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Development trends of the banking sector 

(as of March 31, 20211

 

As of March 31, 2021, 23 commercial banks (including the branch of the National Bank of Pakistan in Bishkek city) and 312 branches of the commercial banks operated in the territory of the Kyrgyz Republic. 

Aggregate assets of the banking sector increased by 2.5 percent year-to-date and totaled KGS 296.4 billion (at the end of 2020 KGS 289.3 billion). 

Volume of the credit portfolio2 of clients of the banking sector increased by 2.5 percent year-to-date and amounted to KGS 166.6 billion (at the end of 2020 KGS 162.6 billion), including the sectors as follows: 

- loans for industry amounted to KGS 13.9 billion (decrease by 1.2 percent); 

- loans for agriculture amounted to KGS 31.8 billion (increase by 4.4 percent); 

- loans for commerce amounted to KGS 44.5 billion (increase by 6.6 percent); 

- loans for construction activity amounted to KGS 13.5 billion (decrease by 1.5 percent); 

- loans for mortgage amounted to KGS 17.1 billion (decrease by 0.7 percent); 

- consumer loans amounted to KGS 17.4 billion (increase by 0.4 percent); 

- other loans amounted to KGS 28.2 billion (increase by 1.2 percent). 

The share of non-performing loans in the credit portfolio of the banking system made 11.2 percent or KGS 18.6 billion (at the end of 2020 10.5 percent or KGS 17.0 billion).  

Total liabilities of the banking sector increased by 1.8 percent year-to-date and amounted to KGS 247.8 billion (at the end of 2020 KGS 243.5 billion). 

Aggregate deposit3 base of clients of the banking sector increased by 1.9 percent year-to-date and amounted to KGS 184.4 billion (at the end of 2020 KGS 180.9 billion), including: 

- deposits of the legal entities totaled KGS 60.2 billion (decrease by 0.6 percent); 

- deposits of the individuals totaled KGS 100.3 billion (increase by 3.7 percent); 

- deposits of the authorities totaled KGS 8.7 billion (decrease by 5.4 percent); 

- deposits of the non-residents totaled KGS 12.4 billion (increase by 7.3 percent); 

- deposits of other financial-credit organizations totaled KGS 2.7 billion (decrease by 4.6 percent). 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 5.4 percent year-to-date and amounted to KGS 49.5 billion (at the end of 2020 KGS 47.0 billion). The share of foreign contribution in capital of the banking system made 27.7 percent or KGS 9.4 billion of the paid up authorized capital of the banking sector (at the end of 2020 30.0 percent or KGS 9.4 billion). 

The total capital adequacy ratio of the banking system made 22.9 percent (at the end of 2020 24.9 percent) with the standard of 12.0 percent, the leverage ratio of the banking system made 16.8 percent (at the end of 2020 16.2 percent) with the standard of 8.0 percent. 

The liquidity ratio of the banking system made 65.5 percent (at the end of 2020 64.9 percent) with the standard of 45.0 percent.  

Return of assets of the banking sector (ROA) was 0.9 percent (at the end of 2020 0.9 percent), and return on equity (ROE) made 5.5 percent (at the end of 2020 5.5 percent). 

The total financial intermediation (assets/GDP) made 49.4 percent (at the end of 2020 48.3 percent). 

 

 

1. Preliminary data taking into account adjustments introduced by the banks for the previous periods. 

2. Excluding loans extended to the banks and other financial-credit organizations. 

3. Excluding deposits of the banks.