- From January to June 2025, the government allocated 98.8 billion soms for loans, with 34.5 billion of this amount going to women entrepreneurs, according to information from the National Statistical Committee. Analysis of previous years also shows a steady growth in the volume of government support:
- Starting from November 1, a self-restriction mechanism for obtaining loans has been implemented in Kyrgyzstan, providing citizens the opportunity to protect themselves from financial fraud. This service is available through the "Tündük" application. When the restriction is activated, if a user attempts to apply for a loan at a bank or online service, the system checks their data with credit bureaus and automatically blocks the issuance of the loan.
As of the end of the third quarter of 2025, data on the banking sector of Kyrgyzstan shows an impressive growth in the total volume of the deposit portfolio of commercial banks. Over the year, it increased by more than 50% and exceeded 800 billion soms. Leading banks in the country
- The National Bank of Kyrgyzstan is initiating a public discussion on a draft resolution that includes changes to regulatory acts concerning: the rules for regulating microfinance organizations, including those operating based on Islamic financial principles; the forms of periodic reporting for microfinance organizations (MFOs); the rules regarding the activities of guarantee funds. Key changes:
- As of September 30, 2025, the banking system of the country recorded a net profit of 23 billion 146.8 million soms. This data was provided by the National Bank. Comparison with the figures from August shows that the net profit increased by 14%.
- As of September 30, 2025, the total assets of the banking sector increased by 38%, reaching 1 trillion 125.8 billion soms, according to the National Bank. At the end of 2024, the assets amounted to 815.6 billion soms.
- In September 2025, more than half of the volume of bank loans in Kyrgyzstan was issued for a term exceeding 3 years, according to data from the National Bank of the Kyrgyz Republic. The share of loans with terms exceeding 3 years reached 52.5% of the total lending volume, while last year this figure was less than 30%.
According to information provided by the NBKR, in September 2025, the volume of consumer loans issued by commercial banks reached a record 22.3 billion soms. This figure became a new historical maximum, surpassing the previous record set in April when the amount was 21 billion soms. For the first nine months of the current year, the total volume of issued consumer loans amounts to 170.7 billion soms, reflecting an impressive growth of 91.1% compared to the same period last year.
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The National Bank of Kyrgyzstan, at its meeting on October 31, decided to approve the Regulation concerning the minimum requirements for fraud prevention systems in payment organizations and payment system operators. This document defines key processes and control mechanisms aimed at preventing fraudulent activities in the payment sector. The new rules will come into effect 15 days after their official publication, except for certain provisions that will take effect on March 1, 2026. The Legal
From November 3 to 7, 2025, the Financial Supervision Authority registered the following issues of securities: The fourth issue of ordinary registered shares was registered for OJSC "Kyrgyz Agroholding"; The twelfth issue of ordinary registered shares was registered for OJSC "National Electric Network of Kyrgyzstan"; JSC "Central Depository" successfully registered the tenth issue of ordinary registered shares; LLC "Alpha Oil" registered a report on the
- In the first ten months of 2025, the investment portfolio of the Deposit Protection Agency increased by 1.7267 billion soms, which corresponds to a growth of 25.3%, reaching 8.544 billion soms, according to information provided by the agency's press service. Investment activities were conducted in accordance with the established Investment Policy, taking into account all limits and coefficients.
- In an effort to strengthen the fight against fraudulent activities in the payment system, the National Bank issued a decree that was approved on October 31, 2025. This document establishes minimum requirements for anti-fraud systems for payment organizations and payment system operators of the Kyrgyz Republic, as reported by the regulator. The basis for the development of the document were Articles 5, 9, and 64 of the Constitutional Law "On the National Bank," as well as Article 26
- On October 29, 2025, the Board of the National Bank of Kyrgyzstan issued resolution No. 2025-П-14/57-2-(ПС), which updates the rules for conducting payments and transfers using QR codes, aimed at promoting cashless transactions. According to the specified document, participants in payment systems are now required to submit electronic reports to the NBKR no later than the 5th of the month following the reporting period:
- The President of Kyrgyzstan, Sadyr Japarov, has approved a law concerning amendments to certain legislative acts regulating banking relations. This law was adopted by the Jogorku Kenesh on September 25, 2025.
- At the auction on November 11, 2025, organized by the National Bank, the weighted average yield of 7-day notes was 3.45%. This information is available on the official website of the regulator.
- As a result of the analysis of the third quarter results of 2025, "Aiyl Bank," "Mbank," and "Eldik Bank" became the leaders in profitability in the banking sector of Kyrgyzstan. In total, the ranking includes 21 banks operating in the country's financial market as of the end of the III quarter of 2025.
