As of October 1, the total volume of non-performing loans (NPL) in Uzbekistan’s banking sector reached 22 trillion soums ($1.7bn), which accounts for 4.2% of the total loan portfolio, as it was provided by the Central Bank of Uzbekistan.
The share of NPLs varies across different types of banks. In state-owned banks, non-performing loans made up 4.1% of the total loan portfolio. In contrast, private banks saw a slight increase in their NPL ratio, rising from 4.2% to 4.4%.
by Khadicha Abdurashidova
The volume of non-performing loans in state-owned banks amounted to 14.9 trillion soums ($1.2bn). Within this group, the Business Development Bank had the highest proportion of NPLs, with 10.5% of its total loan portfolio classified as non-performing. This was followed by Microcreditbank, with a 6.6% share of NPLs, and People's Bank, which recorded a 5.1% share.
Among private banks, Madad Invest Bank reported the highest share of non-performing loans at 14.6%. Garant Bank followed with 12.9%, while ABO Bank had the third-largest share, with 11.4% of its loan portfolio classified as non-performing.
The total loan portfolio of Uzbekistan’s banking sector increased from 509.6 trillion soums ($40bn) in September to 521 trillion soums ($41bn) as of October 1. Of this total, 362 trillion soums ($28.4bn) are loans issued by state-owned banks, while private banks account for 159 trillion soums ($12.5bn).
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