Uzbekistan Sees Rise in Non-Performing Loans Share

Tashkent, Uzbekistan (UzDaily.com) — By the end of the first quarter of 2026, the total loan portfolio of Uzbekistan’s banking sector increased by 3.2%, exceeding 623.3 trillion soums, equivalent to US$51.9 billion.

Amid continued credit expansion, an increase in the share of non-performing loans (NPLs) has been recorded. In the state-owned banking segment, the ratio rose from 3.2% to 3.4%, while in private banks it increased from 2.6% to 2.7%. Across the sector as a whole, the NPL share grew from 3.0% to 3.2%.

A separate trend is observed among banks whose shares are actively traded on the capital market. At Uzpromstroybank, the NPL ratio increased from 2.5% to 3.7%, while at Business Development Bank it declined slightly from 4.5% to 4.4%. At Aloqabank, the indicator rose from 2.5% to 3.4%, and at Turonbank from 3.4% to 3.7%.

At the same time, several banks reported a decline in problem loans. At Ipoteka Bank, the ratio decreased from 3.5% to 2.6%, while at AVO Bank it fell from 8.2% to 6.2%. At Hamkorbank, the increase was marginal, from 0.8% to 0.9%, while at Ipak Yuli Bank it rose from 1.1% to 1.4%.

More pronounced changes were recorded at several other financial institutions. At Trustbank, the NPL share increased from 3.5% to 4.1%, at Asakabank from 3.6% to 4.2%, at TBC Bank from 5.7% to 7.0%, at Anor Bank from 4.7% to 5.5%, and at Tenge Bank from 2.8% to 3.9%. The most significant increase was observed at Garant Bank, where the ratio rose from 4.9% to 11.9%.