Presentation of Results of Survey on Public Awareness of Deposit Protection System in the Kyrgyz Republic
On May 22, the Deposit Protection Agency presented the results of the public awareness survey on deposit protection the Kyrgyz Republic. The event served as a platform for highlighting the survey results, discussing the current challenges faced by the financial sector, as well as the possible ways to solve them, and expanding business ties and searching for new partners.
The presentation was attended by over 30 representatives of commercial banks and financial organizations. Experts discussed the current issues of the deposit protection system, including preferred savings methods, statistics on term/demand deposits and public awareness of the deposit protection system. The main points of the discussion will be incorporated in decision making in the financial sphere.
Commissioned by the Kyrgyz Republic Deposit Protection Agency with financial support from IFC, the survey was conducted by M-Vector. It covered 2013 respondents from 126 settlements across Kyrgyzstan. The research methodology included Tablet-Assisted Personal Interviewing (TAPI) in the Russian and Kyrgyz languages. Using tablets for interviewing brings a lot of advantages such as GPS control, efficiency and transparency of field work, shorter duration of interview, minimal data entry mistakes, etc. Respondents were invited to answer questions about their saving practices, safety and security of deposits and many others. Data was collected by field officers and interviewers of M-Vector in all regions of Kyrgyzstan.
The target audience included a population group aged 18 years and older residing in Kyrgyzstan. The sample included 2013 face-to-face interviews. Data was weighted using the characteristics of region, gender and age with a ± 2.1% sampling error.
The survey findings will lay foundations for strategic and managerial decisions and efforts to raise awareness of deposit protection.
To learn more about marketing solutions offered by M-Vector to financial institutions and banks see http://www.m-vector.com/services/solutions-for-business