Uzbekistan’s banks increase net profit by 52.5% to UZS 13.8 trillion
Uzbekistan’s commercial banks earned UZS 13.8 trillion in net profit as of September 1, 2026, up 52.5% from a year earlier, as both interest and non-interest income increased.
Uzbekistan’s banks lifted net profit by 52.5% to UZS 13.8 trillion.
Central Bank data showed that profit before tax increased 43.9% year on year to UZS 15.7 trillion.
Interest income rose 18.1% to UZS 97.3 trillion, while interest expenses climbed 21.7% to UZS 70 trillion. As a result, the sector’s interest margin grew 9.8% to UZS 27.3 trillion.
Non-interest income expanded even more sharply, up 47.2% to UZS 68.9 trillion. Operating expenses also increased, rising 27.1% to UZS 23.3 trillion. Provisions for possible losses on loans and leasing went up 35.4%, also reaching UZS 23.3 trillion.
Return on assets for the sector improved from 2% to 2.4%, and return on equity rose from 11.2% to 14.4%. At the same time, net interest income as a share of total assets slipped from 4.3% to 4%.
Largest banks account for 68% of profits
The 12 largest banks, each with assets of at least UZS 30 trillion, posted UZS 9.3 trillion in net profit, equal to 68% of the sector’s total.
Total capital in the banking sector rose 17.6% over the year to UZS 151.5 trillion. Charter capital increased 10.7% to UZS 101.1 trillion, while retained earnings jumped 51.5% to UZS 33.2 trillion. Regulatory capital was UZS 169.2 trillion.
The capital adequacy ratio improved from 17.9% to 18.3%, and the Tier 1 capital adequacy ratio rose from 14.9% to 15.2%. The common equity Tier 1 capital adequacy ratio slipped from 14.9% to 14.8%.
Liquidity indicators improve
Banks’ high-quality liquid assets climbed 48.9% year on year to UZS 222 trillion. Their share of total assets increased from 18% to 22.3%.
The liquidity coverage ratio rose from 198.4% to 269.4%, far above the regulatory minimum of 100%. The net stable funding ratio also increased, from 116.3% to 132.5%.
The immediate liquidity ratio, however, declined from 119.4% to 101.5%, still above the required minimum of 25%.
As of September 1, Uzbekistan had 35 commercial banks, down from 36 a year earlier. Four banks had capital of at least UZS 10 trillion each, and together they accounted for 39.2% of the sector’s total capital.