The non-interest margin of Uzbekistan's banking sector increased 2.5 times in the second quarter of 2026, reaching 15.8 trillion soums ($1.2 billion), becoming the main driver of a 66.7% rise in banks' net profit to 8.5 trillion soums ($664 million). This is according to data from the Center for Economic Research and Reforms (CERR).
During the reporting period, return on assets (ROA) rose from 1.9% to 2.4%, and return on equity (ROE) increased from 10.3% to 14.5%.
The growing contribution of non-interest income comes amid further development of the digital payments ecosystem in Uzbekistan. In this regard, Commercial Director of UCMG LLC (UZCARD) Olimjon Zakirov earlier told Trend that the national payment system unites 35 commercial banks and 33 payment aggregators, and the volume of transactions on UZCARD co-badged cards abroad in the third quarter of 2025 increased by 318% compared to the same period in 2022.
"Our goal is for UZCARD cardholders to be able to use their cards abroad as conveniently as at home, creating a unified regional payment ecosystem where everyone feels at home," Zakirov said.