Deposit Protection Fund
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Deposit Protection Fund
The Deposit Protection Fund is a fund established in accordance with the Law of the Kyrgyz Republic
“On Protection of Bank Deposits” and managed by the Agency.
Purpose
Accumulation and safeguarding of funds to ensure the payment of compensation to depositors in the event of a guarantee case.
Core principle
The Fund’s resources are used strictly for their intended purpose and solely to ensure the reliability and stability of the deposit protection system.
Guarantee case
Revocation by the National Bank of the license of a bank, microfinance company, or housing savings credit company.
Key Information
What is the Fund?
The Fund is a pool of financial resources formed from membership contributions and managed by the Deposit Protection Agency in accordance with the conditions established by law.
The Fund serves to ensure the stability of the deposit protection system.
Main Objective of the Fund
The main objective of the Fund is to protect the rights of depositors by accumulating and maintaining a sufficient amount of funds necessary to pay compensation on insured deposits.
Sources of Fund Formation
Membership Contributions
Membership contributions from participating banks, microfinance companies, and housing savings credit companies.
Government Payments
Membership contributions and support measures provided by the Cabinet of Ministers.
Investment Income
Interest and other investment income generated from the placement of the Fund’s assets.
Penalties and Payments
Fines, penalties, sanctions, and other revenues stipulated by legislation.
Loans and Borrowings
Loans and borrowings obtained under the guarantee of the Cabinet of Ministers.
Other Sources
Other funds received in accordance with the legislation of the Kyrgyz Republic.