Chairman of the National Bank of the Kyrgyz Republic gave an interview to the magazine “The Economist”
Chairman of the National Bank of the Kyrgyz Republic Tolkunbek Abdygulov gave an interview to the weekly magazine “The Economist” (United Kingdom). During the interview, the head of the National Bank told to the journalist David Trilling of the purposes and functions of the Central Bank, monetary policy of the regulator, the situation in the financial market of the country and in the economy as a whole.
The journalist of the “The Economist” asked T. Abdygulov to comment on the impact of the devaluation of the Russian currency on the volume of remittances from migrants from Kyrgyzstan working in Russia.
The National Bank of the Kyrgyz Republic: “Baltikums International” LLC does not have permission for provision of banking services in the Kyrgyz Republic
The advertisement of the “Baltikums International” appeared in the mass media of the Kyrgyz Republic which states that the representation of the company, namely Baltikumsbank, offers services on opening current accounts, payment cards and trade finance.
In accordance with Article 20 of the Law of the Kyrgyz Republic “On Banks and banking activities in the Kyrgyz Republic”, representation of a foreign bank can be opened only with the permission of the National Bank. A foreign bank, which intends to open a representative office, must notify the National Bank two months prior to its opening and provide a package of documents for obtaining a permit to open a representation office. The representation has the right to protect and represent the interests of the bank, as well as perform on its behalf a transaction or other lawful actions, except for the acceptance of deposits, lending, settlement transactions and perform other operations that require a banking license, according to the legislation of the Kyrgyz Republic.
The National Bank notes that the representation of “Baltikums International” LLC, which provides services on behalf of Baltikumsbank in the Kyrgyz Republic, is not registered by the National Bank in the registry of representation offices of commercial banks.
Since neither the “Baltikums International” nor Baltikumsbank received permission from the National Bank, the above mentioned services are provided by the bank in violation of the Law “On Banks and banking activities in the Kyrgyz Republic.”
In order to avoid fraud, the National Bank of the Kyrgyz Republic asks citizens to refrain from seeking the services of “Baltikums International” LLC and further encourages Kyrgyzstani people to be careful in the selection of financial institutions and check the availability of authorization / license of the National Bank of the Kyrgyz Republic.
The National Bank of the Kyrgyz Republic within the framework of the campaign on increasing financial literacy of the population announces a republican completion among the schoolchildren on the following nominations:
1. The best essay on topic:
• “What is bank? Why it is needed?”
• “Currency of the future”
• “Where to put money?”
• “If I were a banker…”
• “How to competently handle with money?”
• “How much money is needed to be happy?”
• “The future of the national currency”
2. The best poems on topic: “It is devoted to the national currency of Kyrgyzstan…”
3. The best drawing on topic: “Som – face of Kyrgyzstan”
The objective of the competition is to improve financial literacy of schoolchildren and wide awareness raising campaign about careful handling with the national currency as a symbol of the state.
The competition is open for children from 6 to 16 years. Poems and essays are accepted in Kyrgyz and Russian languages and should be submitted in a white sheet of paper of A-4 format, font Times New Roman, font size - 12.
Drawings can be made in any technique (watercolor, gouache, graphics, etc.). The number and amount of entries per author is not limited.
The prize fund envisages valuable gifts in the form of collector coins of the National Bank of the Kyrgyz Republic and other incentive prizes.
Entries must be submitted before April 14, 2015 to the Department of Public Relations and Protocol of the Documentation Management and Communications Department of the National Bank at the address: 101 Umetaliev Street, Bishkek, 101720040, the Kyrgyz Republic, “Expedition”, 104 room with a sign “Junior competition” indicating the last name, first name and patronymic name of the child, date of birth and contact details.
For all questions, please contact the Department of Public Relations and Protocol, Documentation Management and Communications Department, tel. 669 134, 669 009
Licenses /certificates were issued to the following non-financial credit institutions and exchange offices:
1. Lombard “Mian LLC (License No. 5209 as of February 18, 2015 giving the right to conduct exchange operations in cash foreign currency). Registration number of the exchange office is 3207. Legal address: 92 Tynaliev Street, Bishkek city.
