08:23
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Finances

Kyrgyzstan’s banks assets grow to 179.3 bln soms for year

The assets of 25 commercial banks of Kyrgyzstan grew by 0.7 percent - up to 179.3 billion soms in 2016. The Minister of Economy Arzybek Kozhoshev said today at a government meeting.

The deposit base of the banking sector is 104.8 billion soms (4.6 percent growth). The level of dollarization of deposits has decreased from 65.2 to 52.9 percent. Volume of the loan portfolio amounted to 92.2 billion soms, having decreased by 1.8 percent over the year.

The level of dollarization of loans in Kyrgyzstan decreased from 55.1 to 44.1 percent.

Net capital of commercial banks of the Kyrgyz Republic grew by six percent - up to 29.2 billion soms in 2016.