Uzbekistan Banks’ Net Profit Rises 52.5% to 13.8tn Soums

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s commercial banks recorded a combined net profit of 13.8 trillion soums as of 1 September 2026, an increase of 52.5% compared with the same date a year earlier, according to the Central Bank of Uzbekistan.

Profit before tax rose by 43.9% to 15.7 trillion soums.

Banks’ interest income increased by 18.1% to 97.3 trillion soums, while interest expenses grew by 21.7% to 70 trillion soums. As a result, net interest income rose by 9.8% to 27.3 trillion soums.

Non-interest income increased by 47.2% to 68.9 trillion soums, while operating expenses climbed by 27.1% to 23.3 trillion soums. Provisions for potential losses on loans and leasing rose by 35.4% to 23.3 trillion soums.

Return on assets (ROA) improved from 2% to 2.4%, while return on equity (ROE) increased from 11.2% to 14.4%. However, net interest income as a share of total assets declined from 4.3% to 4%.

The 12 largest banks, each with assets of at least 30 trillion soums, accounted for 9.3 trillion soums in profit, or 68% of the sector’s total.

The banking sector’s aggregate capital increased by 17.6% year on year to 151.5 trillion soums. Share capital grew by 10.7% to 101.1 trillion soums, while retained earnings rose by 51.5% to 33.2 trillion soums. Regulatory capital totalled 169.2 trillion soums.

The capital adequacy ratio increased from 17.9% to 18.3%, while the Tier 1 capital adequacy ratio rose from 14.9% to 15.2%. The common equity Tier 1 capital adequacy ratio edged down from 14.9% to 14.8%.

Banks’ high-quality liquid assets increased by 48.9% over the year to 222 trillion soums. Their share of total assets rose from 18% to 22.3%.

The liquidity coverage ratio increased from 198.4% to 269.4%, against a minimum requirement of 100%. The net stable funding ratio rose from 116.3% to 132.5%.

The instant liquidity ratio declined from 119.4% to 101.5%, remaining above the minimum requirement of 25%.

Uzbekistan had 35 commercial banks as of 1 September 2026, compared with 36 a year earlier.

Four banks had aggregate capital of at least 10 trillion soums each, accounting for 39.2% of the banking sector’s total capital.