12:57, 02 декабря 2025, Bishkek – 24.kg news agency , Baktygul OSMONALIEVA
The National Bank of Kyrgyzstan intends to strengthen control over credit unions in Kyrgyzstan and the Financial Company of Credit Unions JSC (FCCU). A package of amendments to the regulations governing their activities has been submitted for public discussion.
It is noted that the proposed regulations are aimed at increasing ownership transparency, strengthening risk control, and preventing capital and lending concentration.
It is proposed to introduce a mandatory risk standard and adjust licensing rules for credit unions. Organizations that do not accept deposits and have no outstanding debt to the FCCU will be required to establish an internal maximum risk standard per borrower of no more than 25 percent.
New shareholding rules, funding source requirements, and risk concentration limits for the FCCU have also been developed. New ownership rules and structure have been defined:
- Shareholders are limited to residents of the Kyrgyz Republic—credit unions, individuals, and legal entities;
- The shareholding per shareholder is limited to 15 percent of voting shares;
- The total…
