Non-Performing Loans in Uzbekistan Reach 20.5 Trillion Soums — 3.5% of Total Portfolio

Tashkent, Uzbekistan (UzDaily.com) — As of 1 December 2025, the volume of non-performing loans (NPLs) in Uzbekistan’s banking sector reached 20.545 trillion soums, representing 3.5% of the total loan portfolio, which amounts to 595.309 trillion soums, according to data from the Central Bank of the Republic of Uzbekistan.

State-owned banks hold 401.863 trillion soums in loans, of which 14.582 trillion soums are classified as problematic, corresponding to 3.6% — slightly above the market average.

UzNatsbank, the largest bank by portfolio, has 104.878 trillion soums in loans and 3.534 trillion soums in NPLs (3.4%). At Agrobank, non-performing loans total 2.741 trillion soums (3.4% of a portfolio of 80.403 trillion soums).

At Uzpromstroybank, NPLs amount to 1.981 trillion soums (3.1% of 64.937 trillion soums). The highest share of problematic assets among major state banks is observed at the Bank for Business Development — 1.390 trillion soums, or 5.7% of its 24.445 trillion soums portfolio — and at Microcreditbank — 971 billion soums, or 4.8%.

Asaka Bank reports 1.905 trillion soums in NPLs (4.5% of its 41.981 trillion soums portfolio). At the People’s Bank, the NPL share is 3.4% (1.107 trillion soums). Turonbank demonstrates one of the lowest levels among state banks — 390 billion soums, or 2.8%.

The private sector shows a generally healthier picture, with a total portfolio of 193.446 trillion soums and 5.964 trillion soums in non-performing loans, or 3.1%.

Among large private banks, the highest NPL ratios are seen at TBC Bank — 578 billion soums, or 5.6% of its 10.262 trillion soums portfolio, followed by Ipoteka Bank with 1.728 trillion soums (5.0% of 34.407 trillion soums) and Anor Bank with 450 billion soums (4.7%).

The lowest ratios are observed at Orient Finans Bank — 67 billion soums, or 0.5%, Ipak Yuli Bank — 212 billion soums (1.3%), and Hamkor Bank, one of the leaders in asset quality, with NPLs totaling 231 billion soums, or 1.0%.

In several smaller banks, non-performing loans are practically absent: UzKDB and Oktobank reported no NPLs, while Uzum Bank has a zero level with a portfolio of 56 billion soums.

The highest level of risky assets is recorded at Poytakht Bank, where problematic loans account for 18% of a portfolio totaling just 284 billion soums. AVO Bank and Garant Bank also stand out, with NPL shares of 8.8% and 8.4%, respectively.