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Assets of Uzbekistan's commercial banks grow

Uzbekistan Materials 16 February 2024 03:15 (UTC +04:00)
Kamol Ismailov
Kamol Ismailov
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TASHKENT, Uzbekistan, February 16. Uzbek commercial banks' assets amounted to 652.1 trillion soums ($52.9 billion) as of January 1, 2024, Trend reports.

The data from the Central Bank of Uzbekistan shows that the real growth of assets totaled 12 percent year-on-year.

Banks' assets in foreign currency exceeded 291.7 trillion soums ($23.6 billion) by the end of 2023.

The credit investments of commercial banks amounted to 471.4 trillion soums ($38.2 billion) as of January 1, 2024, which is 16 percent more year-on-year. Loans in foreign currency amounted to 212.3 trillion soums ($17.2 billion).

Deposits grew by 9 percent to 241.6 trillion soums ($19.6 billion) as of January 1, 2024. Deposits in foreign currency exceeded 72.1 trillion soums ($5.8 billion). The total capital of commercial banks reached 97 trillion soums ($7.8 billion) as of January 1, 2024. Real growth totaled 22 percent over the year.

Meanwhile, the volume of Uzbek commercial banks' problem loans amounted to 16.6 trillion soums ($1.3 billion) as of January 1, 2024.

The data from the Central Bank of Uzbekistan shows that the share of problem loans in the loan portfolio of commercial banks amounted to 3.5 percent.

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