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    Uzbekistan Money Economics

    Uzbekistan's NPLs rise by $59mn since March 2024

    Uzbekistan's NPLs rise by $59mn since March 2024

    The Central Bank of Uzbekistan has reported an uptick in non-performing loans (NPL) within the country's banking sector, with figures reaching UZS 21.6 trillion ($1.7 bn) as of April 1. This represents a notable increase of 3.5%, or UZS 751 bn ($59 mn), compared to the previous month.

    Central Bank's data reveals that the proportion of NPL in the overall loan portfolio of state-owned banks has risen from 4.9% to 5.1%, while maintaining a steady 3% in private banks.

    State-owned banks saw the most significant surge in problem loans, witnessing an increase of UZS 503 bn ($40 mn). Among these institutions, the Business Development Bank stands out with the highest NPL ratio of 16.1%, followed by Xalq Banki at 7.2% and Mikrokreditbank at 6.7%.

    Conversely, private banks experienced a slight decrease in the level of problem loans, dropping by UZS 53 mn ($4,188.07). Nonetheless, notable percentages of NPL were observed in Octobank, where the figure stands at 7.6%, and in Madad Invest Bank, with a staggering 26.9%.

    As of March 1, Uzbekistan's banking industry experienced a significant rise in non-performing loans (NPL), totaling UZS 20.8 trillion ($1.7 bn).

    As of April 1, 2023, the total volume of non-performing loans (NPL) in Uzbek commercial banks stood at UZS 14.3 trillion ($1.1 bn), comprising 3.5% of the total loan portfolio. Among state-owned banks, the NPL share was slightly higher at 3.9%, with varying percentages across different institutions. Notably, the Business Development Bank recorded the highest NPL rate at 16.1%. In contrast, private banks collectively accounted for a lower NPL share of 1.9%. Total NPL volume increased by approximately 51.8% from April 2023 to April 2024.

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    26.04.2024, 02:52   Comments (0)   1910
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    Khadicha Abdurashidova

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