Tashkent, Uzbekistan (UzDaily.com) — As of February 2025, the total loan portfolio of Uzbekistan’s banking sector increased by 1.1%, surpassing 540 trillion soums. The share of non-performing loans (NPL) remained at 4.5%, amounting to approximately 24.35 trillion soums.

The NPL ratio in state-owned banks remained stable at 4.6% (17.02 trillion soums), while private banks saw a slight increase from 4.2% to 4.3% (7.33 trillion soums).

After a sharp rise in January (from 4.0% to 4.5%), the overall level of overdue loans in the banking system remained unchanged at 4.5% in February.

Notably, some banks experienced an increase in NPL ratios: NBU from 3.5% to 3.7%, Ipoteka Bank from 10.1% to 11.0%, Kapitalbank from 4.7% to 4.9%, and Garant Bank saw the most significant rise from 18.6% to 21.7%.

Conversely, other banks managed to reduce their NPL ratios. Uzpromstroybank’s NPL ratio declined from 4.6% to 4.4%, Business Development Bank from 9.2% to 9.0%, InfinBank from 1.5% to 1.2%, and HamkorBank from 1.7% to 1.5%. The most notable improvement was observed in Madad Invest Bank, where the NPL ratio dropped from 19.5% to 11.0%.

NBU (4 trillion soums), Ipoteka Bank (3.81 trillion soums), and Uzpromstroybank (2.95 trillion soums) lead in absolute NPL volume.