Development trends of the banking sector 

(as of April 30, 20241

As of April 30, 2024 (hereinafter referred to as the reporting date), 23 commercial banks and 316 branches of the commercial banks operated in the Kyrgyz Republic. 

The banking system received net profit in the amount of KGS 8355.1 million year-to-date2

Aggregate assets of the banking sector increased by 10.4 percent year-to-date and totaled KGS 678.2 billion (at the end of 2023 KGS 614.3 billion). 

Volume of the credit portfolio3 of clients of the banking sector increased by 4.3 percent year-to-date and amounted to KGS 268.9 billion (at the end of 2023 KGS 257.8 billion), including the sectors as follows: 

- loans for industry amounted to KGS 12.5 billion (decreased by 6.6 percent); 

- loans for agriculture amounted to KGS 44.4 billion (increased by 5.2 percent); 

- loans for commerce amounted to KGS 76 billion (increased by 2.6 percent); 

- loans for construction amounted to KGS 12 billion (increased by 0.8 percent); 

- loans for mortgage amounted to KGS 31.4 billion (increased by 4.8 percent); 

- consumer loans amounted to KGS 61.3 billion (increased by 9.9 percent); 

- other loans amounted to KGS 31.3 billion (increased by 2.9 percent). 

The share of non-performing loans in the credit portfolio of the banking system made 11.9 percent or KGS 32 billion (at the end of 2023 9.2 percent, or KGS 23.8 billion). The volume of overdue loans increased by KGS 0.6 billion year-to-date, or 9.8 percent and amounted to KGS 7 billion or 2.6 percent of the credit portfolio of the banking system. 

Total liabilities of the banking sector increased by 12.5 percent year-to-date and amounted to KGS 573.9 billion (at the end of 2023 KGS 510 billion). 

Aggregate deposit base of clients of the banking sector4 increased by 10.6 percent year-to-date and amounted to KGS 477.1 billion (at the end of 2023 KGS 431.3 billion), including: 

- deposits of the legal entities totaled KGS 178.2 billion (increased by 8.9 percent); 

- deposits of the individuals totaled KGS 176 billion (increased by 7.4 percent); 

- deposits of the authorities totaled KGS 52.4 billion (increased by 34.3 percent); 

- deposits of the non-residents totaled KGS 68.3 billion (increased by 9.8 percent); 

- deposits of other financial-credit organizations totaled KGS 2.2 billion (decreased by 16.7 percent). 

The level of dollarization of the credit portfolio of the banking sector has decreased by 0.4 percent since the beginning of 2024 and made 21.7 percent. The level of dollarization of the deposit base of the banking sector decreased by 1.5 percentage points compared to the beginning of 2024 and made 44.12 percent. 

The net total capital of the banking sector being applied to calculate the prudential standards set by the NBKR decreased by 0.5 percent year-to-date and amounted to KGS 105.7 billion (at the end of 2023 KGS 106.3 billion). The share of foreign participation in capital of the banking sector made 20.3 percent or KGS 12.4 billion of the paid-up authorized capital of the banking sector (at the end of 2023 20.3 percent or KGS 12.2 billion). 

The total capital adequacy ratio of the banking sector made 22.2 percent (at the end of 2023 24.8 percent) with the standard of 12 percent, the leverage ratio of the banking sector made 15.3 percent (at the end of 2023 12.4 percent) with the standard of 6 percent. 

The liquidity ratio of the banking system made 81.7 percent (at the end of 2023 77.4 percent) with the standard of 45 percent. 

Return on assets of the banking sector (ROA) was 3.9 percent (at the end of 2023 4.4 percent) and return on equity (ROE) made 25.8 percent (at the end of 2023 32.4 percent). 

The level of financial intermediation was as follows:  

- (assets / GDP) made 53.2 percent (at the end of 2023 50 percent); 

- (loans3 / GDP) made 21.1 percent (at the end of 2023 21 percent); 

- (deposits4 / GDP) made 37.5 percent (at the end of 2023 35.1 percent). 

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1 Preliminary data. 

2 For reference: in the same period of 2023, the amount of profit totaled KGS 7465.5 million. 

3 Excluding loans extended to the banks and other financial-credit organizations. 

4 Excluding monetary funds of the banks and other financial-credit organizations on the deposit and settlement accounts.