Uzbekistan’s Major Banks See Decline in Stability and Efficiency

Several of Uzbekistan’s largest banks recorded weaker performance and stability in the first quarter of 2025, according to the latest index from the Centre for Economic Research and Reforms (CERR), obtained by Kursiv.

The financial intermediation indicator, which compares loans to deposits and liabilities, showed significant movements in the rankings. Turon Bank fell eight places, while Asaka Bank and Business Development Bank each dropped two positions.

Ipoteka Bank remained in the bottom twenty of the ranking, largely due to poor asset quality and a high proportion of non-performing loans. Microcreditbank and Business Development Bank also saw sharp declines, losing six and five places respectively.

In terms of profitability, Agrobank ranked among the lowest performers, while People’s Bank dropped three positions.

At the top of the index, Kapitalbank and Hamkorbank achieved the strongest results among major banks. Asia Alliance Bank, Anor Bank and Trust Bank completed the top five.

The most notable declines in activity were recorded by the National Bank of Uzbekistan, Microcreditbank and Invest Finance Bank.