On June 13, 2013, the Jogorku Kenesh of the Kyrgyz Republic approved the audit organization "Grant Thornton" as an external auditor of the National Bank of the Kyrgyz Republic for the year 2013. The company was selected on the basis of closed tendering carried out among internationally acknowledged audit organizations having experience in conducting audit in the central (national) banks for not less than five years.  

Tender for selecting external auditor of the NBKR financial accounting is carried out on the annual basis in accordance with Article 9 of the Kyrgyz Republic Law "On the National Bank of the Kyrgyz Republic". Based on the results of the tender the Jogorku Kenesh of the Kyrgyz Republic shall consider and approve the company six months prior to the end of the financial year for carrying out audit in the National Bank of the Kyrgyz Republic. Tender bids are estimated by the commission composed of deputies of the Kyrgyz Republic Jogorku Kenesh (one representative from each fraction), independent members of the Audit committee and the NBKR representatives.  

Audit based on the results of the activity for 2012 was carried out by the Company "KPMG". 

 

REFERENCE  

Grant Thornton International Ltd is an international audit organization having its representatives in Canada, USA, Brazil, France, Germany, India, China, Japan and the CIS countries and more than 500 offices all over the world.  

Tender bid was submitted to the NBKR by CJSC "Grant Thornton" which carried out audit in the National Bank of the Kyrgyz Republic in 2009 and 2010.  

JSC "Grand Thornton" was established in early 1990 by the Company Grant Thornton (France) and has subsidiaries in Armenia, Georgia, Kyrgyzstan and Tajikistan.  

Office of the company located in Bishkek was registered in March 2013. License for the right to conduct auditing in the territory of the Kyrgyz Republic was issued in May 2013.  

 

 

The following issues were considered and appropriate resolutions were adopted at the meeting of the Board of the Kyrgyz Republic National Bank held on June 14, 2013: 

 

· "On the draft Regulations about minimum requirements to the policy of the banking services price formation" (№19/2); 

· " On interpretation of the Resolution of the NBKR Board № 12/b dd 11.03.09 " On minimum volume of the banks capital (own funds)" (№19/3); 

· "On OJSC "Zalkar Bank" (№19/6); 

 

 

Licenses/certificates of the following Non-bank Financial Institutions have been annulled, revoked:  

 

· Starting from 06.05.2013 the accounting registration certificate No. 380 dd. 23.06.2011 of FinCredit Microcredit Company LLC to provide micro loans to individuals and legal entities has been revoked on the basis of the decision of the External Oversight Department of the NBKR No. 139 dd. 06.05.2013 due to constant violation of the NBKR regulatory and legal acts. Legal address: 35a Lervontov str., Bishkek  

· Starting from 30.05.2013 license №239 dated 03.04.2001of Pahta-Trans Credit Union has been revoked on the basis of the Decree of the Supervisory Committee № 19/3 dated 30.05.2013 due to non-compliance with the Kyrgyz Republic legislation, the NBKR regulatory and legal acts and requirements. Legal address: 2 Lenin str., Jany-Jer village, Sokuluk distr., Chui region. 

· Starting from 30.05.2013 license №122 dated 26.05.1999 of Mirant Credit Union has been revoked on the basis of the Decree of the Supervisory Committee № 19/2 dated 30.05.2013 due to non-compliance with the Kyrgyz Republic legislation, the NBKR regulatory and legal acts and requirements. Legal address: office 401, 88/1 Turusbekov str., Bishkek. 

· Starting from 30.05.2013 license №260 dated 06.05.2001 of Datsi Credit Union has been revoked on the basis of the Decree of the Supervisory Committee № 19/1 dated 30.05.2013 due to non-compliance with the Kyrgyz Republic legislation, the NBKR regulatory and legal acts and requirements. Legal address: 47 Ablesov str., Koi-Tash village, Alamudun distr., Chui region. 

· Starting from 31.05.2013 the accounting registration certificate No. 342 dd. 21.02.2011 of NT-Credit Microcredit Company LLC to provide micro loans to individuals and legal entities has been revoked on the basis of the decision of the External Oversight Department of the NBKR No. 139 dd. 31.05.2013 due to constant violation of the NBKR regulatory and legal acts. Legal address: 106 a Sovetskaya str., Tokmok, Chui region. 

· Starting from 10.06.2013 the accounting registration certificate No. 177 dd. 30.06.2009 of Kut Microcredit Agency to provide micro loans to individuals and legal entities has been revoked on the basis of the decision of the founder on self-liquidation dd. 10.06.2013. Legal address: 106/4 Toktogul str., Karakol, Issyk-Kul region 

· Starting from 12.06.2013 the accounting registration certificate No. 291 dd. 26.05.2010 of NUR-AI credit Microcredit Company LLC to provide micro loans to individuals and legal entities has been revoked based on the decision of the External Oversight Department of the NBKR No. 140 dd. 12.06.2013 due to constant violation of the NBKR regulatory and legal acts. Legal address: 28 Lugovaya str., Chui village, Chui distr., Chui region. 

· Starting from 12.06.2013 the license №5060 dd. 03.10.2012 of Individual Entrepreneur B.A. Emilbaev for conducting exchange rate operations with foreign currency in cash has been revoked based on the application of self-liquidation dd. 12.06.2013. Legal address: w/n Toktogul str., Karakol, Issyk-Kul region.  

 

 

Interbank payments 

 

Inter-bank payment system indicators (IPS) 

 

Total IPS 

including 

Clearing system 

Gross system 

amount, 

KGS 

quantity, 

units 

amount, 

KGS 

quantity, 

units 

amount, 

KGS 

quantity, 

units 

Indicators for the period from June10 to June 14, 2013 (accounting period) 

Absolute value  

12 781 848 095.86 

48 952 

1 478 002 971.75 

45 324 

11 303 845 124.11 

3 628 

Share in IPS payments (%)  

100.0 

100.0 

11.6 

92.6 

88.4 

7.4 

including  

(%):  

  

  

  

  

  

  

Net positions of Integrated Inter-bank Processing Center  

0.16 

1.6 

1.4 

1.7 

0.0 

0.0 

Outgoing Central Treasury  

13.5 

7.0 

12.0 

7.2 

13.7 

4.1 

Incoming Central Treasury 

9.6 

42.2 

22.9 

45.5 

7.9 

1.0 

Outgoing Social Fund 

0.03 

0.7 

0.3 

0.8 

0.0 

0,0 

Incoming Social Fund  

1.3 

9.2 

10.8 

9.9 

0.0 

0.0 

Average-weekly indicators for the previous month 

Absolute value 

15 563 714 453.39 

49 844 

1 576 576 754.55 

46 651 

13 987 137 698.84 

3 192 

Deviation of accounting period indicators from average-weekly indicators for the previous month 

Absolute value 

-2 781 866 357,53 

-892 

-98 573 782.80 

-1 327 

-2 683 292 574.73 

436 

%  

-17.9 

-1.8 

-6.3 

-2.8 

-19.2 

13.6 

 

Elcard system indicators 

As of  

07.06.2013 

14.06.2013 

Total number of issued cards 

(excluding reissued)  

202 820 

204 202 

Number of pos-terminals:  

- in banks  

- in sale outlets  

1046 

785 

261 

1061 

800 

261 

Number of ATMs  

274 

274