The National Bank of Kyrgyzstan temporarily limited commercial banks and non-banking financial and credit organizations in imposing and collecting penalties and fines by its resolution. Website of the National Bank of the Kyrgyz Republic says.
Restrictions also apply to forfeits (fines/penalties) for borrowers for non-fulfillment/improper fulfillment of obligations stipulated by loan agreements.
The decision was made to mitigate the consequences of the external economic shock for consumers of banking services and to establish separate requirements for commercial banks and non-banking financial and credit organizations.
