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  • NBKR: “Assets of commercial banks in March 2020 amounted to 263 billion KGS”

    Assets of commercial banks in March 2020 amounted to 263 billion KGS. Such data is presented in the consolidated regulatory report of commercial banks of the Kyrgyz Republic. The report is published by the National Bank of the Kyrgyz Republic.

    In February, the assets of commercial banks amounted to 250.6 billion KGS, in January 250.7 billion KGS.

      2020  
    Consolidated regulatory report of commercial banks of the Kyrgyz Republic, million KGS 01 02 03
    ASSETS
    Cash 17 488,4 17 198,5 17 442,2
    Correspondent account in the NBKR 12 341,1 13 380,4 13 057,5
    Correspondent accounts in other banks 9 870,2 10 964,3 15 456,7
    Deposits in other banks 14 428,9 16 094,6 18 649,5
    Securities portfolio 26 656,6 26 943,9 20 935,8
    Securities purchased under repurchase agreements 368,3 290,2 442,8
    “Net” loans and finance leases 136 498,4 136 186,3 143 255,6
    Loans and finance leases to financial institutions/1 1 776,1 1 750,7 1 755,5
    Loans and finance leases to customers/2 145 780,9 145 305,3 153 748,7
    (minus) Special loan loss and finance lease payments -11 058,6 -10 869,7 -12 248,5
    Fixed assets 13 852,3 14 476,9 14 673,1
    Investments and financial participation 407,9 413,8 479,2
    Other assets 18 807,2 14 711,3 18 654,7
    TOTAL: ASSETS 250 719,2 250 660,2 263 047,0

     

    Note: Until 2012, a different report structure was applied, published in editions of the NBKR Bulletin until 2012.

    1/ include loans to banks and other financial and credit institutions to residents and non-residents.

    2/ include loans to legal entities and individuals to residents and non-residents.

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    EEC Minister A. Kishkembaev: The Commission and the government of the EAEU countries have developed documents on agreed measures to support entrepreneurs during pandemic

    EEC Minister A. Kishkembaev: The Commission and the government of the EAEU countries have developed documents on agreed measures to support entrepreneurs during pandemic

    At the VIII International Scientific Congress “Transformation of Entrepreneurship: New Technologies, Efficiency, Prospects” in Moscow, the head of the Secretariat of the member of the Board (Minister) for Economics and Financial Policy of the Eurasian Economic Commission, Askar Kishkembaev spoke about measures taken within the Union to ensure economic stability in the context of the increase of coronavirus infection pandemic, focusing on the adopted acts of the Union and Member States on this issue. Such information was posted on the ECE website on May 25.

    “The decisions taken will not only help stabilize the economic situation in the EAEU, but will also play an important role for the population of the Union countries,” A. Kishkembaev emphasized.

    The representative of the Commission also said that “in the conditions of countries introducing temporary restrictions, citizens who are in labor migration are in the category of the most vulnerable layers of the population. In this regard, the Commission, together with the countries of the Union, are developing measures for cooperation between the parties in field of healthcare and combating the spread of infectious diseases, which are planned to be implemented as part of the Strategic Directions for the Development of Eurasian Economic Integration until 2025. In addition, it is planned to discuss with the parties the creation of a system of social and medical support for citizens in a pandemic.”

    Kishkembaev also noted the study of the issue of strengthening the role of the Eurasian Development Bank and the Eurasian stabilization and development fund in the development and implementation of urgent anti-crisis and stabilization measures aimed at ensuring economic stability and financial support for business within the Union during the pandemic.

    The Commission, together with interested government bodies of the Union countries, is working on the search and refinement of approaches to regulating issues in the field of Internet commerce. “This new segment of foreign trade needs a new, comprehensive legal regulation,” A. Kishkembaev said.

    In conclusion, A. Kishkembaev informed the participants of the scientific congress about the online course on Eurasian integration, which the Commission plans to launch this summer.

    The Scientific Congress is organized by the Financial University under the Government of the Russian Federation. It was attended by Russian and foreign scientists, representatives of the business community, state authorities and municipal governments, public organizations.

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