The mission of the Islamic Development Bank visited the National Bank of the Kyrgyz Republic. The purpose of the visit was to discuss macroeconomic indicators and development strategies of the banking and financial sectors of Kyrgyzstan in order to identify and agree on a three-year work program of the IDB with the Government of the Kyrgyz Republic for 2012-2014.
During the meeting, representatives of the IDB informed about the development of an IDB pilot project in the Kyrgyz Republic, the Sustainable Villages Program (SVP). The purpose of this program is to create a model of an exemplary village through the development of infrastructure, access to medicine and education, development of microfinance and other areas.
Deputy Chairman of the NBKR Zair Chokoyev noted the need for reforms of a microfinance market in rural areas and, accordingly, the relevance of the program declared by the IDB.
Matters regarding the microfinance sector in the Kyrgyz Republic, in particular, the cost of resources and ways of financing, were discussed in detail at the meeting. The mission of the IDB was informed about the exchange rate policy conducted by the NBKR and the current economic situation in the country.
Representatives of the European Bank for Reconstruction and Development visited the National Bank. The participants of the delegation were EBRD Director for Central Asia and Mongolia, Masaru Honma, and head of the EBRD Representative Office in Bishkek, Larisa Manastyrli.
На встрече с Председателем Национального Банка Кыргызской Республики Зиной Асанкожоевой они обсудили проблемы микрофинансового сектора.
At a meeting with the Chairman of the National Bank of the Kyrgyz Republic, Zina Asankozhoyeva, they discussed the problems the microfinance sector.
Talking about the new requirements of the National Bank to finance and credit institutions, the head of NBKR noted that the stance of the National Bank remains the same: NBFIs must improve their financial discipline and work according to the legislation of the KR.
It is important for the National Bank that the market relations work; amendments to the legislation initiated by the NBKR also take into account the interests of lenders. After all, dependent attitudes of borrowers which can be increasingly seen in our society might lead not only to an increase in the number of bad loans and, consequently, losses of individual microcredit organizations, but also to a collapse of the whole market. At the meeting, it was again stressed that the National Bank calls for dialogue of all stakeholders from non-bank financial institutions and donors to the authorities and civil society.
Representatives of the World Bank mission discussed the process of preparing the Policy Development Support Operations (PDSO) with the management of the NBKR.
The main topic of the meeting was the implementation of measures envisaged by the PDSO Measures Policy Matrix. This program aims to strengthen public administration and conduct anti-corruption reforms, as well to improve the competitiveness and attractiveness of investment for the private sector.
The project also stipulates assistance to the National Bank in carrying out some reforms. This also includes the financial assistance to the NBKR in implementation of the project on improving the process of collection and processing of reports provided to the National Bank by the financial and credit institutions of the country.
Participants of the meeting with the representatives of the World Bank mission discussed the macroeconomic situation in the Kyrgyz Republic, its monetary policy, and the condition of the balance of payments of the country.
Licenses are issued to the following NBFIs and foreign exchange offices:
1. Private Entrepreneur Ravshanbek Kasymov Osmonaliyevich (the license No. 4992 as of 21/06/2012 for conducting exchange operations with foreign currency in cash). Registered address: Navoyi st. (no number), Osh.
2. Private Entrepreneur Khaliza Toktorovna Omurzakova (the license No. 4993 as of 22/06/2012 for conducting exchange operations with foreign currency in cash), registration No. 3012. Registered address: 282 Kurmanjan-Datka st., Bishkek.
Certificates of the following NBFIs are revoked/annulled:
1. The certificate of registration of the AdiKench Microcredit Agency Institution No. 186 as of 21/12/2009 for microcredit for individuals and legal entities has been annulled on 20/06/2012 according to the minutes of the General Meeting of Founders No. 3 as of 20/06/2012 and the statement of the MCA as of 20/06/2012. Registered address: 152 Lenin st., Karakol, Issyk-Kul region.
2. The certificate of registration of the Baiger Microcredit Agency Institution No. 158 as of 22/07/2009 for microcredit for individuals and legal entities has been annulled on 20/06/2012 according to the decision of the Founder as of 20/06/2012 and the statement of the MCA as of 20/06/2012. Registered address: Toktogul st. (no number), Karakol, Issyk-Kul region.
3. The certificate of registration of the Samat Kredit Microcredit Agency Institution No. 161 as of 01/08/2008 for microcredit for individuals and legal entities has been annulled on 21/06/2012 according to the minutes of the General Meeting of Founders as of 20/06/2012 and the statement of the MCA as of 21/06/2012. Registered address: Karl Marx st. (no number), Karakol, Issyk-Kul region.
4. The certificate of registration of the Bata Microcredit Agency Institution No. 153 as of 26/03/2008 for microcredit for individuals and legal entities has been annulled on 22/06/2012 according to the minutes of the General Meeting of Founders as of 22/06/2012 and the statement of the MCA as of 22/06/2012. Registered address: 128 40 Years to Kyrgyzstan st., Balykchi, Issyk-Kul region.
5. The certificate of registration of the Aruu Kench Microcredit Agency Institution No. 168 as of 06/04/2009 for microcredit for individuals and legal entities has been annulled on 22/06/2012 according to the decision of the Founder as of 22/06/2012 and the statement of the MCA as of 22/06/2012. Registered address: Lenin st. (no number), Oy-Tal Village, Tyupsky District, Issyk-Kul region.
