As of August 1, 2024, the volume of non-performing loans (NPLs) in Uzbekistan’s commercial banks has reached UZS 20.82 trillion ($1.64bn), according to the Central Bank of Uzbekistan. This figure represents 4.2% of the total loan portfolio of UZS 500.64 trillion ($39.4bn) held by the country's banks.
State-owned banks continue to dominate the banking sector, holding a loan portfolio of UZS 348.29 trillion ($27.4bn). Among these, problem loans total UZS 15.25 trillion ($1.2bn), accounting for 4.4% of their total loans, which is higher than the sector average.
The loan portfolio of non-state banks stands at UZS 152.35 trillion ($11.9bn). Of this, problem loans amount to UZS 5.57 trillion ($438.6mn), or 3.7% of their total loans.
Among state-owned banks, Uzbek National Bank has the highest volume of problem loans, totaling UZS 3.47 trillion ($273.2mn) from a loan portfolio of UZS 103.06 trillion ($8.1bn), representing 3.4% of the total. Business Development Bank follows with problem loans amounting to UZS 2.48 trillion ($195.3mn), or 11.5% of its UZS 21.6 trillion ($1.7bn) loan portfolio. Uzpromstroybank ranks third with UZS 2.21 trillion ($174mn) in problem loans, equating to 3.7% of its UZS 60.31 trillion ($4.7bn) loan portfolio.
Ipoteka Bank leads among non-state banks with problem loans totaling UZS 3.34 trillion ($262.9mn), which is 9.4% of its UZS 35.68 trillion ($2.81bn) loan portfolio. Kapitalbank and Hamkorbank are next, with Kapitalbank reporting UZS 728bn ($57.3mn) in problem loans (2.5% of its portfolio) and Hamkorbank UZS 230bn ($18.1mn) (1.3% of its portfolio).
The banks with the highest shares of problem loans relative to their total loan portfolios are Madad Invest Bank (20.9%), Garant Bank (14.3%), and Business Development Bank (11.5%).
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