Trustbank profit rises 15.9% in first quarter

Tashkent, Uzbekistan (UzDaily.com) — Trustbank’s net profit amounted to 232.7 billion sums in the first quarter of 2026, increasing by 15.9% compared to the same period last year, according to the bank’s financial statements.

Alongside profit growth, the bank recorded a significant increase in provisions for potential credit losses. Estimated losses on loans and leasing operations rose from 43.8 billion sums to 156.9 billion sums year-on-year. This led to a decline in net interest income from 234.1 billion sums to 195.6 billion sums.

The bank’s loan portfolio reached 8.2 trillion sums as of March 1, 2026, marking a 40.2% year-on-year increase. At the same time, the share of non-performing loans (NPL) rose from 3.4% to 4.1%.

Total assets grew by 27.2% to 15.5 trillion sums, while capital increased by 23.5% to 3.7 trillion sums.

Overall revenues reached 1.0 trillion sums, up 43.3% compared to the previous year. Profit for the last 12 months stood at 897.2 billion sums, increasing by 10.2% year-on-year.

Despite stronger revenue performance, the rise in credit loss provisions and the growing share of non-performing loans indicate increasing credit risk within the bank’s portfolio.