Non-performing loans (NPLs) at Uzbekistan’s banks increased by 33% in the first eight months of 2026, reaching UZS 24.02 trillion ($1.99bn) as of September 1, up from UZS 18.06 trillion ($1.50bn) at the beginning of the year, according to the Central Bank.
State-owned banks accounted for UZS 16.54 trillion ($1.37bn), or 69% of the total, compared with UZS 12.83 trillion ($1.06bn) at the start of the year. Their non-performing loan balances increased by approximately UZS 3.7 trillion ($306.5mn) over the eight-month period.
Agrobank and the National Bank of Uzbekistan recorded the largest volumes of problem loans among state-owned lenders, with approximately UZS 3.2 trillion ($265.0mn) each. Mikrokreditbank followed with more than UZS 2.14 trillion ($177.2mn).
Mikrokreditbank also recorded the largest increase in non-performing loans among banks during January–August, with its balance rising by nearly UZS 1.24 trillion ($102.7mn).
Private banks accounted for approximately UZS 7.5 trillion ($621.2mn) of non-performing loans as of September 1, up from UZS 5.2 trillion ($430.7mn) at the beginning of the year. The increase amounted to UZS 2.3 trillion ($190.5mn) over eight months.
Kapital Bank recorded the largest volume of problem loans among private lenders, at UZS 1.15 trillion ($95.2mn). Ipoteka-bank and Anorbank each reported approximately UZS 1.1 trillion ($91.1mn), while TBC Bank’s balance stood at UZS 1.03 trillion ($85.3mn).
Anorbank recorded the largest increase in non-performing loans among private banks, with its balance growing by UZS 632bn ($52.3mn) over the first eight months of the year.
The figures come amid continued growth in household borrowing in Uzbekistan. Daryo previously reported on the purposes for which people in the country most frequently take out loans.