BISHKEK, Kyrgyzstan, February 25. The National Bank of Kyrgyzstan has concluded 2024 with a record profit of 45.7 billion soms ($522 million), Trend reports via the bank.
By the end of 2024, the bank's assets reached a historic high of 550 billion soms ($62 billion). The gross international reserves of Kyrgyzstan saw a 57.2 percent increase, reaching $5.088 billion.
On January 30, 2025, the Kyrgyz parliament passed a constitutional law on the transfer of National Bank profits, directing the 2024 profits to the national budget. On February 5, 2025, President Sadyr Zhaparov signed the document into law, officially approving the transfer.
According to MP Dastan Bekeshev, 35 billion soms ($400 million) of the transferred funds will go to the State Mortgage Company, and 1 billion soms ($11.4 million) will be returned to the National Bank of Kyrgyzstan. The remaining funds will be allocated to the Stabilization Fund.
In comparison, the National Bank's profit in 2023 amounted to approximately 12.2 billion soms ($139 million). The bank's assets amounted to 446 billion soms ($5.1 billion) in 2023. As of the end of 2023, Kyrgyzstan's international reserves totaled $3.2 billion.
