Publication:
Kyrgyz Republic : Access to Financial Services Policy Note

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dc.contributor.authorWorld Bank
dc.date.accessioned2013-03-07T15:34:33Z
dc.date.available2013-03-07T15:34:33Z
dc.date.issued2010-06
dc.description.abstractThe 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.en
dc.identifierhttp://documents.worldbank.org/curated/en/2010/06/16593873/kyrgyz-republic-access-financial-services-policy-note
dc.identifier.doi10.1596/12600
dc.identifier.urihttps://hdl.handle.net/10986/12600
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO FINANCIAL SERVICES
dc.subjectACCESS TO FINANCING
dc.subjectACCESS TO INFORMATION
dc.subjectACCESS TO RESOURCES
dc.subjectACCOUNTING
dc.subjectACCOUNTING PRACTICES
dc.subjectACCOUNTING STANDARDS
dc.subjectACCOUNTS RECEIVABLE
dc.subjectADB
dc.subjectADVANCED ECONOMIES
dc.subjectAGRICULTURAL ACTIVITIES
dc.subjectAGRICULTURAL FINANCE
dc.subjectAGRICULTURAL SECTOR
dc.subjectAGRICULTURAL TRADE
dc.subjectASSET QUALITY
dc.subjectAUDITING
dc.subjectAUDITORS
dc.subjectBANK ASSETS
dc.subjectBANK BRANCH
dc.subjectBANK BRANCH NETWORK
dc.subjectBANK BRANCHES
dc.subjectBANK CREDIT
dc.subjectBANK LENDING
dc.subjectBANK LOAN
dc.subjectBANK LOANS
dc.subjectBANKING SECTOR
dc.subjectBANKING SERVICES
dc.subjectBANKING SYSTEM
dc.subjectBANKS
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBORROWINGS
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL ADEQUACY
dc.subjectCAPITAL REQUIREMENTS
dc.subjectCLASSIFIED LOANS
dc.subjectCOLLATERAL
dc.subjectCOLLATERAL REQUIREMENTS
dc.subjectCOLLATERALS
dc.subjectCOMMERCIAL BANK
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMMERCIAL CREDIT
dc.subjectCONFIDENCE IN BANKS
dc.subjectCONSUMER PROTECTION
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORRUPTION
dc.subjectCREDIT BUREAU
dc.subjectCREDIT COOPERATIVES
dc.subjectCREDIT DECISIONS
dc.subjectCREDIT EXPANSION
dc.subjectCREDIT HISTORY
dc.subjectCREDIT INFORMATION
dc.subjectCREDIT INFORMATION SYSTEM
dc.subjectCREDIT INFORMATION SYSTEMS
dc.subjectCREDIT LINE
dc.subjectCREDIT LINES
dc.subjectCREDIT MARKET
dc.subjectCREDIT PORTFOLIO
dc.subjectCREDIT PORTFOLIOS
dc.subjectCREDIT RISK
dc.subjectCREDIT RISK MANAGEMENT
dc.subjectCREDIT SCORING
dc.subjectCREDIT SCORING MODELS
dc.subjectCREDIT UNION
dc.subjectCREDIT UNIONS
dc.subjectCREDITOR
dc.subjectCREDITORS
dc.subjectCURRENCY EXCHANGE
dc.subjectCURRENT ACCOUNTS
dc.subjectCUSTOMER SERVICE
dc.subjectDEBT
dc.subjectDEBTS
dc.subjectDEMAND DEPOSITS
dc.subjectDEPOSIT
dc.subjectDEPOSIT ACCOUNTS
dc.subjectDEPOSIT INSURANCE
dc.subjectDEPOSITOR
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectDONOR FUNDING
dc.subjectEARNINGS
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC CRISIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC GROWTH
dc.subjectEMPLOYMENT
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATE
dc.subjectEXPORT FINANCING
dc.subjectEXTERNAL FINANCING
dc.subjectFACTORING
dc.subjectFARMERS
dc.subjectFINANCE COMPANIES
dc.subjectFINANCE COMPANY
dc.subjectFINANCIAL ACCESS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INFRASTRUCTURE
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTERMEDIARY
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL NEEDS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SERVICE
dc.subjectFINANCIAL SYSTEM
dc.subjectFIXED ASSETS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFORMAL FINANCIAL SERVICES
dc.subjectFUNDING SOURCES
dc.subjectGOVERNMENT ACCOUNTS
dc.subjectGREATER ACCESS
dc.subjectGROUP GUARANTEE
dc.subjectGROUP GUARANTEES
dc.subjectGROUP LENDING
dc.subjectHIGH INTEREST RATES
dc.subjectHOUSEHOLDS
dc.subjectIMMOVABLE PROPERTY
dc.subjectINDIVIDUAL ENTREPRENEURS
dc.subjectINFORMATION SHARING
