Kyrgyzstanis Prefer to Keep Savings in Som

Ирина Орлонская Economy / Exclusive
VK X OK WhatsApp Telegram

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.
VK X OK WhatsApp Telegram

Read also:

Write a comment: