Published
01/27/2026, 09:00On January 22, the Ministry of Finance held an additional auction to place temporarily available budget funds in commercial bank deposits.
As a result of the auction, 4.95 billion KGS were placed, with an announced volume of 10.4 billion KGS. The term of the deposits was 12 months.
Demand from banks reached 5.45 billion KGS, which exceeded the actual placement volume. Interest rates on satisfied applications ranged from 10% to 11% per annum. The weighted average rate was 10.36%.
Earlier, on January 19, the Ministry of Finance placed less than half of the declared amount on deposit with commercial banks as part of an auction. With a plan of 20 billion KGS, the ministry actually satisfied banks' applications for 9.6 billion KGS. As a result of the main and additional bidding, the Ministry of Finance was unable to place the entire amount profitably.
It is important to note that in the first auction, banks offered more favorable rates for government funds ranging from 11% to 14.1%, with an average rate of 12.55% per annum.
