Key facts
- Credit growth in Kyrgyzstan slowed to 44.7% year-on-year in April.
- Household lending growth declined.
- Corporate lending growth increased.
- Foreign exchange lending growth increased.
- Deposit growth decreased due to the FX segment, but local-currency growth rose.
Credit growth in Kyrgyzstan experienced a notable slowdown in April, decelerating to 44.7% year-on-year. This deceleration was primarily driven by a decline in household lending growth, although the corporate sector saw an increase in lending. While foreign exchange lending growth saw an uptick, its positive impact was counterbalanced by a decrease in overall deposit growth, largely attributed to the performance of the foreign exchange segment. However, growth in local-currency deposits saw a rise.