./.WORLD TRADE
ORGANIZATIONS/C/N/114
13 January 2000
(00-0141)
Council for Trade in Services Original:  English
NOTIFICATION PURSUANT TO ARTICLE III.3 OF THE
GENERAL AGREEMENT ON TRADE IN SERVICES
The following notification has been received from the delegation of the Kyrgyz Republic.
____________
1. Member notifying:
Kyrgyz Republic
2. Notification under:
Article III, paragraph 3, of the General Agreement on Trade in Services.
3. Date of entry into force:
20 September 1999
Duration
Indefinite
4. Agency responsible for implementation  and enforcement of the measures:
National Bank
5. Description of the measures:
Banking
Reference is made to the Kyrgyz Republic's Schedule of Specific Commitments on Services
in Sector 7.B, limitations on national treatment column, mode 3.
According to Resolution of the National Bank of the Kyrgyz Republic #34/5 of 14 December
1998 "On Increasing of the Minimal Capital fo r Commercial Banks" the following schedule
for increasing the minimum capital requirement for banks was established:S/C/N/114
Page 2
For Banks without
foreign participationestablished prior to
entry into force of
Resolution  #34/5For Banks established
after the date ofResolution #34/5For Banks with
foreign participationestablished prior to
entry into force of
Resolution #34/5
By 31 March 1999 20 min. Soms*100 min. Soms 40 min. Soms
By 31 March 2000 25 min. Soms 100 min. Soms 45 min. Soms
By 31 March 2001 35 min. Soms 100 min. Soms 50 min. Soms
By 31 March 2002 50 min. Soms 100 min. Soms 50 min. Soms
By 31 March 2003 100 min. Soms 100 min. Soms 100 min. Soms
The above Resolution is no longer in force starting from 1 October 1999.  According to
Resolution of the National Bank of the Kyrgyz Republic #61/1 of 20 September 1999 "OnMinimal Capital for Commercial Banks" the above schedule is replaced by the following:
(a) Commercial banks (including branches of foreign banks), irrespective of whether or
not with foreign participation, established after 1 October 1999 are subject to the
minimal capital requirement for 300 min. Soms.
(b) For existing commercial banks (including branches of foreign banks), irrespective of
whether or not with foreign participation, minimal capital must be 50 min. Soms by
31 July 2000 and 100 min. Soms by 31 July 2001.
6. Members specifically affected, if any:
None
7. The texts are available from:
Enquiry point
__________
                                                     
*Official exchange rate as established by the National Bank of the Kyrgyz Republic on 28 August 1999
was US$ 1 ~ 42.47 Soms.