Industrial loans in Uzbekistan decreased by 8.8%
As of October 1, 2026, bank loans to Uzbekistan's industry decreased to 133.4 trillion soums, while loans to construction grew by 33.4%.
Industrial loans in Uzbekistan decreased by 8.8%
The volume of bank loans issued to Uzbekistan's industry as of October 1, 2026, totaled 133.4 trillion sum, which is 8.8% less than a year earlier. As of October 1, 2025, the sector received loans amounting to 146.3 trillion sum. This was reported by the Central Bank of Uzbekistan.
The decline occurred against the backdrop of an increase in the total loan portfolio of banks by 13.2% — to 659.1 trillion sum. As a result, the share of industry in loans shrank from 25.1% to 20.2%. The reduction amounted to 12.9 trillion sum.
Construction grew the fastest. Over the year, loans to this sector increased by 33.4% to reach 22.9 trillion sum, while its share in the portfolio rose from 3% to 3.5%. Lending to trade and public services grew at almost the same pace: by 31.7%, to 53.9 trillion sum. The share of this sector grew from 7% to 8.2%.
Loans to transport and communications increased by 16.4%, to 37.9 trillion sum. Agriculture received 68 trillion sum, which is 14.5% more than a year earlier. The agricultural sector's share in the portfolio remained at approximately 10%.
Lending to material and technical supply and sales grew slower than the rest — by 2.9%, to 4.6 trillion sum. Loans for housing and communal services increased by 9.2%, to 2 trillion sum. The volume of loans to other sectors increased by 24%, to 88 trillion sum, and their share grew from 12.2% to 13.4%.
Individuals remain the largest category of borrowers. Loans to the population over the year grew by 19%, to 248.4 trillion sum, and now account for 37.7% of the entire portfolio compared to 35.8% a year earlier. The volume of retail loans is now 1.9 times higher than industrial loans, whereas a year ago this ratio was 1.4.
Loans to legal entities overall grew by 9.9% over the year, to 410.7 trillion sum, which is twice as slow as the retail portfolio. Industry accounts for about a third of them.
Thus, the population, industry, and agriculture together account for more than two-thirds of the loan portfolio of Uzbekistan's banks.