ь Currently in Kyrgyzstan, the weighted average interest rate on loans granted by microfinance organizations is 38%. Interest rates of some MFO are set at a level substantially above the average level, while in accordance with the Law "On Microfinance Organizations of the Kyrgyz Republic" the main purpose of these organizations is to provide affordable microfinance services to fight poverty, increase employment, promote entrepreneurship and social mobilization of the Kyrgyz Republic population. On this basis, the National Bank, guided by the Regulation "On preventive measures and sanctions applied by the National Bank of the Kyrgyz Republic to microfinance organizations", suspended the certificates for the implementation of operations for microcrediting individuals and legal entities of the following microfinance organizations, the nominal interest rates on loans of which are significantly higher than average market rates: 

In Chui oblast and Bishkek: 

1. LLC MCC "MicroFinance"  

2. LLC MCC "Batyr Credit"  

3. LLC MCC "Kireshe Ordo"  

4. LLC MCC "Multi-capital" 

5. LLC MCC "DEK" 

6. LLC MCC "ABRiD Capital" 

7. LLC MCC "Adis-credit" 

8. LLC MCC "Aidai-Credit" 

9. LLC MCC "Arkesh" 

10. LLC MCC "Asyl Kapchyk" 

11. LLC MCC "Bailyk-Finance" 

12. LLC MCC "Bek-Ai" 

13. LLC MCC "Bereke-Bailyk" 

14. LLC MCC "Business Center Credit" 

15. LLC MCC "Bystry Credit" 

16. LLC MCC "Grandcredit"  

17. LLC MCC "JBK and Partners"  

18. LLC MCC "ZhenilCredit" 

19. LLC MCC "Kalyk-Bai" 

20. LLC MCC "Credit Plus" 

21. LLC MCC "Kreditka" 

22. LLC MCC "Kreditny dvor" 

23. LLC MCC "KUTUCHA" 

24. LLC MCC "Mega-Credit" 

25. LLC MCC "MiR" 

26. LLC MCC "Nur-Jailoo Kr"  

27. LLC MCC "PiK & Company" 

28. LLC MCC "Prime-Finance" 

29. LLC MCC "Enesai Invest" 

30. PF MCA "Bai-Capital" 

31. LLC MCC "Golden cent"  

32. LLC MCC "Baibolot"  

33. LLC MCC "Zaem plus" 

34. LLC MCC "AIGER-М CREDIT"  

35. LLC MCC "Akbarali-MCC"  

36. LLC MCC "Altyn-Kylym" 

37. LLC MCC "Altyn-Nur" 

38. LLC MCC "Bai-Credit" 

39. LLC MCC "Baitur finance" 

40. LLC MCC "Bek-Invest" 

41. LLC MCC "Money Trust"  

 

In Issyk-Kul oblast: 

1. LLC MCC "Al-Nur"  

2. LLC MCC "Baiseit Ata"  

3. LLC MCC "Iygilik-Capital"  

4. LLC MCC "Extra- Credit" 

5. LLC MCC "I.B.S." 

6. LLC MCC "ADB - Credit"  

7. LLC MCC "VAIS Finance  

8. LLC MCC “Aliyuyu”  

9. LLC MCC "Altyn Bulak Kap" 

10. LLC MCC "Alliance Capital"  

11. LLC MCC "Aya" 

12. LLC MCC "Barrel" 

13. LLC MCC "Bektan capital LTD" 

14. LLC MCC "Billion"  

15. LLC MCC "Jannat-credit" 

16. LLC MCC "Imperial" 

17. LLC MCC "Inayat Dirkham" 

18. LLC MCC "Isa-Ata" 

19. LLC MCC "Capital-ABE" 

20. LLC MCC "Karakol-Capital" 

21. LLC MCC "Kol-tolkunu" 

22. LLC MCC "M-Kasiet"  

23. LLC MCC "PAZ" 

24. LLC MCC "Sandugash" 

25. LLC MCC "Tagir" 

26. LLC MCC "Tumar-Credits" 

27. LLC MCC "Khan" 

28. LLC MCC "ErIBak" 

29. PF MCA "Razvitie" 

30. Institution MCA "Aktilek-Balykchy"  

31. Institution MCA "AdiKench" 

32. Institution MCA "Altyn-Kazyna & Co." 

33. Institution MCA "Aruu Kench"  

34. Institution MCA "Baiger" 

35. Institution MCA "Baisan" 

36. Institution MCA "Bata"  

37. Institution MCA "Kut"  

38. Institution MCA "Samat credit"  

39. Institution MCA "Tulekabyl-Ata" 

 

In Naryn oblast: 

1. LLC MCC "MFRK"  

2. LLC MCC "Ak-Bata Inkom"  

3. LLC MCC "Bairabat" 

 

In Osh oblast  

1. LLC MCC "Kalyi-Ata Finance"  

 

In Talas oblast: 

1. LLC MCC "Abil-Aina" 

2. LLC MCC "Arzan Capital" 

3. LLC MCC "Janbosun" 

4. LLC MCC "Nurzhigit-Bek" 

5. LLC MCC "Ernur-Capital"  

6. LLC MCC "Tunuk Credit"  

 

 

 

ь The delegation composed of representatives of the U.S. Treasury, the U.S. Embassy in Kyrgyzstan and the European Bank for Reconstruction and Development visited the National Bank.  

