Perspective of the Deposit Protection Agency in Kyrgyzstan

This article examines certain issues and prospects for the development of the Deposit Protection Agency in Kyrgyzstan. To reveal the relevance of the Deposit Protection Fund, identify the advantages and disadvantages of automating the process of compensation payments to depositors. A SWOT analysis of deposit insurance in Kyrgyzstan is conducted. The study involves an economic assessment of the implementation of directions and the development of proposals to improve the operations of the Deposit Protection Agency. The Agency is a state body that guarantees and insures the financial interests of the population within the internal savings system, compensating depositors for their deposits and accrued interest in the event of a guarantee case. The establishment of an independent Deposit Protection Agency and the practical implementation of the deposit protection system in the Kyrgyz Republic clearly demonstrate the timeliness and importance of the measures taken to further increase public confidence in the banking system and ensure financial and social stability in the country amidst external challenges related to the global financial crisis.