Alokabank profit rises 63% in Q1 2026

Tashkent, Uzbekistan (UzDaily.com) — 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.