Finance

Alokabank profit rises 63% in Q1 2026

Alokabank profit rises 63% in Q1 2026
Alokabank profit rises 63% in Q1 2026

Tashkent, Uzbekistan (UzDaily.uz) — Alokabank reported strong growth in key financial indicators in the first quarter of 2026. The bank’s net profit amounted to 118.0 billion soums, increasing by 63.4% compared to the same period last year, when it stood at 72.2 billion soums.

Total assets reached 34.3 trillion soums, marking a year-on-year increase of 35.1%. Capital grew to 4.0 trillion soums, up 18.2%, while total income amounted to 1.5 trillion soums, reflecting a 20.5% increase.

The provision for expected credit losses decreased to 77.7 billion soums, down 59.1% compared to the previous year.

This contributed to an improvement in net interest income structure, which amounted to 98.9 billion soums, compared to a negative result in the same period last year.

Interest income increased from 700.3 billion soums to 939.6 billion soums. The loan portfolio expanded to 20.3 trillion soums, growing by 48% year-on-year.

At the same time, the share of non-performing loans (NPLs) rose from 2.6% to 3.6%, indicating continued risks in the credit portfolio amid expansion of lending operations.

Askar Yakubov
Askar Yakubov

Askar Yakubov is a professional photojournalist with extensive experience in news and reportage photography. He specializes in fast-paced coverage of social, political, cultural, international, business, and community events, with a sharp eye for capturing expressive shots and conveying the atmosphere of an event under tight time constraints. His skill set spans reportage, portrait, and documentary photography, along with image editing and color correction, and preparing photo materials for media and digital platforms. He is known for his professionalism, adherence to editorial standards, and ability to work both independently and as part of a shooting team.