Development trends of the banking sector
(as of March 31, 20261)
As of March 31, 2026 (hereinafter referred to as the reporting date), 24 commercial banks and 306 branches of the commercial banks operated in the Kyrgyz Republic. Six commercial banks provided services in accordance with the principles of Islamic banking and finance in the national and/or foreign currencies.
The banking system received net profit in the amount of KGS 6 974.3 million year-to-date2.
Aggregate assets of the banking sector increased by 23 percent year-to-date and totaled KGS 1 489.4 billion (at the end of 2025 – KGS 1 211.2 billion).
Volume of the credit portfolio3 of clients of the banking sector increased by 6.5 percent year-to-date and amounted to KGS 540.1 billion (at the end of 2025 – KGS 507 billion), including the sectors as follows:
- loans for industry amounted to KGS 17.1 billion (increased by 26.9 percent);
- loans for agriculture amounted to KGS 55.2 billion (increased by 1.4 percent);
- loans for commerce amounted to KGS 124.7 billion (increased by 7.6 percent);
- loans for construction amounted to KGS 18.7 billion (increased by 1 percent);
- loans for mortgage amounted to KGS 54.3 billion (decreased by 16.4 percent);
- consumer loans amounted to KGS 198.6 billion (increased by 16.6 percent);
- other loans amounted to KGS 71.6 billion (increased by 3.1 percent).
The volume of financing under the Islamic principles increased by 12.3 percent year-to-date and amounted to KGS 21.6 billion (at the end of 2025 – KGS 19.2 billion), including the sectors as follows:
- financing of industry amounted to KGS 0.5 billion (increased by 24.2 percent);
- financing of agriculture amounted to KGS 2.5 billion (increased by 20.1 percent);
- financing of commerce amounted to KGS 2.5 billion (increased by 94.2 percent);
- financing of construction amounted to KGS 0.8 billion (decreased by 0.4 percent);
- financing of mortgage amounted to KGS 8.3 billion (decreased by 8.5 percent);
- consumer financing amounted to KGS 5.6 billion (increased by 62.7 percent);
- other purposes financing amounted to KGS 1.5 billion (decreased by 32.4 percent).
The share of non-performing loans in the credit portfolio of the banking system made 11.2 percent or KGS 60.3 billion (at the end of 2025 – 10.5 percent, or KGS 53 billion). The volume of overdue loans increased by KGS 1.5 billion year-to-date, or 17 percent and amounted to KGS 10.2 billion or 1.9 percent of the credit portfolio of the banking system.
The volume of overdue of financing under the Islamic principles amounted to KGS 0.2 billion, or 0.9 percent of the total financing of the banking system, an decreased to KGS by 7.5 percent, since the beginning of the year.
Total liabilities of the banking sector increased by 26.6 percent year-to-date and amounted to KGS 1 254.5 billion (at the end of 2025 – KGS 990.6 billion).
Aggregate deposit base of clients of the banking sector4 increased by 5.8 percent year-to-date and amounted to KGS 916.5 billion (at the end of 2025 – KGS 866.2 billion), including:
- deposits of the legal entities totaled KGS 444.8 billion (increased by 7.5 percent);
- deposits of the individuals totaled KGS 272.9 billion (decreased by 2 percent);
- deposits of the authorities totaled KGS 89.3 billion (increased by 35 percent);
- deposits of the non-residents totaled KGS 102.1 billion (increased by 3.8 percent);
- deposits of other financial-credit organizations totaled KGS 7.4 billion (decreased by 21.4 percent).
The level of dollarization of the credit portfolio of the banking sector has decreased by 0.3 percent since the beginning of 2026 and made 18 percent. The level of dollarization of the deposit base of the banking sector decreased by 3.5 percentage points compared to the beginning of 2026 and made 31.3 percent.
The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 5.9 percent year-to-date and amounted to KGS 228.7 billion (at the end of 2025 – KGS 216.1 billion). The share of foreign participation in capital of the banking sector made 18 percent or KGS 31.2 billion of the paid-up authorized capital of the banking sector (at the end of 2025 – 16.5 percent or KGS 26.6 billion).
The total capital adequacy ratio of the banking sector made 27.4 percent (at the end of 2025 – 26.5 percent) with the standard of 12 percent, the leverage ratio of the banking sector made 14.1 percent (at the end of 2025 – 14.1 percent) with the standard of 6 percent.
The liquidity ratio of the banking system made 92.8 percent (at the end of 2025 – 82.7 percent) with the standard of 45 percent.
Return on assets of the banking sector (ROA) was 2.1 percent (at the end of 2025 – 3.3 percent) and return on equity (ROE) made 13.4 percent (at the end of 2025 – 22 percent).
The level of financial intermediation was as follows:
- (assets / GDP) made 72.4 percent (at the end of 2025 – 61.3 percent);
- (loans3 / GDP) made 26.3 percent (at the end of 2025 – 25.7 percent);
- (deposits4 / GDP) made 44.6 percent (at the end of 2025 – 43.8 percent).
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1 Preliminary data.
2 For reference: in the same period of 2025, the amount of profit totaled KGS 6504.8 million.
3 Excluding loans extended to the banks and other financial-credit organizations. Taking into account financing under the Islamic principles.
4 Excluding monetary funds of the banks on the deposit and settlement accounts.