The National Bank of the country and 23 commercial banks operate in the banking system of Kyrgyzstan, 14 of which are with the participation of foreign capital. There are 326 branches in the regions of Kyrgyzstan. The number of employees employed in the banking segment is about 18.5 thousand people, and the number of bank customer accounts is more than 8 million, the National Statistical Committee of Kyrgyzstan said in a statement.
The average monthly salary of employees in the field of financial intermediation in 2022 amounted to 50.3 thousand soms, an increase of 21% compared to the previous year.
In 2022, the banking sector’s income reached almost 93 billion soms, having increased by 1.7 times compared to the previous year, while expenses for this period amounted to 57.8 billion soms, which is 1.6 times more.
At the end of 2022, the National Bank of Kyrgyzstan and 22 commercial banks made a profit, and only one bank ended the year with a loss. The balanced financial result was positive and amounted to about 35 billion soms of profit, 2 times higher than in 2022.
The total assets of the banking sector of the economy at the end of 2022 amounted to 877.2 billion soms, having increased by 30.4% over the year. About 55% of the value of assets is formed by commercial banks, and 45% is accounted for by the National Bank of the country. The return on assets of the banking sector in 2022 amounted to 4.5%.
On May 10, 2023, Kyrgyzstan celebrates the 30th anniversary of the national currency and the Banker's Day. It was on this day, in 1993, that the National Bank of Kyrgyzstan introduced the first national currency into circulation, and subsequently, this day was established as a professional holiday for banking system workers.
At this moment, the currency of Kyrgyzstan is the most stable in Central Asia. $1 = 87.4 Kyrgyz soms.
The GDP of Kyrgyzstan in the first quarter of 202a amounted to $10.2 billion.
CentralasianLIGHT.org
May 10, 2023