ь Due to unstable situation in the Kyrgyz Republic and for the purpose of control over funds circulation and preservation of assets on behalf of depositors and other bank’s creditors, considering significance and inter-connection of the system as well as the facts of robbery and threats of robbery, on the basis of the Article 32 of the Kyrgyz Republic Law “On the National Bank of the Kyrgyz Republic” and Article 45 of the Kyrgyz Republic Law “On banks and banking activity”, the Management Board of the National Bank of the Kyrgyz Republic decrees: 

1. To introduce temporary administration for bank’s management from 8 A.M., April 8, 2010 in the following banks: 

· OJSC “AsiaUniversalBank”.  

· OJSC IB “Issyk-Kul”.  

· OJSC “KyrgyzCreditBank”.  

· CJSC “Manas Bank”.  

· OJSC IACB “Akyl». 

2. To terminate authorities of the Boards of Directors and Management Boards of the above mentioned banks from 8 A.M., April 8, 2010. 

3. To establish that from the moment of temporary administration introduction in the above mentioned banks, this administration is assigned with the authorities of Boards of Directors and Management Boards. 

4. To terminate all transactions in foreign currency until special decree for the correspondent accounts as well as all transactions with insiders and affiliated entities and companies. 

5. All payments, except for remittance of funds toward the national budget and Social Fund of the Kyrgyz Republic, shall be performed in the above-mentioned banks through the gross payment system.  

ь National Bank of the Kyrgyz Republic informs that as of April 10, 2010, accounts of the Kyrgyz Republic Government in the National Bank of the Kyrgyz Republic include monetary assets for the overall sum of 3.5 billion soms, among them 2.1 billion soms, 27 million US dollars and 2 million Euro. Moreover on the accounts of the Development Fund, opened in the National Bank of the Kyrgyz Republic, there are monetary assets in the amount of 8.5 billion soms, including 1 billion soms and 168 million US dollars. Within the period from April 7 – April 10, only transactions on remittance of funds were performed; transactions on withdrawal of money were not performed during this period. Thus, the National Bank of the Kyrgyz Republic provides total safety of the Government’s and Development Fund’s monetary assets, allocated in the National Bank of the Kyrgyz Republic. International reserves of the National Bank of the Kyrgyz Republic are secured and managed in the regular regime in accordance with the regulatory and normative acts of the National Bank of the Kyrgyz Republic. 

ь National Bank of the Kyrgyz Republic informs about current financial state of banks, where the regime of temporary administration was introduced. Employees of the National Bank of the Kyrgyz Republic performed inventory of assets and evaluation of the current financial state of banks. At present, activities on maintenance and preservation of funds in these banks are performed. In accordance with the preliminary information, available and received by temporary administration on the basis of banking reports, financial state of these banks as of April 11, 2010, is as follows: 

OJSC “AsiaUniversalBank” 

– Assets – 13.6 billion soms; including cash liquidity – 4 billion soms. 

– Bank liabilities – 10.6 billion soms. 

– Bank stock – 2.9 billion soms. 

– Deposits of physical entities – 1.9 billion soms 

OJSC IB “Issyk-Kul” 

– Assets – 1.2 billion soms; including cash liquidity – 201 million soms. 

– Bank liabilities – 836 million soms. 

– Bank stock – 345 million soms. 

– Deposits of physical entities – 216 million soms 

OJSC “KyrgyzCreditBank” 

– Assets – 1.3 billion soms; including cash liquidity – 647.3 million soms. 

– Bank liabilities – 842.6 million soms. 

– Bank stock – 431.8 million soms. 

– Deposits of physical entities – 213.7 million soms 

CJSC “Manas Bank” 

– Assets – 2.7 billion soms; including cash liquidity – 498 million soms. 

– Bank liabilities – 2.3 billion soms. 

– Bank stock – 408.4 million soms. 

– Deposits of physical entities – 171 million soms 

OJSC IACB “Akyl” 

– Assets – 136 million soms; including cash liquidity – 12 million soms. 

– Bank liabilities – 33 million soms. 

– Bank stock – 105 million soms. 