6. The certificate of registration of the Baisan Microcredit Agency Institution No. 165 as of 03/02/2009 for microcredit for individuals and legal entities has been annulled on 22/06/2012 according to the minutes of the General Meeting of Founders as of 21/06/2012 and the statement of the MCA as of 22/06/2012. Registered address: 59/33 Koyenkozov st., Karakol, Issyk-Kul region.
7. The certificate of registration of the Bai-Kredit Microcredit Company LLC No. 240 as of 25/09/2009 for microcredit for individuals and legal entities has been annulled on 18/06/2012 according to the decision of the Founder as of 18/06/2012 and the statement of the MCC as of 18/06/2012. Registered address: 124 Tsentralnaya st., Kara-Balta, Chui region.
8. ????????? Credits No. 126 as of 09/08/2004 for microcredit for individuals and legal entities has been annulled according to the decision of the Founder No. 3 as of 20/06/2012 and the statement of the MCC as of 20/06/2012. Registered address: 32/12 Tynystanov st., Karakol, Issyk-Kul region.
9. The certificate of registration of the Isa-Ata Microcredit Company LLC No. 87 as of 27/08/2007 for microcredit for individuals and legal entities has been annulled on 21/06/2012 according to the decision of the Founder as of 20/06/2012 and the statement of the MCC as of 21/06/2012. Registered address: 1 Orozov st., Karakol, Issyk-Kul region.
10. The certificate of registration of the Imperial Microcredit Company LLC No. 114 as of 28/02/2008 for microcredit for individuals and legal entities has been annulled on 22/06/2012 according to the minutes of the General Meeting of Founders as of 22/06/2012 and the statement of the MCC as of 22/06/2012. Registered address: 121 Abdrakhmanov st., Karakol, Issyk-Kul region.
11. The certificate of registration of the Aya Microcredit Company LLC No. 169 as of 30/10/2008 for microcredit for individuals and legal entities has been annulled on 22/06/2012 according to the decision of the Founder as of 22/06/2012 and the statement of the MCC as of 22/06/2012. Registered address: 28/2 Torgoyev st., Karakol, Issyk-Kul region.
12. The certificate of registration of the Tagir Microcredit Company LLC No. 229 as of 24/07/2009 for microcredit for individuals and legal entities has been annulled on 22/06/2012 according to the decision of the Founder No. 2 as of 20/06/2012 and the statement of the MCC as of 22/06/2012. Registered address: Torgoyev st. (no number), Karakol, Issyk-Kul region.
13. The certificate of registration of the Tagir Microcredit Company LLC No. 229 as of 24/07/2009 for microcredit for individuals and legal entities has been annulled on 22/06/2012 according to the decision of the Founder No. 2 as of 20/06/2012 and the statement of the MCC as of 22/06/2012. Registered address: Torgoyev st. (no number), Karakol, Issyk-Kul region.
14. The certificate of registration of the Sphera Plus Microcredit Company LLC No. 432 as of 09/02/2012 for microcredit for individuals and legal entities has been annulled on 22/06/2012 according to the decision of the Founder as of 20/06/2012 and the statement of the MCC as of 22/06/2012. Registered address: Torgoyev st. (no number), Karakol, Issyk-Kul region.
Interbank Payments
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Indicators of interbank payment systems (IPS) |
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|
|
Total IPS |
Including |
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|
Clearing System |
Gross System |
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|
amount, KGS |
q-ty, pc. |
amount, KGS |
q-ty, pc. |
amount, KGS |
q-ty, pc. |
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|
Indicators for the period June 18-22, 2012 (reporting period) |
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|
Absolute Value |
12 437 002 532,65 |
41 846 |
1 426 459 015,70 |
38 967 |
11 010 543 516,95 |
2 879 |
|
|
Share in IPS payments (%) |
100,0 |
100,0 |
11,5 |
93,1 |
88,5 |
6,9 |
|
|
including (%) : |
|
|
|
|
|
|
|
|
Net positions of the SIPC |
0,1 |
1,7 |
0,6 |
1,9 |
0,0 |
0,0 |
|
|
Outgoing to the Central Treasury |
14,1 |
8,1 |
19,1 |
8,4 |
13,5 |
3,8 |
|
|
Incoming to the Central Treasury |
13,9 |
36,5 |
20,0 |
39,0 |
13,1 |
2,6 |
|
|
Outgoing to the Social Fund |
0,01 |
0,2 |
0,1 |
0,2 |
0,0 |
0,0 |
|
|
Incoming to the Social Fund |
0,2 |
1,8 |
1,3 |
1,9 |
0,0 |
0,0 |
|
|
Average weekly indicators for the last month |
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|
Absolute Value |
13 105 735 795,62 |
44 757 |
1 394 357 737,39 |
41 814 |
11 711 378 058,24 |
2 943 |
|
|
Deviation of indicators for the reporting period from the average weekly indicators for the last month |
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|
Absolute Value |
-668 733 262,97 |
-2 911 |
32 101 278,31 |
-2 847 |
-700 834 541,29 |
-63 |
|
|
% |
-5,1 |
-6,5 |
2,3 |
-6,8 |
-6,0 |
-2,2 |
|
Elcart System Indicators
|
As of |
15.06.2012 |
22.06.2012 |
|
The total number of issued cards (excluding re-issued) |
133 599 |
134 109 |
|
The number of POS terminals: - in banks - in stores |
725 464 261 |
725 464 261 |
|
The number of ATMs |
211 |
211 |