Uzbekistan Banking System Revenue and Profit Surge

Tashkent, Uzbekistan (UzDaily.uz) — The profitability of the banking sector of the Republic of Uzbekistan is demonstrating steady, outperforming growth. According to an official statistical report from the Central Bank, as of 1 June 2026, the aggregate interest income of the country's financial system reached 59.3 trillion soums.

This figure increased by 19% compared to the same period last year, which was made possible by the systematic expansion of the aggregate loan portfolio and general growth in the volume of income-generating interest assets of commercial banks.

In parallel with the growth in income, an increase in operating costs was recorded. Interest expenses of the banking system grew by 23% over the 12-month period, amounting to 42.6 trillion soums in absolute terms. Despite the rising cost of attracted resources, the net interest margin of the financial sector reached 16.7 trillion soums during the reporting period, exceeding the previous year's result by 11%.

Qualitative changes in the internal structure of income indicate an active diversification of the banking business through the development of non-credit products. Non-interest income of commercial banks showed a sharp jump, increasing by almost 61% to reach 42.8 trillion soums.

This significant dynamic is driven by the intensification of the activities of credit organizations in providing transactional services and a substantial increase in commission fees. Meanwhile, the net non-interest income of the financial system demonstrated growth of more than 2.5 times in annual terms, rising to the level of 15.8 trillion soums.

Against the background of expanding operational activities and optimizing internal processes, the country's key commercial banks significantly improved their performance indicators. The total net profit of the banking system of Uzbekistan as of the beginning of June amounted to 8.5 trillion soums, which is 67% higher than the indicators for the same period of the previous year.

Positive structural shifts are confirmed by macroeconomic indicators of profitability and returns. The return on assets of the banking sector (the ROA indicator) rose from 1.9% to 2.4% in annualized terms. At the same time, the return on equity (the ROE indicator) increased from 10.3% to 14.5%.

The Central Bank emphasizes that the comprehensive improvement in key profitability parameters directly indicates the further strengthening of the overall financial stability of the country's banking sector, a qualitative expansion of profit generation sources, and a growth in the efficiency of financial services provided to the population and business.