The National Bank of the Kyrgyz Republic is increasing its scrutiny of commercial banks due to growing sanctions-related risks. This was announced by National Bank Chairman Almaz Baketaev during a session of the Jogorku Kenesh (Kyrgyz Parliament) on June 18th. The central bank is maintaining close communication with banks to ensure compliance with sanctions regulations. Baketaev did not specify the nature of the sanctions risks prompting the increased oversight. The move signals a proactive approach by the National Bank to mitigate potential financial instability. This heightened monitoring aims to safeguard the Kyrgyz banking system from repercussions related to international sanctions. Further details regarding specific concerns or potential vulnerabilities were not immediately available.