Self-ban on loans will protect Kyrgyz citizens from financial fraud – NBKR

Елена Краснова Local news / Exclusive
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In order to protect citizens from fraudulent activities on the internet, the National Bank of the Kyrgyz Republic has implemented a self-ban mechanism on loans. This was announced by the Deputy Chairman of the NBKR, Bektur Aliyev, at a recent press conference.

He noted that the NBKR and law enforcement agencies receive numerous complaints from citizens who have fallen victim to fraudsters. These criminals use various schemes to obtain loans in the name of citizens without their consent, effectively depriving them of freedom in financial matters.

Self-ban on loans will protect Kyrgyz citizens from financial fraud – NBKR
“We are convinced that the introduction of the self-ban system on loans will be one of the most effective ways to prevent such cases. If a citizen activates the self-ban, no bank or microfinance organization will be able to issue an online loan in their name, even if fraudsters gain access to their passport data,” emphasized Aliyev.

He also added that the launch of this system is the first step towards a comprehensive program to enhance the security of citizens against financial crimes.
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