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Development trends of the banking sector 

(as of September 30, 20211

 

As of September 30, 2021, 23 commercial banks (including the branch of the National Bank of Pakistan in Bishkek city) and 310 branches of the commercial banks operated in the territory of the Kyrgyz Republic. 

Aggregate assets of the banking sector increased by 12.2 percent year-to-date and totaled KGS 324.7 billion (at the end of 2020 KGS 289.3 billion). 

Volume of the credit portfolio2 of clients of the banking sector increased by 8.1 percent year-to-date and amounted to KGS 175.6 billion (at the end of 2020 KGS 162.6 billion), including the sectors as follows: 

- loans for industry amounted to KGS 13.5 billion (decrease by 3.8 percent); 

- loans for agriculture amounted to KGS 34.0 billion (increase by 11.5 percent); 

- loans for commerce amounted to KGS 47.7 billion (increase by 14.2 percent); 

- loans for construction activity amounted to KGS 13.7 billion (decrease by 0.2 percent); 

- loans for mortgage amounted to KGS 18.4 billion (increase by 6.5 percent); 

- consumer loans amounted to KGS 20.9 billion (increase by 20.1 percent); 

- other loans amounted to KGS 27.5 billion (decrease by 1.3 percent). 

The share of non-performing loans in the credit portfolio of the banking system made 12.0 percent or KGS 20.9 billion (at the end of 2020 10.5 percent or KGS 17.0 billion).  

Total liabilities of the banking sector increased by 12.6 percent year-to-date and amounted to KGS 274.2 billion (at the end of 2020 KGS 243.5 billion). 

Aggregate deposit3 base of clients of the banking sector increased by 17.1 percent year-to-date and amounted to KGS 211.8 billion (at the end of 2020 KGS 180.9 billion), including: 

- deposits of the legal entities totaled KGS 78.7 billion (increase by 30.0 percent); 

- deposits of the individuals totaled KGS 106.4 billion (increase by 10.0 percent); 

- deposits of the authorities totaled KGS 11.5 billion (increase by 25.4 percent); 

- deposits of the non-residents totaled KGS 13.3 billion (increase by 14.7 percent); 

- deposits of other financial-credit organizations totaled KGS 1.8 billion (decrease by 35.0 percent). 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 9.4 percent year-to-date and amounted to KGS 51.4 billion (at the end of 2020 KGS 47.0 billion). The share of foreign contribution in capital of the banking system made 29.9 percent or KGS 10.8 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 22.3 percent (at the end of 2020 24.9 percent) with the standard of 12.0 percent, the leverage ratio of the banking system made 15.9 percent (at the end of 2020 16.2 percent) with the standard of 8.0 percent. 

The liquidity ratio of the banking system made 65.1 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 1.1 percent (at the end of 2020 0.9 percent), and return on equity (ROE) made 7.6 percent (at the end of 2020 5.5 percent).  

The total financial intermediation (assets/GDP) made 48.5 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.