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Level of dollarization of loans amounts to 35.8 percent in Kyrgyzstan

Dollarization rate of the loan portfolio of commercial banks in Kyrgyzstan decreased by 2.1 percent and reached 35.8 percent since the beginning of 2019. The National Bank provided such data.

As of the beginning of the fourth quarter of 2019, the loan portfolio of banks grew by 11.7 percent and amounted to 142.8 billion soms. The volume of loans in national currency increased by 15.4 percent and reached 91.6 billion soms, in foreign currency — by 5.5 percent — up to 51.2 billion in som equivalent.

The National Bank noted that a high growth and increase in the volume of loans provided in national currency were registered in the sectors of trade and commercial operations, consumer loans and agriculture. As for loans in foreign currency, number of loans in trade and industry increased, while loans in construction and agriculture reduced.