According to financial reports, many local banks have concluded the quarter positively, despite the challenges in the banking sector. It is important to note that a significant number of these banks are state-owned and operate not merely as commercial entities but as development-focused organizations. This dual role often results in substantial government support, making it challenging to assess their profitability under purely market-driven conditions.
The top nine banks by profitability in the third quarter are as follows:
- National Bank of Uzbekistan — 1.3 trillion UZS
- Hamkorbank — 1.04 trillion UZS
- Kapitalbank — 921.8 billion UZS
- Uzpromstroybank — 801.6 billion UZS
- Orient Finance Bank — 688.7 billion UZS
- Ipak Yuli Bank — 682.2 billion UZS
- Trastbank — 554.3 billion UZS
- KDB Bank — 392.9 billion UZS
- Asia Alliance Bank — 307.4 billion UZS
Additionally, eight banks recorded profits ranging from 100 to 300 billion UZS:
- Davr Bank — 286.2 billion UZS
- TBC Bank — 274.4 billion UZS
- People's Bank — 222.2 billion UZS
- Mortgage Bank — 189.2 billion UZS
- InfinBank — 153.3 billion UZS
- Universal Bank — 125.9 billion UZS
- Octobank — 112.9 billion UZS
- Anor Bank — 100.5 billion UZS
Furthermore, seven institutions reported profits between 10 and 100 billion UZS:
- Asakabank — 64.7 billion UZS
- Ziraat Bank — 64.1 billion UZS
- Turonbank — 32.6 billion UZS
- Uzum Bank — 32.4 billion UZS
- Agrobank — 22 billion UZS
- Alokabank — 21.2 billion UZS
- Paytakh Bank — 11.4 billion UZS
On the other hand, three banks generated profits of less than 10 billion UZS:
- Smart Bank — 2.55 billion UZS
- Garant Bank — 1.4 billion UZS
- Tenge Bank — 921 million UZS
Notably, six banks reported losses, highlighting some of the challenges within the sector:
- Eurasian Bank — 12.5 billion UZS
- Yangi Bank — 16.2 billion UZS
- Hayot Bank — 22.5 billion UZS
- Apex Bank — 29.1 billion UZS
- AVO Bank — 83.4 billion UZS
- Business Development Bank — 279.06 billion UZS
It is worth noting that data regarding the profits of several private banks, such as Saderat Bank, is currently unavailable. The list of banks and their financial performance is expected to be updated as more reports are released.
