According to data from the National Bank of the Kyrgyz Republic, lending volume accelerated significantly in September. The country's banking system issued 63.4 billion som in loans, which is 42.3% higher than September figures from last year.

Growth Dynamics and Issuance Volumes

September recorded the maximum annual increase for the first nine months of 2026. In monetary terms, the increase over last year's level amounted to 18.8 billion som.

Annual loan issuance growth rates

42.3%annual growth in September
37.7%increase in June
23%increase in July

Despite the record growth rate, September was not the absolute leader in nominal volume. The largest issuance volume was recorded in April, when banks provided 65.7 billion som. At the same time, April and September ranked among the two largest months by new loan volume in the entire history of observations since 1996.

Context

The National Bank of the Kyrgyz Republic (NBKR) is the country's central bank, founded in 1991 and headquartered in Bishkek.