TASHKENT, Uzbekistan, July 19. Ipoteka Bank reported a net loss of 392.5 billion soms ( $32.7 million) for the first half of 2025, a sharp reversal from a net profit of 191.8 billion soms ($16.0 million) recorded in the same period last year, Trend reports.
The bank’s interest income grew by 7.2 percent, reaching 5.5 trillion soms ($458 million). Meanwhile, non-interest income saw more robust growth, rising by 38.5 percent to over 2.1 trillion soms ($175 million).
Total assets increased by 3.5 percent to 50.7 trillion soms ($4.23 billion) as of the end of June. However, the bank’s capital declined by 10.6 percent to 6.9 trillion soms ($575 million), reflecting growing pressure on its financial stability.
As of June 1, 2025, Ipoteka Bank’s loan portfolio stood at 35.4 trillion soms ($2.95 billion), representing a 1.4 percent decrease compared to the same period last year.
The share of non-performing loans (NPLs) rose significantly from 6.6 percent to 9.5 percent year-on-year—highlighting increased credit risk and potential challenges in the bank’s lending strategy.