– Deposits of physical entities – 12 million soms 

OJSC “Dos-Credobank” 

– Assets – 741 million soms; including cash liquidity – 150 million soms. 

– Bank liabilities – 461 million soms. 

– Bank stock – 273 million soms. 

– Deposits of physical entities – 126 million soms 

National Bank of the Kyrgyz Republic asks all depositors and clients of the above mentioned banks not to get into panic and stay calm. Banking system is stable. Liquidity rate is sufficient. National Bank of the Kyrgyz Republic performs all necessary measures to protect depositors.  

News of non-banking financial and credit institutions 

The National Bank of the Kyrgyz Republic issued licenses/certificates to the following non-banking financial institutions and exchange offices: 

1. LLC MCC “Irbit” (certificate on accounting registration №286 dated April 6, 2010, for micro-crediting of legal entities and individuals). Legal address: 30-7, Tynystanova Str., Bishkek; 

2. Financial Cooperative CU “Sarkulovka” (License No. 550 dated April 9, 2010 for performance of transactions on attraction of monetary assets from its participants by means on acquisition of savings share by them; provision of credits to participants of the credit union on terms of maturity, payback and serviceability). Legal address: No.107, Kuchkan Ata Str., Ak-Bashat village, Jaiyl rayon, Chui oblast; 

3. Financial Cooperative CU “Jeti Aiyl” (License No. 551 dated April 9, 2010 for performance of transactions on attraction of monetary assets from its participants by means on acquisition of savings share by them; provision of credits to participants of the credit union on terms of maturity, payback and serviceability). Legal address: No.18, Tynchtyk Str., Suusamyr village, Jaiyl rayon, Chui oblast; 

4. PE Nurmatov Sharip Oliyarovich (License No. 4330, dated April 9, 2010 for conducting cash foreign exchange transactions). Legal address: container No.7, passage No.0, Turatali market, Lenin Str., Kara-Suu village, Osh oblast; 

5. PE Sentemov Dmitry Alekseevich (License No. 4329, dated April 9, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2482. Legal address: No.1, central passage, Trade Centre Dordoi, Bishkek;  

6. PE Sentemov Dmitry Alekseevich (License No. 4329, dated April 9, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2482. Legal address: No.1, central passage, Trade Centre Dordoi, Bishkek 

7. PE Japarkul uulu Kanat (License No. 4328, dated April 7, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2481. Legal address: 38-28, Manas Str., Bishkek; 

8. PE Islamov Ravshanbek Baltabaevich (License No. 4327, dated April 7, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2480. Legal address: pavilion No.46, north bus-stop, Trade Centre Dordoi, Bishkek; 

9. PE Bezdornov Oleg Ivanovich (License No. 4326, dated April 6, 2010 for conducting cash foreign exchange transactions). Registration number of exchange office: 2479. Legal address: 148/2, Abdrahmanova Str., Bishkek. 

The National Bank of the Kyrgyz Republic revoked certificates/licenses from the following NBFI: 

1. License No. 305, dated September 28, 2001 has been revoked from the Credit Union “Medinat” from April 9, 2010 on the basis of minutes of the general meeting of participants, dated March 12, 2010, on self-liquidating (application is dated April 7, 2010). Legal address: Drujba Narovdov Str., Ak-Bulak Str., Kyzyl Kiya village, Batken oblast; 

2. Certificate No. 97, dated July 26, 2005, has been revoked from the Public Fund MCA “Zirina Capital” from April 7, 2010 on the basis of resolution of the participant on self-liquidating, dated February 12, 2010. Legal address: 39-12, Kyzyl Adyr Str.; Kara Bura rayon, Talas oblast; 

3. Certificate No. 1, January 15, 2003, has been revoked from the Public Fund MCA “Ak Maral - Yug” from April 6, 2010, for systematic non-provision of regulative reports as well as for not-execution of prescriptions within established period. Legal address: 306, Lenin Str., Osh, Osh oblast. 

Inter-bank payments 

Indices of “Elcart” system* 

* According to CJSC “Interbank processing center”, 18 commercial banks out to 22 are connected to it.