Tashkent, Uzbekistan (UzDaily.com) -- The Center for Economic Research and Reforms has updated the rating of the most active banks in Uzbekistan. The largest growth was shown by National Bank and Infinbank, which rose by 4 and 3 points, respectively. At the same time, Ipotekabank dropped out of the top three, and Uzpromstroybank showed the largest decline in the overall rating.

The Center for Economic Research and Reforms (CERR) has developed the Banking Activity Index for 31 commercial banks in Uzbekistan. Based on the Index, the CERR updates the rating of banks on a quarterly basis. The study is conducted to monitor changes in the share of the private sector in banking assets, as well as to assess the effectiveness of reforms and transformation processes in the country’s banking sector.

As of 1 June 2022, the assets of the banking system of the republic amounted to 493.7 trillion soums (an increase of 25% by 1 June 2021), liabilities -420.2 trillion soums (an increase of 26%), loans - 345.2 trillion soums ( an increase of 15.9%), deposits -173.9 trillion amounted to soums (37.8%).

In the CERR study, banks were divided into two groups - large and small. The rating is compiled separately for each of these groups. At the same time, the group of small banks includes banks operating only in Tashkent (or only in one region).

Among the 17 large banks, the top three are as follows, the top line in the overall rating continues to be held by Kapital Bank, it has improved its performance compared to the previous quarter in terms of financial capital adequacy and profitability, which indicates the active work of the bank with the population and representatives business. However, the results of the rating show that the bank should pay attention to capital adequacy and profitability.

"Trust Bank" retained its leading positions, holding the second line of the rating, and "Hamkor Bank" closes the top 3, having risen by 1 point.

Ipoteka-Bank, one of the largest banks with a state share, which previously showed dynamic growth (by 6 points), moved from third to fifth place in the overall rating. The low indicator on bank financial intermediation indicates the need to further increase the ratio of term deposits to loans, improve the efficiency of using funds received from other banks and financial institutions, as well as obligations to the Ministry of Finance.

National Bank rose in the overall rating by 4 positions (12th place). Positive results were noted in terms of bank management efficiency and liquidity.

Microcreditbank also moved up 2 points in the overall standings to 10th place, driven by significant positive changes in the bank’s performance in financial intermediation (10th place) and asset quality (11th place).

"Uzpromstroybank" lost 4 positions in the rating, dropping from 10th to 14th place, which was caused by a change in the quality of the bank’s assets, management efficiency and liquidity. In particular, the volume of problem loans increased and the ratio of highly liquid assets to total assets decreased.

Among the 14 small banks of Uzbekistan, the most active in the second quarter was Universalbank, which improved its position by 3 points at once. At the same time, Davr Bank remains the leader of the rating in the category of small banks, maintaining its leading positions.

TBC Bank lost three positions in the overall rating and dropped from sixth to ninth line in the rating.