Development trends of the banking sector 

(as of December 31, 20251) 

As of December 31, 2025 (hereinafter referred to as the reporting date), 22 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 33 013.8 million year-to-date2. 

Aggregate assets of the banking sector increased by 48.5 percent year-to-date and totaled KGS 1 211.3 billion (at the end of 2024 – KGS 815.6 billion). 

Volume of the credit portfolio3 of clients of the banking sector increased by 48.8 percent year-to-date and amounted to KGS 507 billion (at the end of 2024 – KGS 340.7 billion), including the sectors as follows: 

- loans for industry amounted to KGS 13.4 billion (decreased by 4.2 percent); 

- loans for agriculture amounted to KGS 54.5 billion (increased by 14.9 percent); 

- loans for commerce amounted to KGS 113.7 billion (increased by 26.5 percent); 

- loans for construction amounted to KGS 18.6 billion (increased by 36.6 percent); 

- loans for mortgage amounted to KGS 64.5 billion (increased by 64.6 percent); 

- consumer loans amounted to KGS 173.8 billion (increased by 75.1 percent); 

- other loans amounted to KGS 68.5 billion (increased by 83.4 percent). 

The volume of financing under the Islamic principles increased by 112 percent year-to-date and amounted to KGS 19.2 billion (at the end of 2024 – KGS 9 billion), including the sectors as follows: 

- financing of industry amounted to KGS 0.4 billion (increased by 9.2 percent); 

- financing of agriculture amounted to KGS 2.1 billion (increased by 53.4 percent); 

- financing of commerce amounted to KGS 1.2 billion (increased by 23.7 percent); 

- financing of construction amounted to KGS 0.8 billion (increased by 64.4 percent); 

- financing of mortgage amounted to KGS 9.1 billion (increased by 182.4 percent);  

- consumer financing amounted to KGS 3.4 billion (increased by 111.7 percent);  

- other purposes financing amounted to KGS 2.2 billion (increased by 109.9 percent).  

The share of non-performing loans in the credit portfolio of the banking system made 10.5 percent or KGS 53.1 billion (at the end of 2024 – 10.8 percent, or KGS 36.6 billion). The volume of overdue loans increased by KGS 2.3 billion year-to-date, or 36.2 percent and amounted to KGS 8.7 billion or 1.7 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 1.1 percent of the total financing of the banking system, an decreased to KGS of 0.2 billion, or 41.9 percent, since the beginning of the year. 

Total liabilities of the banking sector increased by 44.7 percent year-to-date and amounted to KGS 990.7 billion (at the end of 2024 – KGS 684.8 billion). 

Aggregate deposit base of clients of the banking sector4 increased by 46.2 percent year-to-date and amounted to KGS 865.9 billion (at the end of 2024 – KGS 592.4 billion), including: 

- deposits of the legal entities totaled KGS 413.6 billion (increased by 67.9 percent); 

- deposits of the individuals totaled KGS 278.4 billion (increased by 34.1 percent); 

- deposits of the authorities totaled KGS 66.2 billion (increased by 27.9 percent); 

- deposits of the non-residents totaled KGS 98.3 billion (increased by 30.5 percent); 

- deposits of other financial-credit organizations totaled KGS 9.4 billion (decreased by 17.7 percent). 

The level of dollarization of the credit portfolio of the banking sector has decreased by 1.8 percent since the beginning of 2025 and made 18.3 percent. The level of dollarization of the deposit base of the banking sector decreased by 8.2 percentage points compared to the beginning of 2025 and made 34.7 percent. 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 62.5 percent year-to-date and amounted to KGS 215.5 billion (at the end of 2024 – KGS 132.6 billion). The share of foreign participation in capital of the banking sector made 16.5 percent or KGS 26.6 billion of the paid-up authorized capital of the banking sector (at the end of 2024 – 28 percent or KGS 21.6 billion). 

The total capital adequacy ratio of the banking sector made 26.4 percent (at the end of 2024 – 22 percent) with the standard of 12 percent, the leverage ratio of the banking sector made 14.1 percent (at the end of 2024 – 11.4 percent) with the standard of 6 percent. 

The liquidity ratio of the banking system made 82.6 percent (at the end of 2024 – 73.1 percent) with the standard of 45 percent. 

Return on assets of the banking sector (ROA) was 3.5 percent (at the end of 2024 – 4.3 percent) and return on equity (ROE) made 23.3 percent (at the end of 2024 – 32.5 percent). 

The level of financial intermediation was as follows:  

- (assets / GDP) made 61.3 percent (at the end of 2024 – 53.5 percent); 

- (loans3 / GDP) made 25.7 percent (at the end of 2024 – 22.4 percent); 

- (deposits4 / GDP) made 43.8 percent (at the end of 2024 – 38.9 percent). 

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1 Preliminary data. 

2 For reference: in the same period of 2024, the amount of profit totaled KGS 31 088.3 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.