According to the updated data of the Central Bank, as of July 1, 2025, the share of non — performing loans (NPL) in the banking system of Uzbekistan decreased to 3.8% of the total loan portfolio. This is one of the lowest indicators in recent years, indicating a relative stabilization of asset quality in the banking sector.
In absolute terms, the volume of non-repaid loans decreased to 21.9 trillion soums. For comparison, at the beginning of June, this figure was 23.5 trillion. The decrease of more than 1.6 trillion soums indicates the intensification of work on debt restructuring and strengthening of internal control mechanisms over the quality of lending.
Among state-owned banks, the leading position in terms of problem debts is occupied by the National Bank — 3.2 trillion soums. Agrobank is in second place, and Uzpromstroybank closes the top three. These institutions remain under close regulatory scrutiny due to the size of their portfolios and the level of risk associated with previously issued loans.
In the private segment, the first place in terms of problem assets is occupied by "Ipoteka-Bank" with an indicator of 2.3 trillion soums. This is followed by Kapitalbank, whose share of problem loans amounted to 1.9 trillion. Despite the relative decline in the share of NPLs, such volumes remain significant from the point of view of systemic risks and require consistent work to increase the transparency of credit decisions.
The decline in the share of non-performing loans may be due to a complex of factors: from the settlement of previously overdue obligations to the growth of payment discipline in the business environment. At the same time, the regulator continues to implement mechanisms for early response to signs of deterioration in the quality of portfolios, including stress testing, monitoring of collateral and tightening requirements for the formation of reserves.
Maintaining the downward trend in NPL in the short term depends on macroeconomic stability, the growth rate of the domestic market, as well as on the ability of banks to effectively manage risks against the backdrop of structural changes in the economy.
