BAKU, Azerbaijan, Aug. 30
By Fakhri Vakilov – Trend:
The total volume of problem loans as of August 1, 2021, increased to almost $1.7 billion in Uzbekistan’s banks, which is 6.2 percent of the total loan portfolio, Trend reports citing Uzbekistan’s Central Bank.
Over the month, the volume of non-performing loans increased by 12.5 percent or by almost $198.1 million in monetary terms.
The main contribution to the growth of total delinquency was made by one financial institution.
Uzbekistan's National Bank significantly increased the volume of non-performing loans over the month. As of August 1, the total amount was $481.1 million, while in July it was at $301.9 million (+ $179.2 million).
The bank's share of NPL increased from 15 percent to 24 percent. The financial institution has suspended the issuance of commercial loans since the beginning of August due to the growth of delinquencies.
Some financial institutions share NPL more than half of the loan portfolio; Hi-Tech Bank (91.5 percent), Turkiston Bank (78.7 percent) and Uzagroexportbank (63.8 percent).
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