Development trends of the banking sector 

(as of November 30, 20251) 

As of November 30, 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 29973 million year-to-date2. 

Aggregate assets of the banking sector increased by 44.9 percent year-to-date and totaled KGS 1181.8 billion (at the end of 2024 – KGS 815.6 billion). 

Volume of the credit portfolio3 of clients of the banking sector increased by 43.6 percent year-to-date and amounted to KGS 489.3 billion (at the end of 2024 – KGS 340.7 billion), including the sectors as follows: 

- loans for industry amounted to KGS 10.2 billion (decreased by 27.3 percent); 

- loans for agriculture amounted to KGS 54.5 billion (increased by 15 percent); 

- loans for commerce amounted to KGS 112.5 billion (increased by 25.1 percent); 

- loans for construction amounted to KGS 18.1 billion (increased by 33 percent); 

- loans for mortgage amounted to KGS 54.2 billion (increased by 38.4 percent); 

- consumer loans amounted to KGS 172.5 billion (increased by 73.9 percent); 

- other loans amounted to KGS 67.3 billion (increased by 80 percent). 

The volume of financing under the Islamic principles increased by 100.8 percent year-to-date and amounted to KGS 18.1 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 22.1 percent); 

- financing of agriculture amounted to KGS 2.2 billion (increased by 61.9 percent); 

- financing of commerce amounted to KGS 1.3 billion (increased by 28.9 percent); 

- financing of construction amounted to KGS 0.9 billion (increased by 67.3 percent); 

- financing of mortgage amounted to KGS 7.1 billion (increased by 120.4 percent);  

- consumer financing amounted to KGS 4.3 billion (increased by 166.7 percent);  

- other purposes financing amounted to KGS 2 billion (increased by 98.2 percent).  

The share of non-performing loans in the credit portfolio of the banking system made 10.7 percent or KGS 52.2 billion (at the end of 2024 – 10.8 percent, or KGS 36.6 billion). The volume of overdue loans increased by KGS 1.9 billion year-to-date, or 29.4 percent and amounted to KGS 8.3 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 17.5 percent, since the beginning of the year. 

Total liabilities of the banking sector increased by 40.8 percent year-to-date and amounted to KGS 964.3 billion (at the end of 2024 – KGS 684.8 billion). 

Aggregate deposit base of clients of the banking sector4 increased by 38.8 percent year-to-date and amounted to KGS 822.4 billion (at the end of 2024 – KGS 592.4 billion), including: 

- deposits of the legal entities totaled KGS 369.8 billion (increased by 50.2 percent); 

- deposits of the individuals totaled KGS 261.7 billion (increased by 26 percent); 

- deposits of the authorities totaled KGS 87.3 billion (increased by 68.8 percent); 

- deposits of the non-residents totaled KGS 94.0 billion (increased by 24.7 percent); 

- deposits of other financial-credit organizations totaled KGS 9.6 billion (decreased by 15.9 percent). 

The level of dollarization of the credit portfolio of the banking sector has decreased by 2 percent since the beginning of 2025 and made 18.1 percent. The level of dollarization of the deposit base of the banking sector decreased by 10.5 percentage points compared to the beginning of 2025 and made 32.52 percent. 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR increased by 60.6 percent year-to-date and amounted to KGS 212.9 billion (at the end of 2024 – KGS 132.6 billion). The share of foreign participation in capital of the banking sector made 16.5 percent or KGS 26.7 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 27.7 percent (at the end of 2024 – 22 percent) with the standard of 12 percent, the leverage ratio of the banking sector made 14.4 percent (at the end of 2024 – 11.4 percent) with the standard of 6 percent. 

The liquidity ratio of the banking system made 86.1 percent (at the end of 2024 – 73.1 percent) with the standard of 45 percent. 

Return on assets of the banking sector (ROA) was 4.1 percent (at the end of 2024 – 4.3 percent) and return on equity (ROE) made 27.7 percent (at the end of 2024 – 32.5 percent). 

The level of financial intermediation was as follows:  

- (assets / GDP) made 64.4 percent (at the end of 2024 – 53.5 percent); 

- (loans3 / GDP) made 26.7 percent (at the end of 2024 – 22.4 percent); 

- (deposits4 / GDP) made 44.8 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 28160.9 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.