Development trends of the banking sector
(as of September 30, 20251)
As of September 30, 2025 (hereinafter referred to as the reporting date), 21 commercial banks and 305 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 23 146.8 million year-to-date2.
Aggregate assets of the banking sector increased by 38 percent year-to-date and totaled KGS 1 125.8 billion (at the end of 2024 – KGS 815.6 billion).
Volume of the credit portfolio3 of clients of the banking sector increased by 35.2 percent year-to-date and amounted to KGS 460.6 billion (at the end of 2024 – KGS 340.7 billion), including the sectors as follows:
- loans for industry amounted to KGS 10.4 billion (decreased by 25.7 percent);
- loans for agriculture amounted to KGS 54 billion (increased by 14 percent);
- loans for commerce amounted to KGS 106.9 billion (increased by 18.9 percent);
- loans for construction amounted to KGS 16.8 billion (increased by 23.3 percent);
- loans for mortgage amounted to KGS 51 billion (increased by 30.1 percent);
- consumer loans amounted to KGS 159.5 billion (increased by 60.8 percent);
- other loans amounted to KGS 61.9 billion (increased by 65.8 percent).
The volume of financing under the Islamic principles increased by 82.4 percent year-to-date and amounted to KGS 16.5 billion (at the end of 2024 – KGS 9 billion), including the sectors as follows:
- financing of industry amounted to KGS 0.4 billion (increased by 29.4 percent);
- financing of agriculture amounted to KGS 2.1 billion (increased by 55 percent);
- financing of commerce amounted to KGS 1.2 billion (increased by 22.6 percent);
- financing of construction amounted to KGS 0.8 billion (increased by 66.5 percent);
- financing of mortgage amounted to KGS 6.2 billion increased by 91.7 percent);
- consumer financing amounted to KGS 4 billion (increased by 148.2 percent);
- other purposes financing amounted to KGS 1.7 billion (increased by 68.3 percent).
The share of non-performing loans in the credit portfolio of the banking system made 10.7 percent or KGS 49 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 25.8 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 1.8 percent of the total financing of the banking system, an decreased to KGS of 0.1 billion, or 17.5 percent, since the beginning of the year.
Total liabilities of the banking sector increased by 33.7 percent year-to-date and amounted to KGS 915.5 billion (at the end of 2024 – KGS 684.8 billion).
Aggregate deposit base of clients of the banking sector4 increased by 35.7 percent year-to-date and amounted to KGS 804.1 billion (at the end of 2024 – KGS 592.4 billion), including:
- deposits of the legal entities totaled KGS 351.7 billion (increased by 42.8 percent);
- deposits of the individuals totaled KGS 253.2 billion (increased by 21.9 percent);
- deposits of the authorities totaled KGS 96.3 billion (increased by 86.2 percent);
- deposits of the non-residents totaled KGS 90.6 billion (increased by 20.2 percent);
- deposits of other financial-credit organizations totaled KGS 12.3 billion (increased by 8 percent).
The level of dollarization of the credit portfolio of the banking sector has decreased by 2.3 percent since the beginning of 2025 and made 17.8 percent. The level of dollarization of the deposit base of the banking sector decreased by 7.9 percentage points compared to the beginning of 2025 and made 35 percent.
The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 57 percent year-to-date and amounted to KGS 208.2 billion (at the end of 2024 – KGS 132.6 billion). The share of foreign participation in capital of the banking sector made 16.4 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 28.4 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 82.8 percent (at the end of 2024 – 73.1 percent) with the standard of 45 percent.
Return on assets of the banking sector (ROA) was 3.4 percent (at the end of 2024 – 4.3 percent) and return on equity (ROE) made 23.7 percent (at the end of 2024 – 32.5 percent).
The level of financial intermediation was as follows:
- (assets / GDP) made 64.9 percent (at the end of 2024 – 53.5 percent);
- (loans3 / GDP) made 26.5 percent (at the end of 2024 – 22.4 percent);
- (deposits4 / GDP) made 46.3 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 24 115.9 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.