In 2023, Kyrgyzstan recorded a 2.1-fold increase in lending to legal entities in foreign currency. This is evidenced by data from the Eurasian Economic Commission (EEC).
While the volume of lending in the currencies of other countries increased, the debt on such loans increased by 18%, but in the EAEU this is the lowest figure (not counting Belarus, where the debt on loans in foreign currency decreased by 8%).
The growth in business loans in foreign currency may be due to the fact that rates under such conditions are at least two times lower.
Over the past year, entrepreneurs of Kyrgyzstan took out loans in foreign currency for such needs as:
· Agriculture, forestry and fisheries (7.4 times growth).
· Health care and social services (3.4 times growth).
· Trade and repair of motor vehicles and motorcycles (2.3 times growth).
· Manufacturing industry (42% growth).
At the same time, fewer loans were taken out in foreign currency for construction, transportation and warehousing.
Reported by Akchabar (Kyrgyzstan).
