The State Development Bank increased its loan portfolio ninefold

The State Development Bank reported to the Budget, Economic and Fiscal Policy Committee of the Jogorku Kenesh on its activities for 2024. Following the meeting, the bank's work was deemed satisfactory and the report was approved.

According to the document, in 2024, the loan portfolio increased ninefold, indicating a significant expansion of support for the real sector of the economy. Funding was directed to socially and economically significant projects that contribute to job creation, industrial development, and strengthening the sustainability of the national economy.

According to the financial statements of the State Development Bank, the institution closed the year with a net profit of 1 billion 83.61 million KGS. This is almost twice as much as a year earlier, when its profit amounted to 559.6 million KGS.

Among the key indicators, we can also highlight net loans, which increased tenfold compared to 2023 to 1.96 billion KGS, interest income, and the bank's total capital, which reached 21.25 billion KGS (+3.9 billion KGS for the year).