Tashkent, Uzbekistan (UzDaily.com) — According to the 2024 results, "Yangi Bank" reported a net loss of 31.9 billion soums, significantly higher than the 2.6 billion soums loss in 2023.

However, the bank’s total income increased by 350.2%, reaching 48.1 billion soums.

The bank’s assets grew by 88.2%, totaling 376.7 billion soums. The bank’s capital amounted to 165.5 billion soums, showing a decline of 16.2%.

Interest income surged by 277%, totaling 39.9 billion soums, while non-interest income saw an impressive increase of 6160.2%, reaching 8.2 billion soums.

Reserves for potential losses on loans and leases grew from 454.8 million soums in 2023 to 11 billion soums.

Operating expenses also rose significantly, amounting to 48 billion soums compared to 10.4 billion soums in 2023.

The bank’s loan portfolio at the end of the year stood at 138 billion soums, three times higher than the 46 billion soums in 2023.

The share of non-performing loans (NPL) increased to 8.7%, totaling 12 billion soums.