The assets of Uzbekistan's commercial banks reached UZS 711.11 trillion ($56.1bn) as of August 1, reflecting a notable real growth of 18% compared to the same period in 2023. Meanwhile, the Central Bank of Uzbekistan reported that the liabilities of these commercial banks stood at UZS 605.95 trillion ($47.8bn) as of the same date, an increase from UZS 497.84 trillion ($39.3bn) in 2023.
Additionally, the volume of loans provided by Uzbek banks reached UZS 500.64 trillion ($39.5bn), marking a real growth of 13% compared to the previous year. Deposits in Uzbekistan's banks also saw significant growth, increasing by 29% to reach UZS 275.42 trillion ($21.7bn) as of August 1, 2024. This surge in deposits indicates growing public confidence in the banking sector and the effectiveness of financial policies aimed at encouraging savings.
The total capital of Uzbekistan's banking sector was recorded at UZS 105.16 trillion ($8.3bn) by August 1, 2024, which is a 22% increase compared to the same period in 2023.
For comparison, as of July 1, 2024, Kazakhstan's banking sector had assets amounting to KZT 55.3 trillion ($114.4bn), reflecting a 7.5% growth since the beginning of the year. The sector's equity rose to KZT 7.5 trillion ($15.5bn), primarily due to retained net profits. Meanwhile, in Kyrgyzstan, the banking sector's total assets reached KGS 727.3 bn ($8.5bn) by June 30, 2024, representing an 18.4% increase since the start of the year. The net total capital of Kyrgyz banks increased by 3.6%, amounting to KGS 110 bn ($1.3bn).
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