• Sign in
  • 1744009905_435.svg 1744009905_642.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12834.61
    • RUB162.65
    • EUR14662.26
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +21°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan

    Uzbekistan’s banking sector records $31.7 mn net profit in January 2024

    Uzbekistan’s banking sector records $31.7 mn net profit in January 2024

    In January 2024, the banking sector of Uzbekistan recorded a net profit of UZS 396 bn ($31.7 mn). This figure is more than 50% lower compared to the same period in the previous year, when the net profit stood at UZS 1.04 trillion ($83.4 mn), as reported by the Central Bank of Uzbekistan.

    Photo: Uzbekistan’s banking sector records $31.7 mn net profit in January 2024 
    Source: Kursiv

    The banking system of the Republic of Uzbekistan saw a sharp increase in the volume of bad loans. This has compelled financial institutions to allocate more funds to reserves, impacting the final financial outcome. The provisions for potential losses on loans and leasing have risen by 19%.

    In addition, the banks’ operating expenses surged by 30.4%. This increase has led to a decrease in the banks’ non-interest income by 25.8%.

    The decrease in profits had a noticeable impact on the performance indicators of the banking system. The Return on Assets (ROA) has seen a y/y decline from 2.8% to 1.1%. Similarly, the Return on Equity (ROE) fell from 15.5% to 4.9%.

     

    In the first month of 2024, the banking sector’s loan portfolio contracted by 0.4% to UZS 469.6 trillion ($37.7 bn). Concurrently, the proportion of problem loans in the portfolio rose from 3.5% to 4.3%, representing an increase of UZS 3.4 trillion ($272.7 mn).

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    29.02.2024, 16:55   Comments (0)   1666
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Central Bank of Uzbekistan forecasts 10-15% surge in 2024 remittances, reaching nearly $13bn

    23.01.2024, 17:21

    Central Bank of Uzbekistan emerges as world's second-largest gold buyer 

    06.02.2024, 12:50

    Central Bank of Uzbekistan targets 5% inflation rate by 2025 

    09.02.2024, 15:38

    Tashkent City Mall opens doors for test operations  

    29.02.2024, 16:16

    Kizilkumcement’s net profit soars to almost $38 mn in Q4 2023 

    29.02.2024, 14:10

    ISRS outlines results of Uzbekistan president's state visit to China

    29.02.2024, 13:30
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp

     

    Recommended

    "We wouldn’t have won without U.S. aid" – The hidden truths behind the USSR’s World War II victory

    12 May, 15:39

    Uzbekistan's banking deposits surge to $25.2bn in March

    8 May, 17:24

    Uzbekistan to host 59th ADB Annual Meeting in Samarkand for second time

    8 May, 11:26

    Uzbekistan sees rise in cross-border travel as outbound tourism jumps 20%

    7 May, 12:38
     
     
     

    Latest news

    Tajikistan’s fruit exports hit by rising costs and stronger currency, EastFruit warns

    Tajikistan | 2 June, 17:05

    Pakistan moves to restore Ambassador role as ties with Afghanistan improve

    Afghanistan | 2 June, 14:40

    Kazakhstan’s PM and UN Deputy Secretary-General discuss cooperation on SDGs and climate resilience

    Kazakhstan | 2 June, 12:38

    Uzbekistan and Turkey to fully digitize transport permits by 2026

    Uzbekistan | 2 June, 11:43

    Uzbekistan receives first 2025 shipment of Hepatitis C drugs from Egypt

    Uzbekistan | 2 June, 10:30

    Uzbekistan’s annual inflation falls to 8.7% despite sharp monthly price rise

    Uzbekistan | 2 June, 09:30

    Uzbekistan, Kazakhstan customs officials meet at Gisht Kuprik to streamline border operations

    Uzbekistan | 1 June, 16:03

    Uzbekistan launches youth campaign 'Land of Talents' with mass events in Tashkent

    Uzbekistan | 1 June, 13:31

    Uzbekistan finalizes WTO accession talks with UK

    Uzbekistan | 1 June, 11:00
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.