- President Sadyr Japarov approved a new edition of the constitutional law "On the National Bank of the Kyrgyz Republic." Some provisions included in Law No. 74 dated April 16, 2025, will come into effect on January 1, 2027.
In Kyrgyzstan, there is a continuing increase in the volume of lending by commercial banks, according to information provided by the Eurasian Development Bank (EADB) in November 2025. From January to September 2025, lending increased by 43% year-on-year, exceeding the 35% growth in the same period last year. The greatest impact on this trend came from consumer loans, which contributed 30.7 percentage points. In January-August, the average interest rate on consumer loans was 21.5%, which is 2
- The scientific-practical conference "Financial Independence and Economic Security of the Kyrgyz Republic: Lessons from K.K. Nanaev," dedicated to the 80th anniversary of Kemelbek Nanaev, the first chairman of the National Bank, attracted the attention of many, including Adylbek Kasymaliev, the chairman of the Cabinet of Ministers and head of the president's administration. In his speech, Kasymaliev noted that Kemelbek Nanaev's contribution was key to forming the financial
- On the air, Rustam Sarybaev, head of the Academy of Sustainable Development at the Union of Banks, discussed common methods of fraud and recommendations for preventing them. According to the expert, the main schemes of fraud today include phishing (both SMS and internet scams), social engineering, and manipulation through phone calls. The increase in cashless payments and online transactions in the country contributes to the rise of such crimes.
- In a live broadcast, Anara Sabyrbek kyzy, the chief specialist of the financial literacy group at the National Bank, shared information about the most common schemes of financial fraud that citizens face. She noted that fraudsters typically do not resort to physical violence but act through psychological manipulation and technical tricks. Among the most frequently encountered schemes, she highlighted:
- At the auction held on November 4, 2025, the National Bank reported that the weighted average yield of 7-day notes was 3.45%. This information can be found on the official website of the regulator. Auction characteristics:
- The President of the Kyrgyz Republic, Sadyr Japarov, has approved the law "On Amendments to the Constitutional Law of the Kyrgyz Republic 'On the National Bank of the Kyrgyz Republic'." This law was approved by the Jogorku Kenesh on September 24, 2025.
The changes made affect subparagraph 2 of paragraph 7.8.2, which pertains to the regulation of microcredit companies and microcredit agencies. According to the new provisions, microloans and leasing exceeding the established maximum amount may be granted to a single borrower or a group of related parties in an amount not exceeding 2% of the capital of the microcredit agency (MCA). This is possible in the following cases:
- The National Bank of Kyrgyzstan approved new appointments at OJSC "Mbank" and CJSC "FINKA Bank" on October 30, 2025. At OJSC "Mbank," Omurzakova Asel Avazbekovna has been appointed as the deputy chief accountant.
The National Bank has announced the auction for the placement of notes with a seven-day maturity, which will take place on November 4, 2025. Auction details:
The Ministry of Finance has announced support for united producers. As of October 16, 2025, within the framework of the "Financing of United Producers" initiative, 13 entities have received preferential loans totaling 89.20 million soms.
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- According to data from the National Bank, the volume of cash issued by commercial banks in the III quarter of 2025 amounted to 1 trillion 504 billion 911 million soms. This is 66 billion 889.8 million soms higher than the figure for the III quarter of 2024, which corresponds to a growth of 4.7%.
- The head of state, Sadyr Japarov, gave an interview to the "Kabar" agency, in which he explained that the new "Berekett Bank" was founded by his younger son Nurdöölöt Nurgözhoev and former speaker of the Jogorku Kenesh Marat Sultanov. According to Japarov, the bank will be completely private and will have no relation to state structures, expecting multi-billion dollar investments thanks to cooperation with Changpeng Zhao, the founder of Binance.
- The results of the auction held on October 31, 2025, show that the yield on 3-year government bonds was 12.86%. This information is available on the National Bank's website. Auction parameters:
- In the third quarter of 2025, commercial banks in the republic recorded cash inflows of 1 trillion 486 billion 195.6 million soms. This data is provided by the National Bank. Comparing to the same period in 2024, the inflows increased by 63 billion 799.9 million soms, which corresponds to an increase of 4.5%.
As of October 1, 2025, the total amount of money in circulation reached 290 billion 191.1 million soms, according to data provided by the National Bank. Of this amount, 26 billion 648.6 million soms are held in the cash reserves of commercial banks, while the remaining 263 billion 542.5 million soms are located outside the banking system.
