Development trends of the banking sector 

(as of March 31, 20251) 

As of March 31, 2025 (hereinafter referred to as the reporting date), 21 commercial banks and 305 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 6504.8 million year-to-date2. 

Aggregate assets of the banking sector increased by 11.9 percent year-to-date and totaled KGS 912.9 billion (at the end of 2024 – KGS 815.7 billion). 

Volume of the credit portfolio3 of clients of the banking sector increased by 9 percent year-to-date and amounted to KGS 371.5 billion (at the end of 2024 – KGS 340.7 billion), including the sectors as follows: 

- loans for industry amounted to KGS 13.6 billion (decreased by 2.9 percent); 

- loans for agriculture amounted to KGS 48.5 billion (increased by 2.4 percent); 

- loans for commerce amounted to KGS 96.8 billion (increased by 7.6 percent); 

- loans for construction amounted to KGS 13.4 billion (decreased by 1.3 percent); 

- loans for mortgage amounted to KGS 42.4 billion (increased by 8.3 percent); 

- consumer loans amounted to KGS 115.4 billion (increased by 16.3 percent); 

- other loans amounted to KGS 41.3 billion (increased by 10.6 percent). 

The volume of financing under the Islamic principles increased by 19.3 percent year-to-date and amounted to KGS 10.8 billion (at the end of 2024 – KGS 9 billion), including the sectors as follows: 

- financing of industry amounted to KGS 0.3 billion (increased by 1.7 percent); 

- financing of agriculture amounted to KGS 1.5 billion (increased by 12.2 percent); 

- financing of commerce amounted to KGS 1.1 billion (increased by 13.9 percent); 

- financing of construction amounted to KGS 0.5 billion (decreased by 5 percent); 

- financing of mortgage amounted to KGS 4 billion increased by 22.7 percent);  

- consumer financing amounted to KGS 2.1 billion (increased by 30.8 percent);  

- other purposes financing amounted to KGS 1.3 billion (increased by 22.5 percent).  

The share of non-performing loans in the credit portfolio of the banking system made 10.7 percent or KGS 39.6 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 percent and amounted to KGS 7 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 0.4 billion, or 3.3 percent of the total financing of the banking system, an decreased to KGS of 0.02 billion, or 4.6 percent, since the beginning of the year. 

Total liabilities of the banking sector increased by 13.5 percent year-to-date and amounted to KGS 777 billion (at the end of 2024 – KGS 684.9 billion). 

Aggregate deposit base of clients of the banking sector4 increased by 12.9 percent year-to-date and amounted to KGS 668.6 billion (at the end of 2024 – KGS 592.4 billion), including: 

- deposits of the legal entities totaled KGS 291.7 billion (increased by 18.5 percent); 

- deposits of the individuals totaled KGS 218.3 billion (increased by 5.1 percent); 

- deposits of the authorities totaled KGS 65.7 billion (increased by 27 percent); 

- deposits of the non-residents totaled KGS 80 billion (increased by 6.1 percent); 

- deposits of other financial-credit organizations totaled KGS 13 billion (increased by 13.6 percent). 

The level of dollarization of the credit portfolio of the banking sector has decreased by 0.9 percent since the beginning of 2025 and made 19.1 percent. The level of dollarization of the deposit base of the banking sector decreased by 5.5 percentage points compared to the beginning of 2025 and made 37.42 percent. 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 4 percent year-to-date and amounted to KGS 137.9 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 21.7 percent (at the end of 2024 – 22 percent) with the standard of 12 percent, the leverage ratio of the banking sector made 13.4 percent (at the end of 2024 – 11.4 percent) with the standard of 6 percent. 

The liquidity ratio of the banking system made 75.2 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 21.5 percent (at the end of 2024 – 32.5 percent). 

The level of financial intermediation was as follows:  

- (assets / GDP) made 57.6 percent (at the end of 2024 – 53.5 percent); 

- (loans3 / GDP) made 23.5 percent (at the end of 2024 – 22.4 percent); 

- (deposits4 / GDP) made 42.2 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 6121.3 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.