The Risk Committee carries out activities to minimize the risks of the activity of the National Bank by coordinating the work of structural subdivisions in the field of identification, assessment and limitation of risks inherent in the activity of the National Bank.  

The Risk Committee consists of a member of the Board of the National Bank who is the Chairman of the Committee and six heads of structural subdivisions of the National Bank. The personal composition of the Risk Committee is approved by the order of the Chairman of the National Bank. 

The activity of the Risk Committee, in accordance with its main functions and objectives, is to consider issues of risk management in the National Bank with the purposes to develop recommendations and proposals for optimizing the risk management process.  

During 2024, the Risk Committee considered risk events arising in the activities of structural subdivisions, took measures to minimize their consequences and prevent them in the future. In addition, the issues related to business continuity management and amendments to the “Methodological Guidelines for Self-Assessment of Operational Risks in the Structural Subdivisions of the National Bank of the Kyrgyz Republic”, issues related to the implementation of external auditors’ recommendations, as well as issues related to risks associated with sustainable development and climate change were considered. All issues were considered in accordance with the work plan of the Risk Committee for 2024. A total of 6 meetings were held in 2024, during which 17 issues were considered, of which 5 issues were unscheduled.