, Ibraeva Street, Kyzyl-Suu village, Dzheti-Oguz rayon, Issyk-Kul oblast; 

7. The Certificate No. 247 of the LLC MCA “Temirlan”, dated October 30, 2009, has been revoked from January 28, 2011, on the basis of decision No.4 of oblast department of the National Bank of the Kyrgyz Republic, dated January 28, 2011, for systematic breach of normative-legal acts and requirements of the National Bank of the Kyrgyz Republic. Legal address: 164, Lenina Street, Karakol city, Issyk-Kul rayon, Issyk-Kul oblast; 

8. License of the exchange office of PE Amanbaev Hamidulla Amanbaevich (license No. 4292, dated March 10, 2010) has been cancelled from January 26, 2011, due to termination of activity of the exchange office on the basis of application of Amanbaev Hamidulla Amanbaevich, dated January 25, 2011. Legal address: office 1, 3/41, Zainabidinova Street, Osh city, Osh oblast; 

9. License of the exchange office of PE Karimova Asylai Maamytovna (license No. 4480, dated September 9, 2010) has been revoked from January 28, 2011, due to breach of sub-clauses 16 and 17 of the clause 2.5 of the Provision on conducting of cash foreign exchange transactions No.42/1, approved by Resolution of the National Bank of the Kyrgyz Republic, dated November 30, 2010, on the basis of Resolution No.06-O, dated January 28, 2011, of the National Bank of the Kyrgyz Republic. Legal address: 36 2, Togolok Moldo Street, Bishkek;  

10. License of the exchange office of PE Rasulov Valeh Ahmed-Ogly (license No. 4321, dated March 30, 2010) has been revoked from January 28, 2011, due to breach of sub-clauses 16 and 17 of the clause 2.5 of the Provision on conducting of cash foreign exchange transactions No.42/1, approved by Resolution of the National Bank of the Kyrgyz Republic, dated November 30, 2010, on the basis of Resolution No.06-O, dated January 28, 2011, of the National Bank of the Kyrgyz Republic. Legal address: Alma-Atinskaya Street, Leninskoe village, Chui oblast (traffic police station “Akjol”);  

11. License of the exchange office of PE Kanatbekov Omurbek Kanatbekovich (license No. 4387, dated May 20, 2010) has been revoked from January 28, 2011, due to breach of sub-clauses 16 and 17 of the clause 2.5 of the Provision on conducting of cash foreign exchange transactions No.42/1, approved by Resolution of the National Bank of the Kyrgyz Republic, dated November 30, 2010, on the basis of Resolution No.06-O, dated January 28, 2011, of the National Bank of the Kyrgyz Republic. Legal address: 135, Abdrahmanova Street, Bishkek;  

12. License of the exchange office of PE Imangazieva Rysgul Emilbekovna (license No. 4460, dated July 27, 2010) has been revoked from January 28, 2011, due to breach of sub-clauses 16 and 17 of the clause 2.5 of the Provision on conducting of cash foreign exchange transactions No.42/1, approved by Resolution of the National Bank of the Kyrgyz Republic, dated November 30, 2010, on the basis of Resolution No.06-O, dated January 28, 2011, of the National Bank of the Kyrgyz Republic. Legal address: 150, Abdrahmanova Street, Bishkek (exchange office “Sultan”);  

 

 

Inter-bank payments 

 

Indices of inter-bank payment systems (IPS) 

  

Total IPS 

Including  

Clearing system  

Gross system  

Volume,  

KGS  

Quantity,  

items  

Volume,  

KGS  

Quantity,  

items  

Volume,  

KGS  

Quantity, 

items  

Indices from the period of January 24, 2011 January 28, 2011 (reporting period)  

Absolute value for a week   

7 463 715 763,17 

17 753 

1 036 615 871,82 

15 724 

6 427 099 891,35 

2 029 

Share of IPS payments (%)  

100,0 

100,0 

13,9 

88,6 

86,1 

11,4 

including (%):  

 

 

 

 

 

 

Net positions of the Single Interbank Processing Center  

0,1 

1,8 

0,6 

2,0 

0,0 

0,0 

Outgoing to the Central Treasurer's Office  

10,0 

9,5 

10,2 

9,8 

10,0 

7,0 

Incoming from the Central Treasurer's Office  

16,7 

17,5 

15,3 

19,5 

16,9 

2,0 

Outgoing to the Social Fund  

0,004 

0,1 

0,03 

0,1 

0,0 

0,0 

Incoming from the Social Fund  

0,3 

3,9 

2,2 

4,4 

0,0 

0,0 

Average weekly indices for the previous month  

Value  

Absolute 

11 617 567 060,58 

28 963 

1 540 011 875,60 

25 998 

10 077 555 184,98 

2 964 

Indexes deviations of the reporting period from the weekly average indexes of the previous month   

 

-4 153 851 297,41 

-11 210 

-503 396 003,78 

-10 274 

-3 650 455 293,63 

-935 

-35,8 

-38,7 

-32,7 

-39,5 

-36,2 

-31,6 

 

 

Indices of the national payment system “Elcart” * 

 

As of  

21.01.2011 г. 

28.01.2011 г. 

Number of cards in circulation (exclusive of the re-issued cards)  

103 892 

104 099 

Number of pos-terminals:  

- in banks  

- in trade centers   

494 

359 

135 

493 

358 

135 

Number of automated teller machines  

70 

70