Tuesday, 02 January 2024 12:17 GMT

Uzbekistan's Trastbank Nine-Month Net Profit Up 24.3% To $63.7M


Date:

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 24. Trastbank's net profit increased by 24.3% year over year to 766.8 billion soums (about $63.7 million) in the first nine months of 2026, compared with 616.9 billion soums (around $51.2 million) in the same period of 2025.

This was reflected in the statement by KAP DEPO.

The bank's total income rose by 35% year over year to approximately 3.1 trillion soums (approx. $257.3 million) during the reporting period.

Net profit for the third quarter alone reached 262.9 billion soums (about $21.8 million), up from 214.5 billion soums (around $17.8 million) in July-September 2025.

At the same time, expenses for provisions against potential credit and leasing losses increased 2.5-fold to 390.3 billion soums (approx. $32.4 million).

According to Trend 's calculations , Trastbank's net profit rose by 149.9 billion soums (about $12.4 million) in the first nine months of 2026. Third-quarter net profit increased by 48.4 billion soums (around $4 million), or approximately 22.6%. Based on the reported 2.5-fold increase, provision expenses in the first nine months of 2025 were approximately 156.1 billion soums (approx. $12.9 million), meaning they increased by about 234.2 billion soums (about $19.4 million) in 2026.

Trastbank is a private joint-stock bank in Uzbekistan established in 1994. Headquartered in Tashkent, the bank provides banking services to individuals and businesses, including lending, deposits, leasing, payment services, foreign-currency transactions, and export-import operations. It operates under a license issued by the Central Bank of Uzbekistan and offers digital banking services through its online platforms.

MENAFN23102026000187011040ID1111857896


Trend News Agency

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.



More Story

Search