Overview of Key Events in Q1 2026 in the Kyrgyz Republic

22.04.2026 at 10:37

In Q1 2026, the following events occurred in the Kyrgyz Republic in the field of bank deposit insurance (guaranteeing), liquidation, financial recovery and bankruptcy of credit institutions, as well as the functioning of the banking market:

1. The 2025 Annual Report on the Activities of the Deposit Protection Agency of the Kyrgyz Republic has been approved and published

Based on the results of 2025, positive dynamics were maintained in the financial and credit sector of the Kyrgyz Republic, which contributed to the further strengthening of the Deposit Protection Fund. As of December 31, 2025, the size of the Deposit Protection Fund amounted to 9,709.9 million soms, increasing by 30.0% since the beginning of the year. The volume of contributions from participants in the deposit protection system for 2025 amounted to 1,313.0 million soms, with capitalized net income reaching 926.0 million soms.

Furthermore, work continued on refining the differential premium model, based on the principle of fair distribution of the financial burden, where the rate depends on the risk profile of the deposit protection system participant.

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2. Approval of the Development Strategy of the Deposit Protection Agency of the Kyrgyz Republic for 2026–2030

In Q1 2026, the Development Strategy of the Deposit Protection Agency of the Kyrgyz Republic for 2026–2030 was approved. The priority areas of the Strategy were formed taking into account the results of the analysis of internal and external factors.

The key areas include:

enhancing the financial stability of the Deposit Protection Fund;
ensuring prompt and transparent payouts to depositors;
increasing the level of public awareness;
improving the procedures for the liquidation of banks and financial-credit organizations;
digital transformation.

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3. Implementation of activities in the sphere of liquidation of banks and financial-credit organizations

In Q1 2026, the Deposit Protection Agency of the Kyrgyz Republic, acting as the liquidator of Asia Universal Bank OJSC and Ak Bank OJSC, continued its work on the sale of the property of the liquidated banks and the execution of settlements with creditors.

Within the framework of these activities:

other property of the bank was sold — a residential building amounting to 4,045.0 thousand soms based on a phased buyout agreement;
funds in the amount of 11,230.0 thousand soms were accumulated in the settlement account of the liquidator of Asia Universal Bank OJSC;
following the results of the judicial challenge of the claims of missing fifth-priority creditors in the amount of 133,400.0 thousand soms, the Agency commenced the payment of the third tranche to fifth-priority creditors;
with the consent of the National Bank of the Kyrgyz Republic, the liquidation periods for Asia Universal Bank OJSC and Ak Bank OJSC were extended until October 11, 2026, and March 13, 2027, respectively.

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4. New participants included in the deposit protection system

In Q1 2026, the following were included in the register of banks participating in the deposit protection system:

Alma Finance Bank CJSC;
Asman Bank CJSC.

5. Adoption of new editions of regulatory legal acts

In Q1 2026, new editions of regulatory legal acts governing specific issues of the functioning of the deposit protection system were approved:

By Resolution of the Cabinet of Ministers of the Kyrgyz Republic dated March 30, 2026, No. 200, a new edition of the Regulation on the Procedure for Selecting Agent Banks for Payout of Compensation to Depositors upon the Occurrence of a Guarantee Case was approved, providing for the procedure for the preliminary selection of agent banks;
By Resolution of the Cabinet of Ministers of the Kyrgyz Republic dated January 19, 2026, No. 14, a new edition of the Regulation on Working with Budget Loans Provided from the Republican Budget was approved. This document provided special conditions for providing a loan to the Deposit Protection Agency of the Kyrgyz Republic.

Download the Regulation on the Procedure for Selecting Agent Banks for Payout of Compensation to Depositors upon the Occurrence of a Guarantee Case

Download the Regulation on Working with Budget Loans

6. International Cooperation

In Q1 2026, the international activities of the Deposit Protection Agency of the Kyrgyz Republic (DPA KR) were aimed at strengthening institutional capacity and integrating into the global expert community.

A key achievement was active participation in the IADI Working Group on the revision of the Core Principles for Effective Deposit Insurance Systems and the development of training materials for international seminars. The Agency also commenced the implementation of a three-year plan to improve the regulatory framework for compliance with updated IADI standards, involving an independent external assessment.

Under the chairmanship of the Executive Director of the DPA KR, K.J. Bukuev, a meeting of the Eurasian Regional Committee (EARC) was held, where the work plan for 2026–2027 was approved. Currently, the DPA KR is conducting organizational preparations for hosting the IADI EARC annual meeting and a workshop on financial security issues in Bishkek, scheduled for June 2026. In total, during the reporting period, representatives of the Agency participated in 21 meetings of IADI committees and working groups, utilizing the FSI Connect platform for the continuous professional development of employees.

7. Communications and Awareness

DPA KR – Official Partner of the V Republic Olympiad on Financial Security among University Students of the Kyrgyz Republic

To form a personnel reserve and increase the financial literacy of youth, the DPA KR participates in organizing the stages and expert discussions among university students in the Kyrgyz Republic as an official partner. The Agency is strengthening its image as a progressive state institution that actively implements practice-oriented learning. It interacts with the Training Center of the State Financial Intelligence Service and the Ministry of Education within the framework of the Olympiad. The goal is to nurture talented youth ready to work with modern cases, which is critically important for developing the analytical potential of the DPA in conditions of changing market threats.

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Deposit Protection Agency implements innovative communications at the “Joogazyn” Festival

Participation in the festival allows the Deposit Protection Agency of the Kyrgyz Republic (DPA KR) to implement modern tools for interaction with youth and professional audiences. The presentation of the Agency’s activities helps bridge the distance with society by presenting complex deposit protection mechanisms as clear visual images and strengthening the organization’s status as an open and innovative state institution.

The platform has become a “laboratory” for integration into the business environment and academic community. Feedback from marketing experts contributes to the adjustment of the DPA KR information strategy, increasing brand awareness, and laying the foundation for long-term cooperation with universities and PR agencies to promote financial security.

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Expanding the geography of awareness of the deposit protection system: the “Solidarity Bus” project

Trips within the “Solidarity Bus” project are a new type of communication for the DPA KR. As a crucial channel for direct informing of residents in remote regions where access to digital resources may be limited, it allows for personal consultations by DPA KR experts and helps eliminate the information vacuum to increase the level of trust in the banking system among the rural population.

This type of communication allows for the collection of a unique array of data on the real concerns and questions of citizens on the ground, which in turn enables more effective targeting of future information campaigns.

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Lectures, competitions, and prizes at Global Money Week (GMW) 2026

The interactive information formats used by the DPA KR at the fair help engage schoolchildren and students in studying the principles of the entire deposit protection system. Through participation in GMW2026 and the financial fair, the audience reach has been scaled up, and the role of the DPA KR as one of the main ideologists of financial culture in Kyrgyzstan has been consolidated.

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International Presentation: “From Awareness to Trust”

The presentation of the DPA’s digital toolkit for EAEU member states was a landmark event that confirmed the Agency’s significant success in communication strategies. The experience of implementing the strategy in a multilingual environment with 100% mobile coverage generated high interest from international partners, positioning the DPA as an expert center within the Eurasian Economic Union.