On Amendments To The Resolution Of The Cabinet Of Ministers Of The Kyrgyz Republic “On Approval Of The Procedure For Providing Guarantees To Subjects Of The National Economy” Dated June 20, 2022 No. 326. – Financial Services

By Decision of the Cupboard of Ministers of the Kyrgyz Republic
dated September 9, 2022 No. 509, the Process for offering
ensures to monetary and credit score organizations to topics of the
nationwide economic system was developed.

From July 1, 2023, the minimal licensed capital for newly
opened non-banking monetary and credit score organizations ought to
be:

for microfinance corporations:

• not attracting deposits – no less than 300 million soms;




• making use of for the correct to obtain time deposits from
  people and authorized entities — no less than 600 million
  soms;

for microcredit corporations – no less than 50 million soms;

for credit score unions:

• not having a license to draw deposits – no less than 2 million
  soms;




• having a license to draw deposits – no less than 5 million
  soms;

for housing and financial savings credit score corporations – no less than 600 million
soms;

for assure funds – no less than 700 million soms.

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