Azerbaijan, Baku, Jan.16 / Trend, J.Nasibova /
National Bank of Kyrgyzstan launched a new financial tool to decrease commercial risks, KyrTAG reported on Wednesday referring to the Bank spokesperson, Sofia Balakina.
"The National Bank launched this tool - refinancing credit - to expand range of products aimed at ensuring liquidity of the banking system", Balakina said.
According to National Bank's statement, at the moment refinancing credits are available for commercial banks via conducting credit auctions. The terms of granting and amount of the credit are being determined by the National Bank's Monetary and Credit Regulation Committee .