The National Bank of the Kyrgyz Republic has submitted for public discussion a draft Board resolution amending certain National Bank regulatory legal acts to create an equal legal environment for both traditional financial and credit organisations and those operating under Islamic banking and financing principles. The proposals aim to update requirements and approaches to credit risk management, improve collateral monitoring mechanisms, update capital requirements, and make other related changes. The draft is published on the National Bank’s website under “Regulatory Acts of the National Bank / Projects for Discussion” and on the Unified Portal for Public Discussion of Draft Regulatory Legal Acts. Comments and suggestions must be submitted by March 6, 2026.
National Bank of the Kyrgyz Republic 2026-02-19
National Bank of the Kyrgyz Republic launches consultation on amendments to align prudential requirements for conventional and Islamic finance firms
The National Bank of the Kyrgyz Republic has proposed amendments to regulatory acts to harmonize the legal framework for traditional and Islamic banking. The draft aims to update credit risk management, collateral monitoring, and capital requirements.