The average interest rate on consumer loans in October fell to a three-year low

Ирэн Орлонская Banknotes
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- In October of this year, the weighted average interest rate on new consumer loans issued by commercial banks of the Kyrgyz Republic fell to its lowest level in three years, as reported by the NBKR.

This rate applies exclusively to new loans issued during the month, rather than to the overall loan portfolio.

Currently, the interest rate stands at 20.22%. Previously, in March 2023, a lower value was observed.

The volume of consumer loans issued in October decreased for the first time since July compared to the previous month, amounting to 21.3 billion soms, while in September it reached 22.3 billion. Last year, the situation was the opposite: in October, the volume of loans was 14.6 billion, while in September it was 12.3 billion.
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