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Development trends of the banking sector 

(as of December 31, 20201

 

As of December 31, 2020, 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 16.3 percent year-to-date and totaled KGS 289.5 billion (at the end of 2019 KGS 249.0 billion). 

Volume of the credit portfolio2 of clients of the banking sector increased by 11.0 percent year-to-date and amounted to KGS 162.6 billion (at the end of 2019 KGS 146.4 billion), including the sectors as follows: 

- loans for industry amounted to KGS 14.1 billion (increase by 21.0 percent); 

- loans for agriculture amounted to KGS 30.5 billion (increase by 10.1 percent); 

- loans for commerce amounted to KGS 41.7 billion (increase by 12.1 percent); 

- loans for construction activity amounted to KGS 13.7 billion (increase by 5.3 percent); 

- loans for mortgage amounted to KGS 17.3 billion (increase by 12.8 percent); 

- consumer loans amounted to KGS 17.4 billion (increase by 0.8 percent); 

- other loans amounted to KGS 27.9 billion (increase by 14.8 percent). 

The share of non-performing loans in the credit portfolio of the banking system made 10.5 percent or KGS 17.0 billion (at the end of 2019 8.0 percent or KGS 11.7 billion).  

Total liabilities of the banking sector increased by 17.7 percent year-to-date and amounted to KGS 243.5 billion (at the end of 2019 KGS 206.9 billion). 

Aggregate deposit3 base of clients of the banking sector increased by 19.9 percent year-to-date and amounted to KGS 180.9 billion (at the end of 2019 KGS 151.0 billion), including: 

- deposits of the legal entities totaled KGS 60.5 billion (increase by 27.7 percent); 

- deposits of the individuals totaled KGS 96.8 billion (increase by 15.4 percent); 

- deposits of the authorities totaled KGS 9.2 billion (increase by 32.7 percent); 

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

- deposits of other financial-credit organizations totaled KGS 2.8 billion (increase by 32.1 percent). 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 7.7 percent year-to-date and amounted to KGS 47.0 billion (at the end of 2019 KGS 43.6 billion). The share of foreign contribution in capital of the banking system made 30.0 percent or KGS 9.4 billion of the paid up authorized capital of the banking sector (at the end of 2019 31.9 percent or KGS 9.1 billion). 

The total capital adequacy ratio of the banking system made 24.9 percent (at the end of 2019 24.1 percent) with the standard of 12.0 percent, the leverage ratio of the banking system made 16.2 percent (at the end of 2019 17.5 percent) with the standard of 8.0 percent. 

The liquidity ratio of the banking system made 64.9 percent (at the end of 2019 64.0 percent) with the standard of 30.0 percent.  

Return of assets of the banking sector (ROA) was 0.9 percent (at the end of 2019 1.2 percent), and return on equity (ROE) made 5.6 percent (at the end of 2019 7.7 percent). 

The total financial intermediation (assets/GDP) made 48.4 percent (at the end of 2019 40.2 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.