Kyrgyzstan's National Bank Earns Nearly 58 Billion Soms Since Start of 2026

Kyrgyzstan's National Bank Earns Nearly 58 Billion Soms Since Start of 2026
Photo: Economist.kg

The National Bank of Kyrgyzstan earned 57.84 billion soms in profit in January–September 2026, according to its financial report published on October 16. That is 24.59 billion soms, or nearly 74%, more than in the same period of 2025. Over the same period, the regulator's total assets rose to 860.09 billion soms.

Monetary gold accounts for the largest share of the bank's assets, with its book value rising from 437.7 billion to 558.79 billion soms, or nearly 65% of all assets. Meanwhile, debt securities issued by the National Bank grew from 14.45 billion to 73.49 billion soms, more than fivefold.

Total capital, however, fell from 227.94 billion to 203.07 billion soms, a decline of about 10.9%. Deputy Finance Minister Umutjan Amanbayev attributed the rise in profit to gold and foreign currency operations, but said the National Bank's main task remains price stability rather than making profit. Under a February 2026 constitutional law, 100% of the bank's 2025 profit, 60.73 billion soms, was transferred to the state budget.

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This story was automatically summarised and translated from Economist.kg. All rights to the story belong to its source.

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