The total net profit of Uzbekistan’s banking sector reached 15.26 trillion soums in January-September 2026, up 40.3% from 10.87 trillion soums in the same period last year, according to the Central Bank. The profit earned in the first nine months has already reached 98.5% of the banking sector’s total for the whole of 2025.
By the time of publication, almost all commercial banks had disclosed their financial statements for the first half of the year on the Unified Corporate Information Portal.
Bankers.uz reports that most of the banking sector’s net profit growth came from a single lender: Ipoteka Bank’s net profit increased by 1.97 trillion soums year-on-year, accounting for 44.9% of the sector-wide increase. Excluding the bank, the net profit of other banks rose by 22.4%.
Many domestic banks are state-owned and operate as development-oriented institutions rather than purely commercial entities. This explains the significant government support they receive, making it difficult to assess their profitability under purely market conditions.
The five most profitable banks each earned more than 1 trillion soums:
- Ipoteka Bank — 2.07 trillion soums;
- National Bank of Uzbekistan (NBU) — 1.55 trillion soums;
- Hamkorbank — 1.48 trillion soums;
- Kapitalbank — 1.31 trillion soums;
- Uzpromstroybank — 1.2 trillion soums.
Seven banks earned between 500 billion and 1 trillion soums:
- Xalq Bank — 837.3 billion soums;
- Ipak Yuli Bank — 821.7 billion soums;
- Trustbank — 766.8 billion soums;
- Orient Finance Bank — 724.6 billion soums;
- KDB Bank Uzbekistan — 644.6 billion soums;
- Davr Bank — 566.3 billion soums;
- InfinBank — 530.6 billion soums.
Ten banks reported profits of between 100 billion and 500 billion soums:
- Uzum Bank — 484.9 billion soums;
- Aloqabank — 409.1 billion soums;
- Asia Alliance Bank — 316.6 billion soums;
- Octobank — 266.4 billion soums;
- Business Development Bank — 259.5 billion soums;
- Asakabank — 229.4 billion soums;
- APEX BANK — 178.9 billion soums;
- Universalbank — 178.5 billion soums;
- Agrobank — 170.5 billion soums;
- ANORBANK — 104.5 billion soums.
Six banks earned between 10 billion and 100 billion soums:
- Ziraat Bank — 89.1 billion soums;
- Hayot Bank — 42.3 billion soums;
- Tenge Bank — 35.1 billion soums;
- Turonbank — 34 billion soums;
- Saderat Bank — 32.7 billion soums;
- Garant Bank — 20.5 billion soums.
Four banks earned less than 10 billion soums:
- mybank (formerly Madad Invest Bank) — 7.8 billion soums;
- Poytaxt Bank — 2.6 billion soums;
- Open Bank — 1.25 billion soums;
- AVO bank — 454.7 million soums.
Banks that reported losses in the first nine months:
- Microcreditbank — a loss of 50.4 billion soums;
- TBC Bank — a loss of 69.6 billion soums.
The English version of this material was generated with the assistance of AI translation tools and may differ slightly from the original text.
