BAKU, Azerbaijan, May 25. Kyrgyzstan recorded a significant increase in profits of the country’s enterprises in the financial sector, Trend reports with the reference to the National Statistical Committee of Kyrgyzstan.
Profits of enterprises in the financial sector of Kyrgyzstan amounted to 24.4 billion soms ($306.9 million) in the first quarter of 2022, which is 65.9 percent more compared to the same period in 2021 - 15.7 billion soms ($197.4 million).
The enterprises of the financial sector of Kyrgyzstan’s economy received a net profit in the amount of 11.8 billion soms ($148.4 million) in the first quarter of 2022, which almost doubled compared to the corresponding period of last year.
The National Statistical Committee also noted that the National Bank, 23 commercial banks, 309 pawnshops, 146 microcredit organizations, 97 credit unions, 14 insurance companies, and one specialized financial and credit organization were among the 591 organizations operating in the financial sector of the economy in the first quarter of 2022.