2. “Nurmat” LLC (License No. 5210 as of February 18, 2015 giving the right to conduct exchange operations in cash foreign currency). Legal address: Dadosyan Street, Leilek market, Isfana city, Leilek rayon, Batken oblast.
3. “Currency Service” LLC (License No. 5211 as of February 18, 2015 giving the right to conduct exchange operations in cash foreign currency). Registration number of the exchange office is 3208. Legal address: Aprt.,17, 119 Abdrahmanov Street, Bishkek city.
4. “Bermet Plus-Kara-Balta” LLC (License No. 5212 as of February 18, 2015 giving the right to conduct exchange operations in cash foreign currency). Registration number of the exchange office is 3209. Legal address: 24 Kozhomberdiev, Kara-Balta city, Chui oblast.
5. “Aral-Chechtobo” LLC (License No. 5213 as of February 20, 2015 giving the right to conduct exchange operations in cash foreign currency). Legal address: Novodonetsk village, Kerben market, Manas rayon, Talas oblast.
6. “Myktybek-Ruslan” LLC (License No. 5214 as of February 20, 2015 giving the right to conduct exchange operations in cash foreign currency). Legal address: Novodonetsk village, Kerben market, Manas rayon, Talas oblast.
Licenses /certificates of the following non-financial credit institutions and exchange offices were withdrawn:
1. The license of the individual entrepreneur Vahrichenko Irina Vitalievna under No. 4861 as of March 5, 2012 giving the right to conduct exchange operations in cash foreign currency was annulled. Legal address: shop No. 11, 129, Kara-Balta city, Chui oblast.
2. The certificate of registration of MCC “Kurzhun” LLC under No.328 as of December 21, 2010 for micro-crediting o physical and legal entities was annulled. Legal address: 33-44, 8 micro-district, Bishkek city.
3. The certificate of registration of MCC “Tamerlan” LLC under No. 435 as of February 28, 2012 for micro-crediting of physical and legal entities was annulled. Legal address: 37 Lenin Street, Jalalabad city, Jalalabad oblast.
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Interbank Payment Systems (IPS) indicators |
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Total IPS |
Including |
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Clearing system |
Gross system |
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Clearing system |
Gross system |
Volume, KGS |
Q-ty, Pc. |
Volume, KGS |
Q-ty, Pc. |
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Indicators for the period from February 16 to February 21, 2015 (reporting period) |
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Absolute Value |
33 727 841 671.04 |
64 681 |
1 534 073 966.87 |
59 556 |
32 193 767 704.17 |
5 125 |
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Share in IPS payments (%) |
100.0 |
100.0 |
4.5 |
92.1 |
95.5 |
7.9 |
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including (%): |
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|
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Net positions of the Common Interbank Processing Center |
0.1 |
1.6 |
1.5 |
1.8 |
0.0 |
0.0 |
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Outgoing to the Central Treasury |
3.9 |
5.4 |
12.8 |
5.8 |
3.4 |
1.0 |
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Incoming to the Central Treasury |
7.8 |
56.8 |
27.9 |
61.4 |
6.9 |
3.3 |
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Outgoing to the Social Fund |
0.02 |
0.5 |
0.4 |
0.5 |
0.0 |
0.0 |
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Incoming to the Social Fund |
0.1 |
5.2 |
2.7 |
5.6 |
0.0 |
0.0 |
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Average weekly indicators for the last month |
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Absolute Value |
28 912 525 330.21 |
48 053 |
1 262 475 068.52 |
44 134 |
27 650 050 261.69 |
3 918 |
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Deviation of indicators for the reporting period from average weekly indicators for the last month |
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Absolute Value |
4 815 316 340.83 |
16 628 |
271 598 898.35 |
15 422 |
4 543 717 442.48 |
1 207 |
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% |
16.7 |
34.6 |
21.5 |
34.9 |
16.4 |
30.8 |
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Elcart System indicators |
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As of |
13.02.2015 |
24.02.2015 |
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The total number of issued cards (excluding reissued) |
377 813 |
381 716 |
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Number of POS-terminals: - in banks - in sale outlets |
1471 788 683 |
1483 788 695 |
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Number of ATMs |
431 |
431 |