Assets of Kyrgyzstan’s banks grow by only 0.1 percent for year

09:30, 14 февраля 2017, Bishkek - 24.kg news agency , Tatyana KUDRYAVTSEVA

For the year, total assets of the banking sector of  increased by 0.1 percent and comprised 178.2 billion soms. These data are presented by the National Bank of the country.

It is noted that at the beginning of 2017, there were 25 commercial banks and 324 branches of commercial banks in the country. As a result, the deposit base increased by 5 percent and the loan portfolio, on the contrary, decreased by 0.5 percent.

The share of non-performing (problem) loans as of December 31, 2016 was 8.8 percent, or 8.2 billion soms. In 2015, the figure was lower — 7.1 percent, or 6.7 billion soms.