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DatabankAugust 23 2021

SOE exposure underpins capital buffers at Uzbek banks

Tier 1 capital at Asaka Bank and Agrobank rose last year, although it dipped at National Bank of Uzbekistan.
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Uzbekistan’s largest state-related banks have maintained steady capital buffers during the pandemic, which has supported their resilience.

Tier 1 capital at National Bank of Uzbekistan, the country’s largest lender, and second largest lender Uzpromstroybank dipped slightly in 2020, to $1.16bn and $524.7m, respectively; whereas, Asaka Bank and Agrobank's Tier 1 capital rose a little, to $493.6m and $471.5m, according to The Banker Database.

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