Foreigners are increasing their investments in KGS. Growth has almost doubled over the year

Foreign investors continue to show interest in deposits in the national currency. For the second month in a row, they have left record amounts in Kyrgyz banks.

The absolute maximum was recorded in June 2025, when non-residents placed 16.3 billion KGS in KGS deposits. Prior to that, the record had been held since April, when the amount was 12.5 billion KGS, i.e. almost 4 billion less.

In July this year, foreigners deposited 15.02 billion KGS in accounts in the national currency. This is almost twice as much as in July 2024, when it did not even reach 8 billion KGS.

In total, in July 2025, foreigners placed 90.1 billion KGS in Kyrgyz banks. Of these, about 17% were som deposits, with the rest in foreign currency. At the same time, almost the entire volume of new investments — 87.5 billion KGS, or over 97% — was in demand deposits. Term deposits amounted to only 2.6 billion KGS.

The breakdown of term deposits by maturity is as follows:

• 6–12 months — 1.01 billion KGS (average rate 2.68%);
• 1–3 months — 491.3 million (2.83%);
• 0–1 month – 470.7 million (0.15%);
• 1–3 years – 429.1 million (5.67%);
• 3–6 months – 160.4 million (2.58%);
• over 3 years – 25 million (13.01%).

The weighted average rate on all newly accepted deposits, including som and foreign currency deposits, was 0.21%, on demand deposits — 0.13% and on term deposits 2.84%.

Interestingly, July this year became the ‘number two’ in terms of two indicators, namely the volume of foreign som deposits (15.02 billion KGS after 16.3 billion in June) and the total volume of non-resident deposits in the country's history (90.1 billion KGS). August 2023 remains the leader with a record 92.5 billion KGS.