Tashkent, Uzbekistan (UzDaily.uz) — Non-performing loans (NPLs) at commercial banks in Uzbekistan totalled 24 trillion soums as of 1 September 2026, accounting for 3.7% of the banking system's total loan portfolio of 648.9 trillion soums, according to the Central Bank of the Republic of Uzbekistan.
Nine banks with state ownership accounted for 421.5 trillion soums in loans, or approximately 65% of the total banking sector portfolio. Their non-performing loans amounted to 16.5 trillion soums, representing 3.9% of their combined portfolio, above the system-wide average.
The remaining 26 banks had a combined loan portfolio of 227.5 trillion soums, including 7.5 trillion soums in non-performing loans. Their NPL ratio stood at 3.3%.
UzNatsbank had the largest loan portfolio in the banking system, at 104 trillion soums. Of this amount, 3.17 trillion soums, or 3.1%, were classified as non-performing loans.
Agrobank had a portfolio of 94.7 trillion soums and the largest absolute volume of NPLs in the banking system, at 3.21 trillion soums. Its NPL ratio was 3.4%.
At Uzpromstroybank, non-performing loans totalled 1.8 trillion soums against a loan portfolio of 59.1 trillion soums, giving an NPL ratio of 3.1%.
Among banks with state ownership, Microcreditbank recorded the highest NPL ratio, at 9.2%. Its non-performing loans amounted to 2.1 trillion soums out of a total portfolio of 23.2 trillion soums.
Business Development Bank followed with an NPL ratio of 5.8%, while Asaka Bank recorded 4.4% and People's Bank 4.1%. Turonbank and Aloqabank each reported a ratio of approximately 3.8%.
Across the banking system, TBC Bank had the highest proportion of non-performing loans, at 13.4%. Of its 7.7 trillion soum loan portfolio, 1 trillion soums was classified as non-performing.
Poitaxt Bank reported a similarly high NPL ratio of 13.2%, while Madad Invest Bank's ratio stood at 10%. Other banks with relatively high proportions of non-performing loans included Anor Bank, at 8.8%, or 1.1 trillion soums in absolute terms; Garant Bank, at 7.7%; and AVO Bank, at 6.8%.
Among the largest banks without state ownership, NPL ratios were below the banking system average. Kapitalbank, with a loan portfolio of 39.3 trillion soums, recorded a ratio of 2.9%. Ipoteka Bank, whose portfolio stood at 36.6 trillion soums, reported 3%.
Hamkorbank had an NPL ratio of 1.4% against a portfolio of 30.8 trillion soums. This was the lowest ratio among banks with loan portfolios exceeding 10 trillion soums.
Ipak Yuli Bank and Orient Finans Bank each reported NPL ratios below 2%.
As of 1 September 2026, UzKDB Bank and Octobank had no non-performing loans. Other banks reporting very low ratios included Uzum Bank, at 0.01%; Apex Bank, at 0.05%; Open Bank, at 0.5%; and Tayanch Microfinance Bank, at 0.6%.
