The National Bank of the Kyrgyz Republic has adopted amendments to several of its regulatory legal acts to refine requirements governing banks’ credit policies and to create a framework for banks to provide services related to an issuer’s initial placement of virtual assets under the Kyrgyz Republic’s Law on Virtual Assets. The changes address banks’ credit policy, including transactions with related and affiliated persons, strengthen mechanisms for collateral monitoring, and are intended to facilitate banks’ interaction with state authorities. The resolution has been published on the central bank’s website, and the updated normative legal act is to be made available in the banking regulation section.
National Bank of the Kyrgyz Republic 2025-11-13
National Bank of the Kyrgyz Republic amends banking rules on credit policy, related-party operations, collateral monitoring and virtual asset primary placement services
The National Bank of the Kyrgyz Republic has amended regulations to refine banks' credit policies and establish a framework for services related to the initial placement of virtual assets under the Law on Virtual Assets. The changes enhance collateral monitoring and aim to improve banks' interactions with state authorities.