Development trends of the banking sector
(as of October 31, 20251)
As of October 31, 2025 (hereinafter referred to as the reporting date), 21 commercial banks and 306 branches of the commercial banks operated in the Kyrgyz Republic. Six 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 26398.9 million year-to-date2.
Aggregate assets of the banking sector increased by 38 percent year-to-date and totaled KGS 1125.2 billion (at the end of 2024 – KGS 815.6 billion).
Volume of the credit portfolio3 of clients of the banking sector increased by 40.2 percent year-to-date and amounted to KGS 477.7 billion (at the end of 2024 – KGS 340.7 billion), including the sectors as follows:
- loans for industry amounted to KGS 10 billion (decreased by 28.8 percent);
- loans for agriculture amounted to KGS 54.5 billion (increased by 15 percent);
- loans for commerce amounted to KGS 110 billion (increased by 22.3 percent);
- loans for construction amounted to KGS 17.4 billion (increased by 28.1 percent);
- loans for mortgage amounted to KGS 52.6 billion (increased by 34.2 percent);
- consumer loans amounted to KGS 166.9 billion (increased by 68.2 percent);
- other loans amounted to KGS 66.3 billion (increased by 77.5 percent).
The volume of financing under the Islamic principles increased by 91.5 percent year-to-date and amounted to KGS 17.3 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 0.5 percent);
- financing of agriculture amounted to KGS 2.1 billion (increased by 59.5 percent);
- financing of commerce amounted to KGS 1.1 billion (increased by 13.9 percent);
- financing of construction amounted to KGS 0.8 billion (increased by 64.7 percent);
- financing of mortgage amounted to KGS 6.6 billion increased by 105.1 percent);
- consumer financing amounted to KGS 4.2 billion (increased by 161.9 percent);
- other purposes financing amounted to KGS 2 billion (increased by 97.9 percent).
The share of non-performing loans in the credit portfolio of the banking system made 10.8 percent or KGS 51.4 billion (at the end of 2024 – 10.8 percent, or KGS 36.6 billion). The volume of overdue loans increased by KGS 1.6 billion year-to-date, or 25.3 percent and amounted to KGS 8 billion or 1.7 percent of the credit portfolio of the banking system.
The volume of overdue of financing under the Islamic principles amounted to KGS 0.3 billion, or 1.7 percent of the total financing of the banking system, an decreased to KGS of 0.1 billion, or 18 percent, since the beginning of the year.
Total liabilities of the banking sector increased by 33.1 percent year-to-date and amounted to KGS 911.6 billion (at the end of 2024 – KGS 684.8 billion).
Aggregate deposit base of clients of the banking sector4 increased by 35 percent year-to-date and amounted to KGS 800 billion (at the end of 2024 – KGS 592.4 billion), including:
- deposits of the legal entities totaled KGS 350.9 billion (increased by 42.5 percent);
- deposits of the individuals totaled KGS 259 billion (increased by 24.7 percent);
- deposits of the authorities totaled KGS 88.8 billion (increased by 71.6 percent);
- deposits of the non-residents totaled KGS 91.2 billion (increased by 21 percent);
- deposits of other financial-credit organizations totaled KGS 10.1 billion (decreased by 11.2 percent).
The level of dollarization of the credit portfolio of the banking sector has decreased by 1.8 percent since the beginning of 2025 and made 18.2 percent. The level of dollarization of the deposit base of the banking sector decreased by 8.6 percentage points compared to the beginning of 2025 and made 34.3 percent.
The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 59.3 percent year-to-date and amounted to KGS 211.3 billion (at the end of 2024 – KGS 132.6 billion). The share of foreign participation in capital of the banking sector made 18.9 percent or KGS 26.4 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 28.3 percent (at the end of 2024 – 22 percent) with the standard of 12 percent, the leverage ratio of the banking sector made 15.3 percent (at the end of 2024 – 11.4 percent) with the standard of 6 percent.
The liquidity ratio of the banking system made 85.5 percent (at the end of 2024 – 73.1 percent) with the standard of 45 percent.
Return on assets of the banking sector (ROA) was 3.7 percent (at the end of 2024 – 4.3 percent) and return on equity (ROE) made 25.6 percent (at the end of 2024 – 32.5 percent).
The level of financial intermediation was as follows:
- (assets / GDP) made 63.4 percent (at the end of 2024 – 53.5 percent);
- (loans3 / GDP) made 26.9 percent (at the end of 2024 – 22.4 percent);
- (deposits4 / GDP) made 45.1 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 26046.4 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.