Non-Performing Loans in Uzbek Banks Reach 3.6% in July

Non-performing loans (NPLs) within Uzbekistan's commercial banking sector climbed to 3.6% in July, totaling 22.9 trillion soums as of July 1, 2026. This figure represents the portion of the overall loan portfolio, which stands at 642.8 trillion soums, that is considered non-performing, according to data on the credit asset quality of the banking system.

State-owned banks reported a higher-than-average share of non-performing debt at 3.9%, while other banks maintained a lower rate of 2.9%. Within state banks, the situation varied: the National Bank of Uzbekistan, the nation's largest bank, registered an NPL ratio of 3.0% on its 107.1 trillion soum loan portfolio, and Agrobank's ratio was 3.5%. Microcreditbank recorded the highest proportion of bad loans among state lenders at 7.9% (1.8 trillion soums from a 22.8 trillion soum portfolio), followed by Business Development Bank at 5.8%.

Among non-state banks, TBC Bank exhibited the highest non-performing loan ratio in the entire banking system, reaching 12.1% on a portfolio of 8.3 trillion soums, with NPLs amounting to 1 trillion soums. Other non-state banks with high ratios included Anorbank at 7.4%, Poytaxt Bank at 7.3%, AVO Bank at 6.8%, and Garant Bank at 6.7%.

Hamkorbank and Asia Alliance Bank demonstrated the most robust portfolio quality, both with an NPL ratio of 1.2%, followed by Orient Finans Bank at 1.7%. Several smaller banks—KDB Bank Uzbekistan, Apex Bank, Octobank, and Uzum Bank—reported negligible non-performing debt, with ratios between 0% and 0.4%, though these figures are associated with considerably smaller loan portfolios.

Among prominent retail and mortgage lenders, Ipoteka-bank's NPL ratio was 3.0% on a 36.3 trillion soum portfolio, while Kapitalbank recorded 2.1% on a 38 trillion soum portfolio.