Net Profit of Uzbekistan Banks Increases 2.2 Times in 2025

Tashkent, Uzbekistan (UzDaily.uz) — The net profit of Uzbekistan's banking system reached 15.5 trillion soums by the end of 2025, increasing 2.2 times compared to 2024, according to the Central Bank's financial stability review published in July.

The return on equity (ROE) of the banks rose by 5.8 percentage points during the year, reaching 12.4% as of 1 January 2026.

The return on assets (ROA) increased by 0.8 percentage points to 2.2%. This growth was driven by net interest income, which gained 11%, and non-interest income, which grew by 39%.

The quality of the loan portfolio improved. The volume of non-performing loans (NPL) decreased by 15% over the year to 18.1 trillion soums, and their share in the total portfolio fell by 1 percentage point to 3%.

By this indicator, Uzbekistan approached the median of European and Central Asian countries, excluding high-income states. The non-performing loan provision coverage ratio grew by 7 percentage points to 53%.

The ratio of non-performing loans, net of provisions, to the regulatory capital of banks decreased from 10% to 6%. The Central Bank interprets this as an increase in the system's resilience to potential credit losses.

Liquidity also improved. The share of highly liquid assets in the total assets of banks reached 21%, increasing by 4 percentage points over the year. The volume of such assets grew by 42%, primarily due to investments in government securities, which gained 81%, and funds in Central Bank accounts, which rose by 27%.

The financial stress index of the banking system fell to an all-time low in 2025. The regulator attributes this to the stable situation in the domestic foreign exchange and money markets.

The Central Bank publishes its financial stability review twice a year. The current edition was prepared based on data as of 1 January 2026.