Kyrgyzstan and Armenia demonstrated the highest quality of corporate loan portfolios among the countries of the Eurasian Economic Union as of the fourth quarter of 2025. This is evidenced by comparative data on the banking systems of the region’s countries.

The share of loans without overdue debt in Kyrgyzstan and Armenia was 99% each. This is the highest figure among the countries under review. For comparison, this figure was 98.7% in Belarus, 97.6% in Kazakhstan, and 96.6% in Russia.

Accordingly, the level of non-performing loans, i.e., those with overdue debt, in Kyrgyzstan and Armenia was minimal—1% each. This is significantly lower than in Kazakhstan (2.4%) and Russia (3.4%).

At the same time, against the backdrop of a high-quality loan portfolio, Kyrgyzstan also showed the most significant growth in lending. The volume of corporate debt on loans in national currency increased by 39% over the year. This is the highest figure among the EAEU countries. In Armenia and Belarus, growth amounted to 20% in each country, in Kazakhstan—18%, and in Russia—11%.

In the foreign currency loan segment, most EAEU countries also saw an increase in debt, with the exception of Belarus and Russia, where a decline was recorded.