State-owned banks maintained a consistent NPL share of 4.8% in their total loan portfolios, with NPL figures reaching UZS 16.4 trillion ($1.3 bn). Notably, efforts to reduce problem loans were most pronounced in this sector, with a collective decrease of UZS 1.4 trillion ($111 mn). Specific banks like National Bank of Uzbekistan, SQB, Agrobank, Asaka Bank, Xalq banki, Business Development Bank, Microcredit Bank, Turon Bank, and Aloqabank have shown varying levels of improvement in managing their NPL ratios.
In contrast, private banks reported an overall decrease in the NPL ratio from 3.8% to 3.1%, NPL figures reaching UZS 4.5 trillion ($357 mn). However, challenges persist for some institutions, with Madad Invest Bank and Eron Saderat Bank recording notably higher NPL ratios of 24% and 18.3% respectively.
The Central Bank of Uzbekistan has observed a rise in non-performing loans (NPL) in the banking sector, totaling UZS 21.6 trillion ($1.7 billion) as of April 1, 2024. This marked an increase of 3.5%, or UZS 751 bn ($59mn), from the prior month.
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