Concept of Deposit 1. Banking System of the Kyrgyz Republic 1. The provisions of this Law shall apply to the Bank of Kyrgyzstan only in instances directly provided by this Law. Based on the types of activity, a bank may be universal or specialized. Universal bank is a bank which carries out all types of banking operations, including investment.
Specialized bank is a bank which implements limited scope of banking operations.
Activity of the specialized banks shall be carried out based on this Law, and on separate legislative acts governing their activity. Based on the types of property, a bank may be state or private. The state bank shall be established based on a separate legislative act in the form of the postal, investment, savings and other similar bank. State bank shall carry out its activity in compliance with the banking legislation of the republic. The activity of such specialized financial institutions shall be governed by Laws of the Kyrgyz Republic and this Law with consideration of peculiarities provided by normative acts of the Bank of Kyrgyzstan.