Bishkek, Nov. 27, 2020. /Kabar/. In January-September 2020, 622 organizations were functioning in the financial sector of the economy of Kyrgyzstan, including the National Bank, 23 commercial banks, 583 non-bank financial-credit organizations and 15 insurance companies.
According to the press service of the National Statistics Committee, for 9 months of 2020, they have received income in the amount of KGS 41.2 billion, which is 32% more than for the corresponding period of the last year. Meanwhile, 95.6% of income growth was provided by the banking sector.
As for expenses of organizations of financial sector, for the same period they made up KGS 29,2 billion, and increased by 16 %.
According to the results of 9 months of 2020, enterprises of the financial sector of the economy have received a positive financial result of almost KGS 12 billion of profit, which is 2 times higher than the same indicator in comparison with the same period of last year. Profit growth by 95% is provided by the banking system, and by 4.2% - by microcredit organizations.
The share of profitable organizations of the financial sector in January-September 2020 made up more than 61 % of their total number, and about 20 % of organizations incurred losses.
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