BAKU, Azerbaijan, Dec.28
By Natavan Rzayeva - Trend:
Interest expenses of the banking sector of Uzbekistan increased by 34.2 percent from January through November 2021, compared to the same period last year (20.7 trillion soums, or $1.9 billion), reaching 27.9 trillion soums ($2.5 billion), Trend reports via the Uzbek Central Bank.
During this period, the interest income of Uzbek banks increased by 27.9 percent compared to the same period in 2020 (33.4 trillion soums, or $3 billion), reaching 42.8 trillion soums ($3.9 billion).
The interest margin from January through November 2021 amounted to 14.9 trillion soums ($1.3 billion), increasing by 17.7 percent, in comparison with the figure for the corresponding period last year (12.6 trillion soums, or $1.1 billion).
At the same time, non-interest income reached 1.8 trillion soums ($175.5 million), showing an increase of 3.4 times, compared to the specified period last year (573 billion soums, or $53 million).
Net profit of the banking sector of Uzbekistan from January through November 2021 increased by 9.5 percent compared to the same period in 2020 (5.1 trillion soums, or $478 million), reaching 5.6 trillion soums ($523.8 million).
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