Tashkent, Uzbekistan (UzDaily.com) – The National Bank of Uzbekistan (NBU) recorded a net profit of 465.2 billion soums for the first quarter of 2024, according to its quarterly report.

This represents a 28.7% decrease in net profit compared to the same period of last year.

The bank's total income increased by 11.3% and reached 6.2 trillion soums.

The bank's operating expenses during the reporting period increased by 26.9% and amounted to 438.0 billion soums.

The bank's assets increased by 7% in the first quarter compared to the same period of last year, reaching 126.5 trillion soums.

By the beginning of the second quarter of 2024, the capital of the financial institution increased by 7.5% and reached 18.3 trillion soums compared to the same period of the previous year.

Interest income of the National Bank amounted to 3.5 trillion soums (+16.5%), and non-interest income - 2.7 trillion soums (+5.5%).

The bank's loan portfolio as of 1 March 2024 increased by 13.3% and amounted to 98.8 trillion soums. The share of non-performing loans (NPL) increased from 3.1% to 3.4%.