Assets of Uzbekistan's commercial banks increased by 20.5 percent
As of October 1, 2026, the assets of Uzbekistan's commercial banks grew by 20.5 percent in one year. The share of private banks reached 39.2 percent.
Assets of Uzbekistan's commercial banks increased by 20.5 percent
As of October 1, 2026, the total assets of Uzbekistan's commercial banks amounted to 1,044.8 trillion UZS. This figure increased by 20.5 percent over the year. As of October 1, 2025, bank assets stood at 866.8 trillion UZS. This was reported by the Central Bank of Uzbekistan.
Banks without state participation increased their assets at the highest rate. Their assets grew by 36.2 percent, reaching 410 trillion UZS. Meanwhile, growth in banks with state participation accounted for 12.2 percent, with assets reaching 634.9 trillion UZS. As a result, the share of the private bank segment in the total assets of the system rose from 34.7 percent to 39.2 percent.
The share of foreign currency assets on the balance sheet is shrinking. Over the year, they grew by only 6 percent, reaching 352.7 trillion UZS. Their share in total assets dropped from 38.4 percent to 33.8 percent.
Loans still constitute the main portion of assets. The net loan portfolio grew by 13.1 percent, reaching 638.1 trillion UZS. However, its share in the structure of assets decreased from 65.1 percent to 61.1 percent. This is associated with the faster growth of funds directed towards investments and securities. Over the year, funds in this direction increased by 93.4 percent, almost doubling, and reached 155.6 trillion UZS. As a result, the share of this asset type in total assets rose from 9.3 percent to 14.9 percent.
Banks' funds at the Central Bank increased by 33.7 percent, amounting to 36.2 trillion UZS. Cash on hand grew by 11.7 percent, reaching 30 trillion UZS. The amount of accrued interest to be received grew by 47.2 percent, amounting to 39.1 trillion UZS. At the same time, claims on non-resident banks decreased by 18.8 percent to 44.9 trillion UZS, while claims on resident banks decreased by 3.2 percent to 29.2 trillion UZS.
In the structure of liabilities, bank obligations grew by 21.1 percent, reaching 891.9 trillion UZS. Equity capital increased by 17.3 percent, amounting to 152.9 trillion UZS.
A high level of concentration remains in the banking system. Out of the 35 operating commercial banks, 12 have assets exceeding 30 trillion UZS.
These 12 banks possess assets totaling 821.9 trillion UZS, which accounts for 78.7 percent of all assets in the system. Another 11 banks have assets ranging from 10 trillion to 30 trillion UZS, with their total assets equaling 181.5 trillion UZS. Six banks have assets ranging from 3 trillion to 10 trillion UZS, totaling 34.2 trillion UZS.
The total assets of the smallest six banks, which have assets up to 3 trillion UZS, equal 7.2 trillion UZS.