At a press conference held in the fall of 2025, the head of the banking supervision department of the NBKR, Elizama Japarova, announced changes to the legislation, among which the adoption of the consumer lending law was significant.
She emphasized that consumer loans make up the bulk of the loan portfolio.
“We are closely monitoring interest rates; however, it should be noted that their level also depends on the resources that financial and credit institutions attract, including funds from international donors and organizations in foreign currency. All these factors significantly influence the formation of rates,” Japarova noted.
According to her, as part of the new law, which was adopted by the Jogorku Kenesh, a number of measures are currently being implemented to amend regulatory legal acts, including issues of antitrust regulation and pricing.
“Today, the supervisory function of the National Bank is focused on controlling the pricing policy of all financial and credit institutions, and we are actively working in this direction. We are observing certain trends towards lowering interest rates on some types of loans,” she added.
