The National Bank increased its ‘gold cushion’ by 2.3 times, to 437 billion KGS

The National Bank's total assets grew to 797.86 billion KGS, an increase of almost 53% compared to the same period last year (522.08 billion). These figures are given in the regulator's financial position report at the end of the third quarter.

The main source of growth was monetary gold (reserve assets), the volume of which increased more than 2.3 times — from 187 billion to 437.7 billion KGS. It accounted for more than half of all the National Bank's assets.

Cash on hand, in banks and other financial institutions also showed significant growth, reaching 179.5 billion KGS compared to 135.8 billion a year earlier.

Investments in securities measured at fair value also increased, from 39.7 billion to 43.4 billion KGS, while investments at amortised cost reached 19.8 billion KGS.

At the same time, the structure of assets remained balanced overall. Non-monetary gold and gold reserves (raw materials used in industry, jewellery production, etc.) amounted to 104.2 billion KGS, which is lower than last year's level (128.3 billion), while fixed assets and subsidiary investments remain stable.

The increase in the share of monetary gold in assets may reflect the NBKR's strategy of diversification and risk hedging amid global market volatility.