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Uzbekistan shares data on interest expenses of banking sector for 2021

Uzbekistan Materials 27 January 2022 18:59 (UTC +04:00)
Uzbekistan shares data on interest expenses of banking sector for 2021

BAKU, Azerbaijan, Jan.27

By Natavan Rzayeva - Trend:

Interest income of the banking sector of Uzbekistan increased by 27.8 percent in 2021, compared to 2020 (37 trillion soums, or $3.4 billion), reaching 47.3 trillion soums ($4.3 billion), Trend reports via the Uzbek Central Bank.

During this period, the interest expenses of Uzbek banks increased by 33.7 percent compared to 2020 (23 trillion soums, or $2.1 billion), reaching 30.7 trillion soums ($2.8 billion).

In 2021, the interest margin amounted to 16.5 trillion soums ($1.5 billion),which is an increase of 18.1 percent compared to 2020 (14 trillion soums, or $1.2 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 in 2021 increased by 9.35 percent compared to 2020 (140 billion soums, or $12.9 million), reaching 1.3 trillion soums ($121 billion).

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