Kyrgyzstanis Prefer to Keep Savings in Som
According to information provided by Aida Karabaeva, the official representative of the National Bank of Kyrgyzstan, the banks' loan portfolio has reached 460 billion soms, which corresponds to a growth of 35%. This data was announced on the air of Birinchi Radio.
Karabaeva also noted that the deposit portfolio shows a similar trend, having increased by 35% to 804 billion soms. The largest share of deposits and loans is in the national currency.
In recent years, there has been a significant decrease in dollarization in the banking sector. If in 2022 the share of loans in foreign currency was 22%, it has now decreased to 18%. A similar situation is observed with dollar deposits, which have decreased from 45% to 34% over the same period.
The representative of the National Bank emphasized that this dynamic indicates a growing trust from both the population and businesses towards the som and the banking system as a whole.
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