TASHKENT, Uzbekistan, July 18. The volume of non-performing loans in Uzbekistan's commercial banks amounted to 20 trillion soums ($1.5 billion) as of July 1, Trend reports.
The data from the Central Bank of Uzbekistan shows that the loan portfolio of banks amounted to 493.9 trillion soums ($39.2 billion). The share of problem loans in the total loan portfolio of banks amounted to 4 percent.
Problem loans in state-owned banks exceeded 15.1 trillion soums ($1.2 billion), which is 4.4 percent of state financial institutions' loans (345.5 trillion soums, or $27.4 billion).
Non-state banks have problem loans amounting to 4.8 trillion soums ($381.5 million), which is 3.3 percent of their total loan portfolio (148.4 trillion soums, or $11.7 billion).
The National Bank of Uzbekistan accounted for the largest volume of problem loans among state-owned banks, with 2.9 trillion soums ($230.5 million). Among non-state banks, Ipoteka Bank (2.6 trillion soums, or $206.6 million) holds the leading position.
Meanwhile, Uzbek commercial banks’ problem loans reached 20.8 trillion soums ($1.6 billion) as of March 1.