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The situation in the financial sector in the post-Soviet area, including Kyrgyzstan, is becoming increasingly tense. There is a paradigm shift, which is associated with changing standards in the global economy and financial system. Those systems that were previously built on the principles of the free movement of goods and money flows have faced the consequences of secondary sanctions that restric

Experts have discussed trends and prospects of the banking system of Kyrgyzstan and Central Asian countries under secondary sanctions at a round table organised by the ‘Oi Ordo’ Centre for Expert Initiatives in Bishkek. The debate touched upon many key issues related to the current state of the country's financial system. The experts dwelt separately on the National Bank's role.

The Kyrgyz banking sector continues to grow steadily. As of 31 August, 21 commercial banks and 305 branches operate in the country. Bank assets have increased, and there is also an increase in lending, with dollarisation declining. Financing under Islamic principles is also demonstrating positive dynamics.

Foreign depositors are trusting the banking system of Kyrgyzstan more and more, increasing the volume of their deposits every month. For instance, they deposited 77% more in domestic banks in 2024 than in 2023. Moreover, both deposits in USD and KGS (22% over the year) are growing.

Kyrgyzstan initiated the Eurasian Regional Partnership on Sustainability Reporting and Sustainable Development Goals (SDGs) within the 40th Session of the Intergovernmental Working Group on International Standards of Accounting and Reporting (ISAR) under the UN. The main reason for the initiative was the country's active participation in the implementation of UNCTAD's projects on sustainable devel

The BRICS member states have officially announced the creation of their financial system similar to the SWIFT international financial messaging system. The move could be a turning point in the global financial architecture, offering an alternative to the dominant Western financial instruments.

In today's world, buying a car has become an integral part of many people's lives. However, when it comes to a purchase financing, the question arises: what to choose - leasing or car loan? Both options have advantages and disadvantages and the choice depends on many factors.

The Council of the Russian-Kyrgyz Development Fund summarized the results of 2023 and the first half of 2024 and approved key strategic decisions. The RKDF financed a record number of projects worth $160 million in 2023, and in the first nine months of 2024 invested more than $100 million in the Kyrgyz economy. By the end of the year, it is planned to increase this amount to $140 million.