Deputy Minister of Finance Umutjan Amanbaev reported that the proposed law would allow the National Bank to transfer 100% of last year's profits to the republican budget after receiving confirmation of the financial statements from an independent auditor. However, he noted that the audit at the National Bank of Kyrgyzstan has not yet been completed, and the exact amount of the transfer is still unknown.
According to current regulations, the distribution of profits from the National Bank occurs as follows:
- If the authorized capital and mandatory reserve are less than 5% of monetary liabilities, profits are not transferred to the budget but go to the mandatory reserve of the National Bank;
- If the capital and reserve are between 5% and 10%, 70% of the profits are directed to the budget, while the remaining part goes to the mandatory reserve;
- If the amount of capital and reserve reaches or exceeds 10% of monetary liabilities, 100% of the profits are transferred to the budget.
The deputy minister noted that in 2024, the National Bank will transfer 45.7 billion soms to the budget, while in 2023, this amount was 12.6 billion. It is expected that in 2025, the transfer will not be lower than the level of 2024.
Mels Attokurov, deputy chairman of the National Bank, confirmed that the financial regulator supports the new draft law, adding that since 2023, all profits of the National Bank have been directed to the budget.
Some deputies expressed the opinion that it is necessary to wait for the results of the audit before making a decision on the transfer. They urged the government not to rush into making changes.
Parliamentarian Ulan Primov emphasized the importance of leaving part of the profits at the disposal of the National Bank so that the financial regulator can continue its work.
