TASHKENT, Uzbekistan, February 15. The loan portfolio of Uzbekistan's banking system amounted to 471.4 trillion soums ($38.2 billion) by the end of 2023, which is 21 percent higher year-on-year, Trend reports.
According to Central Bank of Uzbekistan data, banks allocated
148.6 trillion soums ($12 billion) to individuals in 2023, a 47
percent increase over the previous year.
Loans to legal businesses climbed by 12 percent, reaching 322.7
trillion soums ($26.1 billion) in 2023.
The Central Bank reports that people obtained 58.1 trillion soums
($4.7 billion) in mortgage loans (25 percent growth), 44.5 trillion
soums ($3.6 billion) in consumer loans (92 percent growth), and
24.5 trillion soums ($1.9 billion) in microcredits (67 percent
growth). Loans for education totaled 4.7 trillion soums, or $381.4
million (131 percent growth), while loans for entrepreneurship
development totaled 16.3 trillion soums, or $1.3 billion (13
percent growth).
Loans worth 140.1 trillion soums or $11.3 billion (30 percent of the total loan portfolio) were directed to industry, 47.2 trillion soums or $3.8 billion (10 percent) to agriculture, 34.3 trillion soums or $2.7 billion (7 percent) to transport and communications, and 32.5 trillion soums or $2.6 billion (7 percent) to trade and catering.
Meanwhile, the volume of Uzbek commercial banks' problem loans amounted to 16.6 trillion soums ($1.3 billion) as of January 1, 2024.
The data from the Central Bank of Uzbekistan shows that the share of problem loans in the loan portfolio of commercial banks amounted to 3.5 percent.
