Ipoteka Bank in Uzbekistan posted a net loss of UZS 30.7 bn (USD 2.4 mln) in the first quarter of 2025, compared to a profit of UZS 3.6 bn (USD 278,000) during the same period last year, according to the bank’s financial statement.
The bank’s financial performance has been under pressure due to the growth in problem loans. The share of these loans in the bank’s portfolio has increased to 10.2%, reaching UZS 3.2 trillion (USD 247 mln). The bank now estimates potential losses from loans and leasing at UZS 1.6 trillion (USD 123 mln).
Interest income rose by 7.3%, while non-interest income increased by 57.5%.
The total loan portfolio decreased by 7%, to UZS 34.4 trillion (USD 2.7 bn), and capital fell to UZS 7.3 trillion (USD 565 mln).
Earlier, Kursiv Uzbekistan reported that the IMF recommended Uzbekistan speed up the privatisation of state-owned banks.