- The law "On Amendments to Certain Legislative Acts of the Kyrgyz Republic on Banking Legal Relations" was signed by Sadyr Japarov. This law was approved by the Jogorku Kenesh on September 25, 2025.
- The self-ban on credit can only be lifted after 12 hours. This statement was made by the Minister of Digital Development and Innovative Technologies of Kyrgyzstan, Azamat Jamangulov, during a press conference held at the National Bank of the Kyrgyz Republic. According to him, this 12-hour time frame serves as a kind of "cooling-off period," which is also aimed at protecting against fraudulent actions.
On October 30, in Bishkek, during a press conference, Deputy Chairman of the Board of the NBKR Bektur Aliyev announced the support of commercial banks for the introduction of a self-ban mechanism on obtaining loans for citizens. According to Aliyev, this step is aimed at providing additional protection against risks, including financial ones, that may arise as a result of fraudulent actions. He noted that in the past there have been cases where loans were issued to individuals who were unable
Starting from November 1, 2025, citizens will be able to use the self-restriction function on obtaining loans. This was announced at a press conference on October 30 by the Deputy Chairman of the National Bank of the Kyrgyz Republic, Bektur Aliev. The activation of this self-restriction will be carried out through the Tunduk application, and its removal will only be possible 12 hours after activation.
At a press conference on October 29, Deputy Chairman of the National Bank Azat Kozubekov stated that in the coming months, inflation in Kyrgyzstan will be influenced by external factors. Kozubekov emphasized that the current state of the global economy remains uncertain, especially considering fluctuations in energy resource prices, including fuels and lubricants, as well as food prices.
- The National Bank of Kyrgyzstan, according to resolution No. 2025-P-12/55-3-(NPA) dated October 23, 2025, has made changes to 12 regulatory documents of its regulation. These measures aim to align banking legislation with the Law of the Kyrgyz Republic on credit information, as well as to introduce a self-ban on loans.
- During a press conference held on October 29, 2025, in Bishkek, the Deputy Chairman of the National Bank, Azat Kozubekov, announced that the possibility of simplifying the sales process is being considered. He noted that, despite this, when carrying out financial operations, the central bank must adhere to mandatory requirements in the area of AML/CFT. (anti-money laundering and counter-terrorism financing, as well as the conduct of operations that have signs of suspicious activities -
- As of the end of August 2025, the volume of bank lending in Kyrgyzstan exceeded 447 billion soms, which represents an increase of more than 30%. This information was announced on October 29, 2025, by the Deputy Chairman of the National Bank, Azat Kozubekov, at a press conference in Bishkek. Kozubekov also noted that the deposit base of banks increased by more than 25% during the same period, reaching 741 billion soms.
- In accordance with this document, the National Bank of the Kyrgyz Republic has established maximum volumes of collateral in the form of claims on loans that commercial banks can use in the regulator's credit auctions. According to this resolution, claims on loans may amount to:
- During his visit to the numismatic museum of the new administrative building of the National Bank of the Kyrgyz Republic, President Sadyr Japarov was informed that the issuance of new banknotes in denominations of 20 and 50 soms will begin on November 17. In addition, the National Bank plans to introduce banknotes in denominations ranging from 100 to 5000 soms in the first half of 2026. The President participated in the ceremonial opening of the new building of the National Bank in Bishkek,
- On this day, Sadyr Japarov participated in the ceremonial opening of the new NBKR complex. The building includes ten different blocks, as well as a specialized storage facility for gold with a capacity of up to 1000 tons, a library, and a history museum.
On October 28, the solemn opening of the new building of the National Bank of the Kyrgyz Republic took place in Bishkek, attended by President Sadyr Japarov. Now the National Bank is located at: Kalyk Akiev Street, 89. The construction of the building took two years, and its area is 22,240 square meters. The complex consists of ten different blocks and is designed to accommodate 300 employees.
On October 28, a ceremonial opening of the new building of the National Bank of the Kyrgyz Republic took place in Bishkek, attended by President Sadyr Japarov. The Deputy Chairman of the NBKR, Melis Attokurov, addressed the press representatives and explained why there was a need to construct a new office complex for the regulator.
- During the event, the president symbolically cut the ribbon, after which he familiarized himself with the new infrastructure of the administrative building. The head of state explored various rooms, including offices, an assembly hall, a museum, and other service areas. It is worth noting that the construction of this facility had been halted for nearly 30 years. However, the work on the new building of the National Bank was resumed after President Japarov visited it in 2023.