Banks in Kyrgyzstan

Main article: Economy of Kyrgyzstan

Chronicle

2024:10 largest banks in Kyrgyzstan

As of January 1, 2024, 23 commercial banks and 319 branches of commercial banks operated in Kyrgyzstan, including. 10 credit institutions with foreign participation in the capital (in all cases, the share of foreign participation is more than 50%) and five banks in state ownership. All banks of the republic by type of activity are universal.   TAdviser got acquainted with such data from the Expert PA rating agency in March 2025.

By the end of 2024, the total assets of banks in Kyrgyzstan reached 815.7 billion soms ($9.26 billion), an increase of 32.8% since the beginning of the year. The banks' loan portfolio also showed growth, increasing by 32.2% and amounting to 340.7 billion soms ($3.87 billion).

The volume of deposits increased by 37.3%, reaching 592.4 billion soms ($6.73 billion), which indicates an increase in public confidence in the banking system, analysts say. Deposits of legal entities amounted to 246.3 billion soms ($2.80 billion), an increase of 50.5%, and deposits of individuals reached 207.7 billion soms ($2.36 billion), showing an increase of 26.7%. At the same time, authorities deposits increased by 32.5%, to 51.7 billion soms ($0.59 billion), and non-resident deposits increased by 21.1% and amounted to 75.4 billion soms ($0.86 billion).

The indicator of net total capital of the banking sector, used to calculate the economic standards established by the National Bank, amounted to 132.6 billion soms ($1.51 billion) and increased since the beginning of the year by 24.8% compared to 106.3 billion soms ($1.21 billion) at the end of 2023. The share of foreign participation in the capital of the banking sector reached 28.0%, or 21.6 billion soms ($245 million), which is higher than the level of the end of 2023, when this figure was 20.3%, or 12.2 billion soms ($139 million), from the paid authorized capital of the banking sector.^[1]

Notes