The volume of problematic loans in Uzbekistan has risen by 1 trillion sums.
The Volume of Non-Performing Loans in Uzbekistan Increased by 1 Trillion Soums
In January of this year, the volume of non-performing loans (NPL) rose by 1 trillion soums. This was reported by the country's central bank.
The total amount of non-performing loans reached 14.9 trillion soums.
Of this, 13.5 trillion soums are attributed to state banks, while the remaining 1.3 trillion soums are associated with commercial banks.
The state bank with the highest amount of non-performing loans is “Halk Bank,” which accounts for 11.2% of NPL.
Among private banks, the highest percentage of non-performing loans was found at the former state bank “Uzagroexportbank,” with a rate of 96.8%.
Non-Performing Loan – A loan becomes non-performing when there is a consistent failure to adhere to the established payment schedule, a decline in the liquidity of the collateral, or the emergence of circumstances that threaten the fulfillment of obligations to the bank. Non-performing loans are identified through a personalized analysis of the client's data. If the problematic nature is confirmed, the loan will undergo a special 10-day monitoring period, during which specialists will track the payment dynamics.