The purpose of the meeting with the leadership of the NBKR was monitoring of the program of financing in the local currency. Foreign colleagues were presented data on the state of the microfinance sector in Kyrgyzstan, and the monetary policy pursued by the NBKR. Then the leadership of the National Bank responded to additional questions of the guests. In particular, they talked about the new Banking Code which is being developed in the NBKR, information work to improve the financial literacy of the population, hedging instruments. 

 

 

ь The National Bank of the Kyrgyz Republic issued licenses/certificates to the following NFCI and exchange offices: 

 

o PE Khikhizov Madzhit Kerimovich (License No. 4949 dated May 21, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2979. Legal address: 134, Frunze street, Sokuluk village, Chui oblast; 

o PE Sharafudinov Damir Sultanovich (License No. 4950 dated May 21, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2980. Legal address: 55, Baytik Baatyra street, Bishkek; 

o State Enterprise "Kyrgyz pochtasy" (License No. 4951 dated May 22, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2981. Legal address: 96, Chui pr., Bishkek; 

o PE Sheraliev Alisher Abdikarimovich (License No. 4952 dated May 23, 2012 for conducting cash foreign exchange transactions). Legal address: unnumb., Osh 3000 street, Aravan village, Osh oblast (reference point: bus station); 

o PE Salymbekov Abdyzhapar Kurmanovich (License No. 4953 dated May 24, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2982. Legal address: 233, Kievskaya/Beishenalieva street, Bishkek (store "Ala-Archa"); 

o PE Vasilchenko Viktor Ivanovich (License No. 4954 dated May 24, 2012 for conducting cash foreign exchange transactions), Registration number of exchange office: 2983. Legal address: 166, Zhibek-Zholu street, Bishkek; 

o PE Azhieva Anarkan Zhaparovna (License No. 4955 dated May 25, 2012 for conducting cash foreign exchange transactions). Legal address: point No. 5, old row, “Turatali” market, Karasuu, Osh oblast; 

o LCC MCC "Bai Finance" (Account Registration Certificate No. 459 dated May 22, 2012 for microcrediting individuals and legal entities). Legal address: 27, Molodaya Gvardia bul., Bishkek. 

 

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

According to the decision of the Participant of the Company dated May 15, 2012 on self-liquidating and application of MCC dated May 18, 2012 the Account Registration Certificate No. 21 of LLC MCC “Bai-Ata” as of July 29, 2004 for microcrediting individuals and legal entities has been revoked from May 22, 2012. Legal address: 95/7, Kyrgyzstan street, Osh, Osh oblast. 

 

 

 

 

Interbank payments 

Indexes of the Interbank Payment Systems (IPS) 

 

 

 

Total IPS 

including 

Clearing system  

Gross system  

Volume, 

KGS 

Quantity, 

items 

Volume, 

KGS 

Quantity, 

items 

Volume, 

KGS 

Quantity, 

items 

Indexes for the period from May 21 to May 25 , 2012 (reporting period) 

Absolute Value  

11 891 228 422,65 

46 407 

1 293 682 166,11 

43 756 

10 597 546 256,54 

2 651 

Share in IPS payments (%) 

100,0 

100,0 

10,9 

94,3 

89,1 

5,7 

including 

(%) : 

  

  

  

  

  

  

Net positions of Common Interbank Processing Center 

0,1 

1,5 

0,8 

1,6 

0,0 

0,0 

Outgoing to the Central Treasurers Office 

13,1 

8,4 

17,3 

8,9 

12,6 

1,4 

Incoming from the Central Treasurers Office 

17,3 

31,1 

17,8 

32,8 

17,3 

2,7 

Outgoing to the Social Fund  

0,003 

0,1 

0,03 

0,1 

0,0 

0,0 

Incoming from the Social Fund  

0,1 

1,2 

1,1 

1,2 

0,0 

0,0 

Average weekly indices for the previous month  

Absolute Value  

12 085 215 566,66 

43 711 

1 281 189 646,12 

40 963 

10 804 025 920,54 

2 749 

 

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

Absolute Value  

-193 987 144,01 

2 696 

12 492 519,99 

2 793 

-206 479 664,00 

-98 

-1,6 

6,2 

1,0 

6,8 

-1,9 

-3,6 

 

Indices of Elcart System  

 

As of  

18.05.2012 

25.05.2012 

Total number of issued cards (excluding re-issued cards) 

130 789 

 

131797 

Number of pos-terminals: 

- in banks  

- in trade centers  

 

715 

454 

261 

 

722 

461 

261 

Number of automated teller machines  

193 

194