Bank-specific determinants of non-performing loans in an emerging banking system: the case of Uzbekistan

Rustamov , Jonibek, Рустамов , Жонибек, Rustamov , Jonibek

Илғор иқтисодиёт ва педагогик технологиялар · 2026-yil

Annotatsiya

Non-performing loans (NPLs) represent a major challenge to the stability and resilience of banking systems, particularly in emerging economies undergoing financial sector reforms. This study examines the evolution of NPLs and the influence of bank-specific factors in the banking sector of Uzbekistan during 2017–2025. The research employs comparative and descriptive statistical analyses using data obtained from the Central Bank of Uzbekistan to investigate the relationship between NPLs, outstanding loans, capitalization, profitability and real interest rates. The findings indicate that rapid credit expansion, particularly during the Covid-19 pandemic, contributed to a substantial increase in NPLs. The study also finds that diversification and stronger capital positions enhance banks’ resilience to credit risk. Besides that, there is an inverse relationship between real interest rate of domestic currency operations and NPLs, supporting moral hazard The results provide practical implications for strengthening credit risk management, improving loan portfolio quality and supporting financial stability in Uzbekistan’s banking sector.

Maqola ma’lumotlari
MualliflarRustamov , Jonibek, Рустамов , Жонибек, Rustamov , Jonibek
JurnalИлғор иқтисодиёт ва педагогик технологиялар
NashriyotТошкент давлат иқтисодиёт университети ҳузуридаги «Ўзбекистон иқтисодиётини ривожлантиришнинг илмий асослари ва муаммолари» илмий-тадқиқот маркази
ISSN1994-2025
Nashr sanasi2026-08-02
Jild3
Son4
Betlar179-186
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.60078/3060-4842-2026-vol3-iss4-pp179-186
Indeksga qo‘shilgan2026-08-26

DOI: 10.60078/3060-4842-2026-vol3-iss4-pp179-186 · Maqolaning asl sahifasi

Kalit so‘zlar

non-performing loans, commercial banks, bank-specific factors, credit risk, financial stability, bank performance, real interest rate, проблемные кредиты, коммерческие банки, банковские факторы, кредитный риск, финансовая устойчивость, эффективность деятельности банка, реальная процентная ставка, muammoli kreditlar, tijorat banklari, bankka xos omillar, kredit riski, moliyaviy barqarorlik, bank faoliyati samaradorligi, real foiz stavkasi

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APARustamov , Jonibek, Рустамов , Жонибек, & Rustamov , Jonibek (2026). BANK-SPECIFIC DETERMINANTS OF NON-PERFORMING LOANS IN AN EMERGING BANKING SYSTEM: THE CASE OF UZBEKISTAN. Илғор иқтисодиёт ва педагогик технологиялар, 3(4), 179-186. https://doi.org/10.60078/3060-4842-2026-vol3-iss4-pp179-186
GOST (OAK)Rustamov , Jonibek, Рустамов , Жонибек, Rustamov , Jonibek BANK-SPECIFIC DETERMINANTS OF NON-PERFORMING LOANS IN AN EMERGING BANKING SYSTEM: THE CASE OF UZBEKISTAN // Илғор иқтисодиёт ва педагогик технологиялар. – 2026. – T. 3, № 4. – P. 179-186. – DOI: 10.60078/3060-4842-2026-vol3-iss4-pp179-186.
MLARustamov , Jonibek, Рустамов , Жонибек, and Rustamov , Jonibek. “BANK-SPECIFIC DETERMINANTS OF NON-PERFORMING LOANS IN AN EMERGING BANKING SYSTEM: THE CASE OF UZBEKISTAN.” Илғор иқтисодиёт ва педагогик технологиялар, 3(4), 179-186, 2026. https://doi.org/10.60078/3060-4842-2026-vol3-iss4-pp179-186
ChicagoRustamov , Jonibek, Рустамов , Жонибек, and Rustamov , Jonibek. “BANK-SPECIFIC DETERMINANTS OF NON-PERFORMING LOANS IN AN EMERGING BANKING SYSTEM: THE CASE OF UZBEKISTAN.” Илғор иқтисодиёт ва педагогик технологиялар, 3(4), 179-186 (2026). https://doi.org/10.60078/3060-4842-2026-vol3-iss4-pp179-186
HarvardRustamov , Jonibek, Рустамов , Жонибек, and Rustamov , Jonibek (2026) ‘BANK-SPECIFIC DETERMINANTS OF NON-PERFORMING LOANS IN AN EMERGING BANKING SYSTEM: THE CASE OF UZBEKISTAN’, Илғор иқтисодиёт ва педагогик технологиялар, 3(4), 179-186. https://doi.org/10.60078/3060-4842-2026-vol3-iss4-pp179-186
BibTeX
@article{rustamovjonibek2026,
  title = {BANK-SPECIFIC DETERMINANTS OF NON-PERFORMING LOANS IN AN EMERGING BANKING SYSTEM: THE CASE OF UZBEKISTAN},
  author = {Rustamov , Jonibek and Рустамов , Жонибек and Rustamov , Jonibek},
  journal = {Илғор иқтисодиёт ва педагогик технологиялар},
  year = {2026},
  volume = {3},
  number = {4},
  pages = {179-186},
  doi = {10.60078/3060-4842-2026-vol3-iss4-pp179-186},
  url = {https://doi.org/10.60078/3060-4842-2026-vol3-iss4-pp179-186}
}

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