Almost 98.6 billion KGS are held in banks with a low level of credit risk

As at the end of 2024, the majority of funds held in banks and other financial institutions were in assets with a low or moderate level of credit risk.

According to financial statements, the volume of funds classified in the first credit rating category amounted to 97.34 billion KGS. Such assets are characterised by a low probability of default and are taken into account in the first stage of assessing expected credit losses.

A further 1.48 billion KGS were classified in the second category — loans under observation. For these assets, credit risk is assessed as elevated compared to the initial level.

The total gross value of funds placed with banks and financial institutions reached 98.82 billion KGS. At the same time, the provision for expected credit losses amounted to 227.9 million KGS.

After taking provisions into account, the carrying value of these assets stood at 98.6 billion KGS. The share of assets classified as low or moderate risk exceeded 98% of the total amount of funds placed, which indicates the high quality of this segment of the financial portfolio.