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNAL FUNDS
dc.subjectINVENTORY
dc.subjectLARGE BORROWERS
dc.subjectLARGE CITIES
dc.subjectLAWS
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATION
dc.subjectLENDER
dc.subjectLENDING INTEREST RATES
dc.subjectLENDING POLICIES
dc.subjectLENDING PORTFOLIO
dc.subjectLEVEL PLAYING FIELD
dc.subjectLIMITED ACCESS
dc.subjectLIMITED ACCESS TO FINANCE
dc.subjectLINE OF CREDIT
dc.subjectLIQUID ASSETS
dc.subjectLOAN
dc.subjectLOAN AMOUNT
dc.subjectLOAN CONDITIONS
dc.subjectLOAN MATURITIES
dc.subjectLOAN PORTFOLIO
dc.subjectLOAN PORTFOLIOS
dc.subjectLOAN PROCESS
dc.subjectLOAN RECOVERY
dc.subjectLOAN SIZE
dc.subjectLOAN SIZES
dc.subjectLOCAL CURRENCY
dc.subjectMARKET CONFIDENCE
dc.subjectMARKET VALUE
dc.subjectMATURITIES
dc.subjectMATURITY
dc.subjectMFI
dc.subjectMICRO FINANCE
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTIONS
dc.subjectMIGRANT WORKERS
dc.subjectMONEY MANAGEMENT
dc.subjectMONEY TRANSFER
dc.subjectMONEY TRANSFERS
dc.subjectMONEYLENDERS
dc.subjectMORTGAGE
dc.subjectMORTGAGE LOANS
dc.subjectMORTGAGES
dc.subjectNATIONAL BANK
dc.subjectNEW ENTRANTS
dc.subjectNONBANK FINANCIAL INSTITUTIONS
dc.subjectNONPERFORMING LOANS
dc.subjectOPERATING COSTS
dc.subjectOPERATIONAL COSTS
dc.subjectOUTREACH
dc.subjectOUTSTANDING LOAN
dc.subjectPAWN
dc.subjectPAWN SHOP
dc.subjectPAWN SHOPS
dc.subjectPAYMENT SERVICES
dc.subjectPENETRATION RATES
dc.subjectPERSONAL ASSETS
dc.subjectPRIVATE BANKS
dc.subjectPRIVATE CREDIT
dc.subjectPRIVATIZATION
dc.subjectPROFIT MARGIN
dc.subjectPROFITABILITY
dc.subjectPRUDENTIAL REQUIREMENTS
dc.subjectPUBLIC REGISTRIES
dc.subjectPUBLIC REGISTRY
dc.subjectREAL ESTATE
dc.subjectREGISTRATION PROCESS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCES
dc.subjectRETAINED EARNINGS
dc.subjectRETURN ON ASSETS
dc.subjectRETURN ON EQUITY
dc.subjectRISK MANAGEMENT
dc.subjectRURAL FINANCE
dc.subjectRURAL FINANCIAL SERVICES
dc.subjectSAVINGS
dc.subjectSECURITIES
dc.subjectSMALL BUSINESSES
dc.subjectSMALL ENTERPRISES
dc.subjectSMALL LOAN
dc.subjectSMALL LOANS
dc.subjectSOCIAL FUND
dc.subjectSOURCE OF INCOME
dc.subjectSTART-UPS
dc.subjectSTATE BANKS
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTIME DEPOSITS
dc.subjectTRANSACTION COSTS
dc.subjectUNION
dc.subjectUNIVERSAL BANK
dc.subjectURBAN AREAS
dc.subjectVALUE OF COLLATERAL
dc.subjectVILLAGE
dc.subjectWEALTH CREATION
dc.subjectWORKING CAPITAL
dc.titleKyrgyz Republic : Access to Financial Services Policy Noteen
dspace.entity.typePublication
okr.date.disclosure2012-08-10
okr.date.doiregistration2025-05-07T11:06:21.385555Z
okr.doctypeEconomic & Sector Work::Policy Note
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2010/06/16593873/kyrgyz-republic-access-financial-services-policy-note
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid430471468047370162
okr.identifier.externaldocumentum000020439_20120810162146
okr.identifier.internaldocumentum16593873
okr.identifier.report70473
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/08/10/000020439_20120810162146/Rendered/PDF/704730ESW0P1170Policy0Note0English.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryKyrgyz Republic
okr.sectorFinance
okr.sectorFinance :: Banking
okr.sectorFinance :: Micro- and SME finance
okr.themeFinancial and private sector development
okr.themeFinancial and private sector development :: State enterprise/bank restructuring and privatization
okr.themeFinancial and private sector development :: Small and medium enterprise support
okr.topicBanks and Banking Reform
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Bankruptcy and Resolution of Financial Distress
okr.unitPrivate/Financial Sectors Devt (ECSPF)
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