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SECTION NEWS

Dollarization of deposits in Kyrgyzstan has decreases

07/12/16 06:07, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

Dollarization of deposits in Kyrgyzstan has decreased. This is stated in a report on monetary policy of the National Bank for the third quarter of 2016.

It is noted that at the beginning of the year the volume of deposits decreased, but in September the situation has changed.

The amount of the deposit base of commercial banks at the end of the third quarter amounted to 104.6 billion soms. Since the beginning of the year it rose by 1.7 percent.

The amount of foreign currency deposits fell by 18.1 percent - up to 55.3 billion in som equivalent. But the volume of deposits in national currency increased by 39.4 percent - up to 49.3 billion soms. Dollarization of deposits decreased by 4.1 percent.

The weighted average interest rate on new deposits in KGS amounted to 2.25 percent (0.14 percent compared to 2015), on foreign currency deposits - 0.55 percent (-0.49 percent).

The interest rate on fixed deposits in national currency amounted to 12.16 percent (-1.13 percent compared to 2015), and in foreign currency - 4.61 percent (-1.32 percent compared to 2015).


URL: http://eng.24.kg/finansy/183177-news24.html
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RELATED MATERIALS

Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


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05.02.2017
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Osh
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Batken
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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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