Published
05/31/2025, 18:44In 2024, the total volume of deposits in commercial banks in Kyrgyzstan grew by an impressive 37.3%, reaching 592.4 billion soms. The increase occurred in both national (+44.1%) and foreign currency (+29.3%).
At the same time, the number of accounts held by individuals and legal entities grew by 19% to 8.8 million. This increase indicates not only growing financial activity, but also a higher level of trust in the banking system and improved financial literacy among the population.
However, depositors have become noticeably more cautious about the terms of their deposits. The share of short-term deposits (up to one year) increased from 19.6% to 20.0%, while long-term deposits (over one year) decreased from 6.7% to 6.0%. As a result, the average duration of the deposit base decreased from 3.2 to 3.0 months.
A similar trend was observed among term deposits: their duration decreased by 0.6 points to 11.7 months. At the same time, the share of foreign currency deposits decreased by 2.7 percentage points to 42.9%, which may indicate growing confidence in the som.
