Tashkent, Uzbekistan (UzDaily.uz) — Total assets of Uzbekistan’s banking sector reached 1,016.6 trillion soums as of 1 August 2026, up 19.3% year on year. Banks’ net profit stood at 12.3 trillion soums, compared with 7.3 trillion soums a year earlier, the Central Bank of Uzbekistan said.
Banks’ loan portfolio grew 11.9% year on year to 644.6 trillion soums, while deposits increased 33.9% to 482.7 trillion soums. Total sector capital reached 150.6 trillion soums, up 18.6%. The loan-to-deposit ratio declined from 159.9% to 133.6%.
The share of foreign-currency assets declined across all major indicators. Its share in assets fell from 39.1% to 34.7%, in loans from 40.5% to 38.7%, and in deposits from 24.1% to 19.2%.
Banks’ interest income amounted to 84.4 trillion soums, compared with 71.4 trillion soums a year earlier, while interest expenses rose to 60.8 trillion soums from 49.8 trillion soums.
Net interest margin increased to 23.6 trillion soums from 21.6 trillion soums. Non-interest income rose from 40.6 trillion to 61.5 trillion soums.
The provision for possible losses on loans and leasing amounted to 21 trillion soums, compared with 15.6 trillion soums a year earlier. Pre-tax profit reached 14.1 trillion soums, up from 8.9 trillion soums. Return on assets increased from 1.89% to 2.5%, while return on equity rose from 10.43% to 14.83%.
The banking sector’s capital adequacy ratio increased from 17.5% to 18.4%, while Tier 1 capital adequacy rose from 14.6% to 15.4%. Regulatory capital stood at 168.3 trillion soums, compared with 140.3 trillion soums a year earlier.
High-liquid assets increased from 145.9 trillion to 222.8 trillion soums, while their share of total assets rose from 17.8% to 22.7%. The liquidity coverage ratio increased from 206% to 265.4%, while the net stable funding ratio rose from 117% to 133.1%, against a minimum requirement of 100% for both indicators. The instant liquidity ratio declined from 121.8% to 98.7%, compared with a minimum requirement of 25%.
Non-performing loans stood at 23.9 trillion soums as of 1 August, accounting for 3.7% of the loan portfolio. The ratio was 4% at banks with state ownership and 3.2% at other banks. The highest shares of non-performing loans were recorded at TBC Bank (13.1%), Poytaxt Bank (10.5%) and Mikrokreditbank (9.9%). UzKDB Bank and Octobank reported no non-performing loans.
The number of commercial banks declined from 36 to 34 over the year. Banks with state ownership control 62% of system assets, 65.5% of loans and 51.4% of deposits. UzNatsBank remains the largest bank by assets, with 145.8 trillion soums, followed by Agrobank with 124.2 trillion soums and Uzpromstroybank with 105.2 trillion soums. Among banks without state ownership, Kapitalbank leads with assets of 62.1 trillion soums and deposits of 48.9 trillion soums. The 12 banks with assets of at least 30 trillion soums account for 79% of total sector assets.
Since the beginning of 2026, the loan portfolio has grown by 6.7%. Loans to individuals increased by 8.9% to 239.8 trillion soums. Mortgage loans rose 11% to 88.1 trillion soums, microcredit to individuals increased 15.5% to 46.7 trillion soums, microloans grew 4.7% to 51.1 trillion soums, and auto loans increased 2% to 40.5 trillion soums. Education loans declined 1.3% to 6.8 trillion soums. Loans to legal entities increased 5.5% to 404.8 trillion soums.
Individuals held 185.2 trillion soums in deposits, while deposits of legal entities amounted to 297.5 trillion soums. Demand deposits accounted for 29.4% of the total, short-term deposits for 36.4%, and long-term deposits for 34.2%, compared with 36.9% a year earlier.
By region, Tashkent accounted for 292.8 trillion soums in loans, or 45.4% of the total portfolio, and 367.1 trillion soums in deposits, or 76.1% of the overall volume.
Among the regions, the largest loan volumes were recorded in Ferghana Region at 37.6 trillion soums and Samarkand Region at 33.3 trillion soums.
