Octobank’s net profit makes up 21.8 billion soums in the first quarter — UzDaily.uz
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Octobank’s net profit makes up 21.8 billion soums in the first quarter
Octobank’s net profit makes up 21.8 billion soums in the first quarter

Octobank’s net profit makes up 21.8 billion soums in the first quarter

Tashkent, Uzbekistan (UzDaily.com) -- Octobank’s net profit for the first quarter of 2024 made up 21.8 billion soums, which increases by 4969.1% compared to the same period in 2023.

A year earlier, the bank finished the first quarter with a net loss of 447.7 million soums.

According to the bank’s report, interest income for the year increased by 177.6% to 40.4 billion soums, and non-interest income by 267.6% to 250 billion soums.

The bank’s assets increased to 2.8 trillion soums, an increase of 223.2% during the reporting period. The bank also increased its capital by 288% to 501.1 billion soums.

The bank’s loan portfolio as of 1 April 2024 amounted to 144 billion soums (in the same period in 2023 - 309 billion soums). The share of problem loans (NPL) remained at 76.6%, while their volume decreased from 236 billion to 111 billion soums.

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