Why is this important
The total debt forgiveness for this group reached 333 billion soums. This increases the burden on “Ipoteka-bank”, which has already become the most unprofitable bank in Uzbekistan in the first half of 2025.
What happened
- Parvoz Xumo Ravnaq Trans: $1.23 million, €1.19 million and 66.2 billion soums were deducted;
- Parvoz Quruvchi: $3.13 million;
- Olot Ekspo Frukt: $2,82 million;
- All companies are related to textile production, established by private individuals in the Bukhara region;
- In February, the bank has already written off 158.2 billion soums of Parvoz Xumo Ravnaq Trans debts.
Context
According to the results of January-June, “Ipoteka-bank” recorded a loss of 392.5 billion soums, significantly surpassing Apex Bank in this indicator. Problem loans and losses reflect the weak quality of the portfolio and growing risks in the banking sector.
