Kyrgyz Central Bank Posts Record 33.2 Billion Som Profit

The National Bank of the Kyrgyz Republic (NBKR) recorded a net profit of 33.2 billion soms (around $380.7 million) in the first nine months of 2025 - nearly 13 times higher than the same period last year.

The strong performance was attributed to gains from monetary gold transactions, revaluation of foreign currency reserves, and overall asset appreciation, The Caspian Post reports, citing The Times of Central Asia.

According to the central bank, gold now accounts for around $5 billion of its total assets, a 2.5-fold rise from 2024. Gold holdings currently represent about half of the NBKR’s total assets. Officials attributed the growth to the bank’s risk-diversification strategy and higher global gold prices.

The NBKR also reported a rise in household investment in government securities, reflecting stronger public confidence in domestic financial instruments.

While the overall asset structure remains stable, several notable shifts have occurred. The volume of nonmonetary gold and bullion has declined to $1.1 billion, reflecting strong demand from the jewelry industry and increased gold exports. Gold continues to be a key contributor to Kyrgyzstan’s export portfolio.

The commercial banking sector is also expanding. The total loan portfolio reached $2 billion, up from $1.5 billion a year earlier.