The capital volume of Uzbekistan's commercial banks reached UZS 395.3 trillion ($31.1 bn) in 4M24, marking a 21.7% increase compared to the same period in 2023, the Central Bank of Uzbekistan reports.
State-owned banks in Uzbekistan recorded a capital of UZS 255.4 trillion ($20.1 bn) during this period, showing a 2% growth compared to January–April 2023.
Non-state banks' capital reached UZS 139.8 trillion ($11 bn), indicating an 88.4% increase y/y from 4M23. As of April 1, the volume of non-performing loans in Uzbekistan's banks amounted to UZS 21.6 trillion ($1.7 bn), accounting for 4.5% of the banks' total loan portfolios.
The loan portfolio of banks in Uzbekistan amounted to UZS 478.2 trillion ($37.7 bn), with state-owned banks' problem loans reaching UZS 16.9 trillion ($1.3 bn), and non-state banks' non-performing loans amounting to UZS 4.6 trillion ($362.8 mn).
Meanwhile, Uzbekistan's public debt rose to $34.9 bn as of early 2024, reflecting a $5.7 bn increase from the previous year and exceeding the expected figure by $2.8bn, as reported by the Ministry of Finance. This amount constitutes approximately 38.4% of Uzbekistan's gross domestic product (GDP).
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