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Bank License System Overhauled
11:01, 02/04/2001

New amendments envisage the change of conditions and order of granting state licenses to banks, thus enabling them to draw population`s deposits. There`ll take place the revision of all banks` operations, included into the interior and general agendas under the existing Banks` code.

A special standing commission will be set up to consider the introduction of the new banking operations into the state system.

They likewise adopted the new edition of the Instructions of withdrawing cash from the bank accounts in order, stipulated by the existing legislation. They also put in full conformity with the Banks` code the check payment system, Instructions for check payables, rules for banking operations, use of plastic business cards and a range of other similar documents.



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