Tenge Bank's Surge and Three Trillion Profit: CERR Presents Banking System Results

Economy

Uzbekistan's banking sector is demonstrating an impressive surge in efficiency: net profits for the first quarter of 2026 jumped by 36.3%, reaching 3.1 trillion soums. The Center for Economic Research and Reforms (CERR) has updated its activity rankings, highlighting the winners and losers of the financial market.

Tenge Bank's Surge and Three Trillion Profit: CERR Presents Banking System Results
Total systemic assets surpassed the 932 trillion soum mark, while the quality of the loan portfolio improved significantly—the share of non-performing loans (NPL) decreased to 3.3%. In the large-bank segment, Kapitalbank maintains its top position, but the quarter's main sensation was Tenge Bank, which made a powerful leap, climbing six spots. Xalq Banki and Agrobank also showed positive dynamics, whereas Orient Finans Bank and Trust Bank saw a noticeable decline in the overall standings.

Among smaller financial institutions, the digital TBC Bank remains the steadfast leader. Notable progress in this category was shown by newcomers AVO Bank and Apex Bank, each gaining three spots in the ranking. The study emphasizes that the market is becoming increasingly competitive: banks are actively fighting for customers by improving service accessibility and liquidity indicators, with Hamkorbank and Asia Alliance Bank holding leading positions in these areas.

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