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Deposit Protection Agency of the Kyrgyz Republic

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The main goal of the Agency is to create a deposit protection system and promote the stability of the country's financial system, which is ensured by reducing the incentive for owners of insured deposits to withdraw them from banks for fear of losing their savings. The feasibility for the economy and the banking sector of introducing such a deposit protection mechanism as a way to increase public confidence in commercial banks and attract additional financial resources into bank deposits, which are stored mainly outside the banking sector, without working for either their owners or the country's economy, as world practice shows, is relevant and justified.