BISHKEK, Kyrgyzstan, May 1. The State Development Bank of Kyrgyzstan doubled its net profit to 1 billion soms ($11.4 million) in 2024, with the entire profit earned in 2024 to be allocated for dividend payments to the state, Trend reports via the bank.
The bank and its subsidiaries jointly contributed 3.7 billion soms ($42.3 million) in taxes to the national budget over the past year.
According to information, the bank’s loan portfolio increased ninefold in 2024, supporting several investment projects that led to the creation of 1,000 new jobs. Five agreements were signed with international financial institutions last year, totaling approximately $554 million.
Moreover, on April 21, 2025, an agreement was signed between the World Bank (WB) and the Ministry of Finance of Kyrgyzstan for the provision of a concessional, interest-free loan worth $120 million. Under the agreement, $60 million will be allocated to the State Development Bank of K to finance the “Development of Sustainable Financial Markets for Micro, Small, and Medium Enterprises” project.
The bank has two subsidiaries — CJSC Alfa Telecom and OJSC State Leasing Company
