Publication: Kyrgyz Republic : Access to Financial Services Policy Note
Date
2010-06
ISSN
Published
2010-06
Author(s)
World Bank
Abstract
The purpose of this paper is to report
on the level of access to formal financial services in the
Kyrgyz Republic, assess the key obstacles to improving
access, and make recommendations to overcome these
obstacles. The paper is organized as follows. Sections II to
IV examine the supply of financial services. Specifically,
section II presents a profile of financial intermediation by
banks, focusing their supply of financial services,
particularly lending and deposits. Section III presents a
profile of lending by Aiyl Bank, a specialized bank with a
limited license, which is mandated to lend for agriculture.
Section IV presents a profile of lending by non-bank
financial institutions (NBFIs), including microfinance
organizations (MFOs) and credit unions. Section V examines
the demand side for financial services, drawing on
enterprise surveys to assess firms' perceptions of
their access to finance. Section VI presents a brief
analysis of the impact of the events of April 2010 on access
to finance. Section VII discusses key obstacles in
increasing access to finance from banks and NBFIs. Section
VIII concludes with policy recommendations that derive from
the preceding analysis.
Citation
“World Bank. 2010. Kyrgyz Republic : Access to Financial Services Policy Note. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/828ef657-3ceb-56f6-a59c-a7edf0b9bd4f License: CC BY 3.0 IGO.”