Published
06/12/2026, 10:05Kyrgyzstan’s banking sector has seen unprecedented growth in capitalisation over the past year. According to the National Bank, the total paid-up share capital of commercial banks rose from 80.4 billion KGS in the first quarter of 2025 to 173.7 billion KGS in the first quarter of 2026.
Thus, over the year, banks increased their capital by 93.3 billion KGS. This was one of the most significant jumps in recent years.
The main driver of growth was the state-owned Eldik Bank. Its paid-up share capital rose from 12.2 billion to 81.2 billion KGS. The increase amounted to almost 69 billion KGS, or around 74% of the banking system’s total growth.
Excluding Eldik Bank, the aggregate capital of the remaining banks increased by 24.3 billion KGS. This highlights the scale of the state’s capitalisation of the largest state-owned bank.
Among other banks, the most significant increases in capital were recorded by:
| Bank | Q1 2025 | Q1 2026 | Increase |
|---|---|---|---|
| Eldik Bank | 12.2 billion | 81.2 billion | +69 billion |
| MBank | 8.7 billion | 13.5 billion | +4.8 billion |
| Kapital Bank | 860 million | 4.86 billion | +4 billion |
| Bakay Bank | 7 billion | 10 billion | +3 billion |
| Bank Kompanion | 1 billion | 3.5 billion | +2.5 billion |
Growth was also recorded by ‘O!Bank’ (from 1.2 billion to 1.8 billion KGS), Kyrgyzcommerzbank (from 1 billion to 1.2 billion KGS) and KICB (from 1.99 billion to 2.01 billion KGS).
In fact, in just one year, Kyrgyzstan’s banking system has surpassed the 170 billion KGS mark in authorised capital.
