The Center for Economic Research and Reforms updated the bank ratings based on the results of the third quarter of 2026

The Center for Economic Research and Reforms updated the bank rating based on the results of the third quarter of 2026

The Center for Economic Research and Reforms published an updated rating of banks based on the results of the "Bank Activity Index" for the third quarter of 2026.

The study included 34 commercial banks of the republic. For the purpose of mutual comparison of results, 20 banks were grouped into large banks and 14 into small banks.

The index was calculated based on 27 sub-indicators grouped into 7 areas. These include financial intermediation and financial inclusion, capital adequacy, asset quality, management efficiency, earning capacity, and liquidity.

Indicator values are compared with average levels across the banking system and current international standards, including the requirements of the Basel Committee on Banking Supervision. International approaches to assessing the financial stability of banks are also taken into account when calculating the index.

Activity rating of large banks

According to the results of the third quarter of 2026, the activity rating position of 10 out of 20 large banks has changed. In particular, 10 banks retained their positions, 5 banks rose to higher steps, and 5 banks moved down in the overall rating.

The top four positions remained unchanged. "Kapitalbank", "Hamkorbank", "Asia Alliance Bank", and "Trastbank" remain the rating leaders. At the same time, "Ipak Yuli Bank" rose by 3 positions and entered the top five leaders.

The largest growth was observed in "Ipak Yuli Bank" and "Xalq Banki". Each of them climbed 3 positions. The most significant decline was recorded in "Ipoteka-bank" and "Anorbank". Both banks lost 3 positions each.

Main changes by index areas

According to the results of the third quarter of 2026, the highest positive dynamics were observed in the areas of financial inclusion and financial intermediation. At the same time, the number of banks whose positions declined in terms of capital adequacy and asset quality exceeded the number of banks that improved their results. Management efficiency and earning capacity indicators remained relatively stable.

In terms of financial inclusion, 9 large banks improved their positions, 5 declined, and another 6 retained their previous positions. The highest growth was observed in "Asia Alliance Bank", which rose by 3 positions. "National Bank of Uzbekistan" and "Asakabank" improved their results by 2 positions each. The most significant decline was recorded in "Tenge Bank", which fell by 7 positions.

In terms of financial intermediation, 7 banks improved their positions, 6 declined, and another 7 retained their previous positions. The highest growth was observed in "Microcreditbank", which rose by 5 positions. "Ipak Yuli Bank" improved its result by 3 positions, and "Davrbank" by 2 positions. The most significant decline was recorded in "Turonbank", which fell by 8 positions.

In terms of asset quality, 6 banks improved their positions, 8 declined, and another 6 retained their previous positions. The highest growth was recorded in "Trastbank" by 5 positions and "Asakabank" by 3 positions. The most significant decline was observed in "Business Development Bank", which fell by 3 positions. "Uzpromstroybank" and "Aloqabank" lost 2 positions each.

In terms of capital adequacy, positive dynamics were observed in 6 banks, 8 declined, and another 6 retained their previous positions. The highest growth was recorded in "Tenge Bank", which climbed by 10 positions. "Turonbank" improved its result by 3 positions. Meanwhile, "Ipak Yuli Bank", "Microcreditbank", and "Business Development Bank" dropped by 4 positions each.

In terms of management efficiency, 3 banks improved their positions, 4 declined, and 13 retained their previous positions. The highest growth was observed in "Kapitalbank", which rose by 2 positions. "National Bank of Uzbekistan" and "Asakabank" improved their results by 1 position each. A decline of 1 position was recorded in "Orient Finans Bank", "Xalq Banki", "Davrbank", and "Agrobank".

In terms of earning capacity, 2 banks improved their positions, 4 declined, and another 14 retained their previous positions. "Xalq Banki" and "Turonbank" rose by 2 positions each. At the same time, "Kapitalbank", "Ipoteka-bank", "Asakabank", and "Agrobank" lost 1 position each.

In terms of liquidity, 6 banks improved their positions, 7 declined, and another 7 retained their previous positions. The highest growth was observed in "Asakabank", which rose by 4 positions. "Trastbank", "National Bank of Uzbekistan", "Davrbank", and "Business Development Bank" improved their results by 2 positions each. The most significant decline was recorded in "Infinbank" by 4 positions and "Anorbank" by 3 positions.

Transformation processes

The rating results show that a number of banks have improved their positions in access to financial services and financial intermediation. At the same time, disparities in loan portfolio quality, liquidity, and management efficiency persist.

Expanding access to loans and other financial services for the population and businesses, as well as improving loan portfolio quality and risk management, will serve to strengthen the financial stability of banks.

Activity rating of small banks

According to the results of the third quarter of 2026, the rating position of 10 out of 14 small banks changed. In particular, 5 banks improved their positions, 5 declined, and another 4 retained their previous positions.

The top three remained unchanged. "TBC Bank", "Universal Bank", and "AVO Bank" retained the top positions.

The highest growth was recorded by "Garant Bank", rising by 6 positions at once in the rating, from 14th to 8th place. At the same time, "Hayot Bank", "Madad Invest Bank", and "Poytaxt Bank" worsened their results by 3 positions.

Main changes by index areas

The most significant shifts were observed in the areas of financial intermediation, capital adequacy, and asset quality. The future strengthening of banks' positions will depend on loan portfolio quality, risk management, and the stability of financial results.