Ipoteka Bank Leads Uzbek Banks for Non‑Performing Loans
Ipoteka Bank logged the largest stock of non‑performing loans among Uzbek lenders in March, with overdue credit totalling UZS 3.5 trillion. This total moves the bank ahead of the National Bank of Uzbekistan, the sector’s previous leader in problem loans.
As of April 1, system‑wide NPLs totalled UZS 23.5 trln, down 3.5 % from March 1. The sector’s overall NPL ratio fell to 4.3 %, compared with 4.5 % in February. The collective loan portfolio reached UZS 551.8 trillion in the first quarter, an increase of UZS 11.8 trillion month on month.
State‑owned banks
Most problem loans remain on the books of banks with state ownership, amounting to just over UZS 16 trillion—5.2 % lower than in February. Their combined loan portfolios grew to UZS 379.6 trillion, up almost UZS 9 trillion.
Uzmilliybank posted the largest NPL balance among state banks at UZS 3.4 trillion, though its NPL ratio stands at 3.2 %. Other leading figures include Agrobank at UZS 2.9 trillion (4.5 %), Uzbek Industrial and Construction Bank at UZS 2.8 trillion (4.1 %), Microcreditbank at UZS 1.2 trillion (6.6 %) and the Business Development Bank at UZS 1.8 trillion (8.1 %).
Private banks
Private banks reported a combined loan portfolio of UZS 172 trillion and NPLs of roughly UZS 7.3 trillion, representing 4.3 % of their total lending. Ipoteka Bank leads this segment with UZS 3.5 trillion in overdue loans, equal to 10.2 % of its portfolio.
Among private lenders, the highest NPL ratios are:
- Garant Bank – 23.4 %
- AVO Bank – 13.1 %
- Madad Invest Bank – 9.7 %
(An NPL is defined as a loan overdue by more than 90 days.)
Kursiv Uzbekistan previously reported that total NPLs stood at UZS 24.3 trillion as of March 1.
