Published
07/17/2025, 15:04The National Bank's assets for the first half of 2025 grew to 713.1 billion KGS, an increase of almost 47% compared to the same period last year. Gold made the main contribution to this growth.
The volume of monetary gold in the regulator's assets doubled over the year and amounted to 358 billion soms, compared to 167.3 billion KGS at the end of June 2024. Thus, gold continues to strengthen its position in the structure of the National Bank's assets and remains a key element of the country's gold and foreign exchange reserves.
Cash on hand and deposits with banks and financial institutions also increased, from 117.8 billion to 163.4 billion KGS.
The investment portfolio continued to expand. Investments in securities measured at fair value reached 47.5 billion KGS, and at amortised cost — almost 20 billion KGS.
However, the volume of non-monetary gold and reserves decreased from 128 billion to 111.5 billion KGS. However, this did not affect the overall trend of an increase in the share of precious metals in the asset structure.
It can be concluded that the National Bank continues to build up its gold and foreign exchange reserves, betting on gold as a stable and protective asset amid global market turbulence.
