The Central Bank kept the countercyclical capital buffer at 1.5% as banking-system profitability improved and capital ratios remained above minimum requirements. Asset quality and institution-level risk still require separate analysis.
The Central Bank of Uzbekistan kept the countercyclical capital buffer for banks, excluding microfinance banks, unchanged at 1.5%. The regulator assessed the prevailing risk environment as standard and said macrofinancial conditions had eased, while retaining a positive buffer to strengthen resilience against cyclical losses.
As of 1 July 2026, non-performing loans represented 3.6% of total bank lending, down 0.2 percentage points year on year. Banking-system net profit reached UZS 11 trillion in the first half, 69% above the prior-year period; Common Equity Tier 1 stood at 15% and total capital adequacy at 18.5%.
For bank creditors and equity investors, the release indicates solid system-level earnings and capital headroom while preserving an additional loss-absorption layer. The aggregate figures do not eliminate differences among institutions: asset concentration, related-party exposure, funding structure, foreign-currency risk, provisioning and the quality of capital remain central to issuer-level analysis.
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