Depositors will receive faster payments: the government is changing the rules for selecting agent banks

Владислав Вислоцкий Society
VK X OK WhatsApp Telegram
The Cabinet of Ministers of Kyrgyzstan has decided to implement a new procedure for selecting agent banks that will handle compensation payments to depositors in the event of a guaranteed case.

This measure aims to improve the efficiency of the deposit protection system and reduce the time required to initiate payments to citizens.

According to the new resolution, the procedure for selecting banks through which payments will be made in case of financial difficulties at institutions is being changed.

The document has been prepared with consideration of international deposit insurance standards and is intended to enhance the reliability of the country's financial system.

The new rules will take effect 10 days after their official publication.
VK X OK WhatsApp Telegram

Read also: