12 largest banks in Uzbekistan own 79% of the banking system's assets

According to the Central Bank of Uzbekistan, as of October 1, 2026, Tashkent accumulated 297.5 trillion UZS in bank loans, which accounts for 45.1% of the national total, and 383 trillion UZS in deposits, equivalent to 76.4% of all funds held by banks in Uzbekistan.

The concentration of corporate funds in the capital is particularly high: legal entities in Tashkent placed 275.8 trillion UZS in deposits, covering 89.1% of the national figure. Loans issued to businesses in the capital reached 224.3 trillion UZS, while loans to individuals amounted to 73.2 trillion UZS.

Tashkent remains the only region where deposits exceed loan volume; the ratio of loans to deposits in the capital is 0.78. The situation is the opposite in the other 13 regions, where total lending reached 361.6 trillion UZS against deposits of 118.1 trillion UZS, meaning that loans are approximately three times higher than deposits.

The largest gap was recorded in the Syrdarya region, where loans were 9.1 times higher than deposits. The ratio in the Jizzakh region was 5.4, and in the Namangan region, it was 4.8.

Among the Fergana region, it leads in lending volume with 38.7 trillion UZS. It is followed by the Samarkand region with 34.5 trillion UZS, the Tashkent region with 31.4 trillion UZS, the Andijan region with 31.2 trillion UZS, and the Kashkadarya region with 31 trillion UZS.

The smallest lending volumes were noted in the Jizzakh region (21.2 trillion UZS), Syrdarya region (21.3 trillion UZS), and Navoi region (21.6 trillion UZS).

The Samarkand region topped the regions in terms of deposits with an amount of 14.7 trillion UZS. It is followed by the Bukhara region with 13.9 trillion UZS and the Khorezm region with 13 trillion UZS.

The smallest deposit volumes were registered in the Syrdarya region (2.3 trillion UZS), Jizzakh region (3.9 trillion UZS), and Namangan region (5.2 trillion UZS).

In six regions, individual loans exceeded business lending: Karakalpakstan Republic, Andijan, Kashkadarya, Navoi, Samarkand, and Surkhandarya regions. The largest difference was found in the Navoi region, where individual loans amounted to 13.2 trillion UZS compared to 8.4 trillion UZS in corporate loans.

In 12 out of 14 regions of the country, household deposits exceeded corporate deposits, with the exception of Tashkent and Andijan regions. In the Bukhara region, private individuals held 11.6 trillion UZS in banks, and in the Khorezm region, this amount was 11.4 trillion UZS.

According to data from the Central Bank of Uzbekistan, the total portfolio of commercial banks in Uzbekistan reached 659.1 trillion soms as of October 1, 2026. This figure demonstrates a growth of 13.2% compared to the previous year.

At the beginning of the current year, the portfolio amounted to 604 trillion soms, which represents an increase of 9.1% in the first nine months alone.

The main driver of growth remained retail lending. Loans to individuals grew by 19% year-on-year, reaching 248.4 trillion soms. Meanwhile, corporate lending increased by 9.9%, totaling 410.7 trillion soms. The share of individuals in the total banking portfolio rose from 35.8% to 37.7%.

Over the period since the beginning of the year, the retail loan portfolio expanded by 12.7%. Mortgage loans remained the largest segment, showing a growth of 14.9% to reach 91.2 trillion soms. Microloans accounted for 51.9 trillion soms, increasing by 6.3%, while microcredits to individuals grew by 22.4% to 49.5 trillion soms.

Auto loans increased by 4.3% to 41.4 trillion soms, and educational loans grew by 4.6% to 7.3 trillion soms. The fastest growth was recorded in loans related to bank cards and overdrafts, which increased by 47.9% since the beginning of the year to 6.5 trillion soms. Consumer loans remained almost unchanged, staying at 0.5 trillion soms.

The corporate loan portfolio showed a growth of 7% since the beginning of the year. Loans to non-credit institutions increased by 6.3% to reach 382.5 trillion soms. Microcredits to legal entities grew by 23.7% to 18.2 trillion soms, while leasing and factoring increased by 48.2% to 5.7 trillion soms. Interbank loans grew by an impressive 62.4% to 1.1 trillion soms, however, syndicated loans decreased by 30.9%, amounting to 3.3 trillion soms.

Lending in the national currency grew faster than lending in foreign currency. Som currency loans increased by 15.1% year-on-year, reaching 406.8 trillion soms, while loans in foreign currency grew by 10.3% to 252.3 trillion soms. The share of foreign currency loans decreased from 39.3% to 38.3%.

Long-term loans constitute the main part of the portfolio, totaling 583.5 trillion soms, which accounts for 88.5% of the total volume. Short-term loans amounted to 75.6 trillion soms.

Loans issued by state-owned banks increased by 7.8% to 425.8 trillion soms, accounting for 64.6% of the market. Portfolios of other banks grew by 24.5% to reach 233.3 trillion soms.

The total volume of assets in the banking system of Uzbekistan reached 1,044.8 trillion soums as of October 1, 2026, demonstrating a 21% growth compared to the previous year. This data was provided by the Central Bank of Uzbekistan.

During the year, lending increased by 13%, amounting to 659.1 trillion soums, while the total capital of banks grew by 17%, reaching 152.9 trillion soums. Deposits showed the fastest growth, with their total volume increasing by 129.6 trillion soums, or 35%, reaching 501 trillion soums.

The Central Bank noted that these indicators suggest an expansion in both lending and attracted deposits by the banking system. However, the share of foreign currency in key indicators of the banking system decreased during the reporting period.

The share of foreign currency in total bank assets fell from 38% to 34%, in loans from 39% to 38%, and in deposits from 23% to 19%. According to the Central Bank's data, this indicates an increasing share of the national currency in bank assets, loans, and deposits.

In absolute terms, foreign currency assets increased from 332.9 trillion to 352.7 trillion soums, but the growth rate of these assets was slower than the growth rate of total assets. Foreign loans increased from 228.7 trillion to 252.3 trillion soums, and foreign deposits grew from 83.7 trillion to 93.1 trillion soums.

For comparison, as of October 1, 2025, the banking system's assets amounted to 866.8 trillion soums, loans to 582.2 trillion soums, deposits to 371.5 trillion soums, and capital to 130.4 trillion soums.