Why is this important
A sharp improvement in results indicates internal restructuring and effective risk management measures. The bank demonstrates stability against the backdrop of an unstable credit environment.
What happened
- Profit for 9 months – 102.5 billion soums.
- For the III quarter – 495.0 billion soums, after a loss of 392.5 billion in the II quarter.
- Potential loss reserves increased from 2.9 trillion to 3.5 trillion soums.
- A year ago, in the III quarter, reserves amounted to 1.5 trillion soums.
Overdue loans:
- July — 6,6%
- August — 6,5%
- September — 6,1%
Context
Ipoteka-bank is actively reducing the share of NPL (non-performing assets). The improvement of financial indicators is accompanied by the growth of credit reserves – the bank is preparing for possible risks. Perhaps the quarter’s results will affect the bank’s market valuation and investor interest.
