Tashkent, Uzbekistan (UzDaily.uz) — Total assets of Uzbekistan’s commercial banks reached 1,025.8 trillion soums as of 1 September 2026, an increase of 18.8% year-on-year.
Over the same period, the loan portfolio grew by 11.7% to 648.9 trillion soums, while deposits rose by 34.1% to 487.6 trillion soums, according to the Central Bank of the Republic of Uzbekistan.
The banking sector’s total capital reached 151.5 trillion soums, up 17.6% from a year earlier.
Banks’ net profit stood at 13.8 trillion soums as of 1 September 2026, compared with 9 trillion soums on the same date last year, an increase of 52.5%. Banks’ liabilities rose by 19.1% year-on-year to 874.3 trillion soums, while deposits’ share of liabilities increased from 49.5% to 55.8%.
Deposits grew faster than loans, and the loan-to-deposit ratio declined from 1.6 to 1.33 over the year. The share of foreign-currency-denominated assets decreased across the main indicators: from 39% to 33.7% of assets, from 40.3% to 38.2% of loans, and from 22.8% to 18.8% of deposits.
Uzbekistan had 35 commercial banks, compared with 36 a year earlier. The nine banks with state ownership accounted for 61.2% of sector assets, 65% of loans and 51% of deposits. However, state-owned banks’ assets grew by 11.6% over the year, while those of the other 26 banks increased by 32.5%.
UzNatsbank remained the country’s largest bank by assets, with 142.8 trillion soums, accounting for 13.9% of the sector’s total.
It was followed by Agrobank, with 126.3 trillion soums, and Uzpromstroybank, with 101.8 trillion soums. The 12 banks with assets exceeding 30 trillion soums accounted for 78.5% of all banking sector assets.
The banking sector’s capital adequacy ratio stood at 18.3%, compared with 17.9% a year earlier.
Return on assets (ROA) increased from 2% to 2.4%, while return on equity (ROE) rose from 11.2% to 14.4%.
Non-performing loans (NPLs) totalled 24 trillion soums as of 1 September, equivalent to 3.7% of the loan portfolio.
Banks’ highly liquid assets increased to 222 trillion soums, raising their share of total assets to 22.3%, up from 18% a year earlier.
