Best bank: DemirBank
DemirBank is Kyrgyzstan’s best bank in recognition of an impressive performance last year.
To the end of December 2023, the bank generated profit of Som2.5 billion ($28.6 million) – up from Som2.2 billion in 2022 – largely driven by cost control, interest rates of 13% and strong asset growth.
Combined, these elements caused net interest income to rise to Som2.6 billion from Som1.6 billion the previous year.
Total assets grew to Som55.4 billion from Som48.9
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