Spot has reviewed the financial reports of banks in Uzbekistan for the third quarter of 2024 and found that many ended October with profits.

Many local banks are state-owned and operate as development-oriented organizations rather than just commercial entities. This explains their substantial government support, which makes it challenging to objectively assess their profitability under purely market conditions.

The most profitable banks for the third quarter were the following nine:

  1. National Bank of Uzbekistan (NBU) – 1.3 trillion sums;
  2. Hamkorbank – 1.04 trillion sums;
  3. Kapitalbank – 921.8 billion sums;
  4. Uzpromstroybank – 801.6 billion sums;
  5. Orient Finance Bank – 688.7 billion sums;
  6. Ipak Yuli Bank – 682.2 billion sums;
  7. Trastbank – 554.3 billion sums;
  8. KDB Bank – 392.9 billion sums;
  9. Asia Alliance Bank – 307.4 billion sums;

Eight banks earned between 100 and 300 billion sums:

  1. Davr Bank – 286.2 billion sums;
  2. TBC Bank – 274.4 billion sums;
  3. People's Bank – 222.2 billion sums;
  4. Mortgage Bank – 189.2 billion sums;
  5. InfinBank – 153.3 billion sums;
  6. Universal Bank – 125.9 billion sums;
  7. Octobank – 112.9 billion sums;
  8. Anor Bank – 100.5 billion sums;

Seven institutions reported profits ranging from 10 to 100 billion sums:

  1. Asakabank – 64.7 billion sums;
  2. Ziraat Bank – 64.1 billion sums;
  3. Turonbank – 32.6 billion sums;
  4. Uzum Bank – 32.4 billion sums;
  5. Agricultural Bank – 22 billion sums;
  6. Alokabank – 21.2 billion sums;
  7. Poytakht Bank – 11.4 billion sums;

Three financial institutions earned less than 10 billion sums:

  1. Smart Bank – 2.55 billion sums;
  2. Garant Bank – 1.4 billion sums;
  3. Tenge Bank – 921 million sums;

Six banks reported losses:

  1. Eurasian Bank – 12.5 billion sums;
  2. Yangi Bank – 16.2 billion sums;
  3. Hayot Bank – 22.5 billion sums;
  4. Apex Bank – 29.1 billion sums;
  5. AVO Bank – 83.4 billion sums;
  6. Business Development Bank – 279.06 billion sums;

Currently, there is no data on the profits of several private banks, such as Saderat Bank. The list will be updated as financial reports from banks are released.

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Previously, Spot reported on how the Central Bank views the development of Uzbekistan's economy until 2027.