Development trends of the banking sector 

(as of April 30, 20251) 

As of April 30, 2025 (hereinafter referred to as the reporting date), 21 commercial banks and 304 branches of the commercial banks operated in the Kyrgyz Republic. Five 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 8 887.3 million year-to-date2. 

Aggregate assets of the banking sector increased by 14 percent year-to-date and totaled KGS 930.1 billion (at the end of 2024 – KGS 815.7 billion). 

Volume of the credit portfolio3 of clients of the banking sector increased by 15.6 percent year-to-date and amounted to KGS 393.8 billion (at the end of 2024 – KGS 340.7 billion), including the sectors as follows: 

- loans for industry amounted to KGS 14.7 billion (increased by 5 percent); 

- loans for agriculture amounted to KGS 51 billion (increased by 7.5 percent); 

- loans for commerce amounted to KGS 101.2 billion (increased by 12.6 percent); 

- loans for construction amounted to KGS 14.2 billion (increased by 4.4 percent); 

- loans for mortgage amounted to KGS 43.9 billion (increased by 12.1 percent); 

- consumer loans amounted to KGS 123.9 billion (increased by 24.9 percent); 

- other loans amounted to KGS 44.9 billion (increased by 20.1 percent). 

The volume of financing under the Islamic principles increased by 33.6 percent year-to-date and amounted to KGS 12.1 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 8.9 percent); 

- financing of agriculture amounted to KGS 1.7 billion (increased by 26.7 percent); 

- financing of commerce amounted to KGS 1.3 billion (increased by 26.6 percent); 

- financing of construction amounted to KGS 0.6 billion (increased by 12.9 percent); 

- financing of mortgage amounted to KGS 4.3 billion increased by 32.8 percent);  

- consumer financing amounted to KGS 2.4 billion (increased by 49.9 percent);  

- other purposes financing amounted to KGS 1.5 billion (increased by 44.5 percent).  

The share of non-performing loans in the credit portfolio of the banking system made 10.7 percent or KGS 42.2 billion (at the end of 2024 – 10.8 percent, or KGS 36.6 billion). The volume of overdue loans increased by KGS 0.6 billion year-to-date, or 9.8 percent and amounted to KGS 7 billion or 1.8 percent of the credit portfolio of the banking system. 

The volume of overdue of financing under the Islamic principles amounted to KGS 0.4 billion, or 2.9 percent of the total financing of the banking system, an decreased to KGS by 4.2 percent, since the beginning of the year. 

Total liabilities of the banking sector increased by 17.1 percent year-to-date and amounted to KGS 801.9 billion (at the end of 2024 – KGS 684.9 billion). 

Aggregate deposit base of clients of the banking sector4 increased by 16.1 percent year-to-date and amounted to KGS 687.9 billion (at the end of 2024 – KGS 592.4 billion), including: 

- deposits of the legal entities totaled KGS 295.9 billion (increased by 20.2 percent); 

- deposits of the individuals totaled KGS 230.9 billion (increased by 11.2 percent); 

- deposits of the authorities totaled KGS 64.7 billion (increased by 25.1 percent); 

- deposits of the non-residents totaled KGS 84.1 billion (increased by 11.6 percent); 

- deposits of other financial-credit organizations totaled KGS 12.3 billion (increased by 7.6 percent). 

The level of dollarization of the credit portfolio of the banking sector has decreased by 1.1 percent since the beginning of 2025 and made 19 percent. The level of dollarization of the deposit base of the banking sector decreased by 5.1 percentage points compared to the beginning of 2025 and made 37.8 percent. 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR decreased by 1.8 percent year-to-date and amounted to KGS 130.2 billion (at the end of 2024 – KGS 132.6 billion). The share of foreign participation in capital of the banking sector made 32.5 percent or KGS 26.2 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 20.1 percent (at the end of 2024 – 22 percent) with the standard of 12 percent, the leverage ratio of the banking sector made 12 percent (at the end of 2024 – 11.4 percent) with the standard of 6 percent. 

The liquidity ratio of the banking system made 74.5 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 percent (at the end of 2024 – 4.3 percent) and return on equity (ROE) made 22.1 percent (at the end of 2024 – 32.5 percent). 

The level of financial intermediation was as follows:  

- (assets / GDP) made 58.2 percent (at the end of 2024 – 53.5 percent); 

- (loans3 / GDP) made 24.7 percent (at the end of 2024 – 22.4 percent); 

- (deposits4 / GDP) made 43.1 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 8355.1 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.