He noted that work is currently underway to improve the accessibility, speed, and security of financial services for citizens.
According to Medet Tairov, this system will allow for instant transfers between the accounts of clients serviced by different banks. The pilot project will be launched in the current quarter.
Furthermore, the presented report indicates the stability of Kyrgyzstan's banking sector against the backdrop of a growing economy, which Tairov also mentioned.
To date, there are 24 commercial banks operating in the country, and the assets of the banking system exceed 1.2 trillion soms. The loan portfolio amounts to over 500 billion soms, and the deposit base continues to grow, indicating trust from the population and businesses.
“We strive to maintain a balance between stimulating innovation and ensuring the stability of the financial system. This allows banks to effectively respond to external challenges,” he added.
Medet Tairov also emphasized that the ELQR technology has been implemented in Kyrgyzstan, representing a unified national standard for QR payments with full cross-platform compatibility. This will enable payments through any banking application, regardless of the bank or type of electronic wallet.
