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Development trends of the banking sector

(as of March 31, 2020) 

 

As of March 31, 2020, 23 commercial banks (including the branch of the National Bank of Pakistan in Bishkek city) and 323 branches of the commercial banks operated in the territory of the Kyrgyz Republic. 

Aggregate assets of the banking sector increased by 5.6 percent year-to-date and totaled KGS 263.0 billion (at the end of 2019 KGS 249.0 billion). 

Volume of the credit portfolio2 of the banking sector increased by 4.9 percent year-to-date and amounted to KGS 153.7 billion (at the end of 2019 KGS 146.4 billion), including the sectors as follows: 

• loans for industry amounted to KGS 12.6 billion (increase by 8.8 percent); 

• loans for agriculture amounted to KGS 27.6 billion (decrease by 0.4 percent); 

• loans for commerce amounted to KGS 40.5 billion (increase by 8.7 percent); 

• loans for construction activity amounted to KGS 13.8 billion (increase by 5.7 percent); 

• loans for mortgage amounted to KGS 15.9 billion (increase by 4.0 percent); 

• consumer loans amounted to KGS 17.1 billion (decrease by 1.0 percent); 

• other loans amounted to KGS 26.3 billion (increase by 8.2 percent). 

The share of non-performing loans in the credit portfolio of the banking system made 8.3 percent or KGS 12.8 billion (at the end of 2019 8.0 percent or KGS 11.7 billion).  

Total liabilities of the banking sector increased by 6.1 percent year-to-date and amounted to KGS 219.6 billion (at the end of 2019 KGS 206.9 billion). 

Aggregate deposit3 base of the banking sector increased by 7.0 percent year-to-date and amounted to KGS 161.5 billion (at the end of 2019 KGS 151.0 billion soms), including: 

• deposits of the legal entities totaled KGS 52.5 billion (increase by 10.6 percent); 

• deposits of the individuals totaled KGS 87.0 billion (increase by 3.8 percent); 

• deposits of the authorities totaled KGS 8.3 billion (increase by 19.9 percent); 

• deposits of the non-residents totaled KGS 11.6 billion (increase by 8.9 percent); 

• deposits of other financial-credit organizations totaled KGS 2.2 billion (increase by 2.5 percent). 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 3.0 percent year-to-date and amounted to KGS 44.9 billion (at the end of 2019 KGS 43.6 billion). The share of foreign contribution in capital of the banking system made 32.2 percent or KGS 9.3 billion of the paid up authorized capital of the banking sector. 

The total capital adequacy ratio of the banking system made 25.1 percent (at the end of 2019 24.0 percent) with the standard of 12.0 percent, the leverage ratio of the banking system made 17.0 percent (at the end of 2019 17.5 percent) with the standard of 8.0 percent. 

The liquidity ratio of the banking system made 67.0 percent (at the end of 2019 64.0 percent) with the standard of 45.0 percent.  

Return of assets of the banking sector (ROA) was 1.3 percent (at the end of 2019 1.2 percent), and return on equity (ROE) made 8.4 percent (at the end of 2019 7.7 percent). 

The total financial intervention (assets/GDP) made 44.2 percent (at the end of 2019 42.2 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.