Uzbekistan's banks expanded their loan portfolio by 13.2%
The loan portfolio of Uzbekistan's banks reached 659.1 trillion soums as of October 1, 2026, while retail loans grew nearly twice as fast as corporate ones.
Loan portfolio of Uzbekistan's banks grew by 13.2%
As of October 1, 2026, the loan portfolio of commercial banks in Uzbekistan reached 659.1 trillion soums, which is 13.2% more than a year earlier.
Since the beginning of the year, when the volume of loans stood at 604 trillion soums, the portfolio has increased by 9.1%. This was reported by the Central Bank of Uzbekistan.
Retail lending remains the main driver of growth. Over the year, loans to individuals grew by 19% to reach 248.4 trillion soums, while loans to legal entities increased by 9.9% to 410.7 trillion soums. The share of the population in the banking portfolio rose from 35.8% to 37.7%.
Since the beginning of the year, the retail portfolio gained 12.7%. Mortgages remain its largest segment: their volume grew by 14.9% to 91.2 trillion soums.
Microloans amounted to 51.9 trillion soums (+6.3%), and microcredits to individuals reached 49.5 trillion soums (+22.4%). Auto loans increased by 4.3% to 41.4 trillion soums, and education loans went up by 4.6% to 7.3 trillion soums.
Loans on bank cards and overdrafts demonstrated the highest growth rates: since the beginning of the year, they increased by 47.9% to 6.5 trillion soums. The volume of consumer loans remained virtually unchanged at 0.5 trillion soums.
The corporate portfolio has grown by 7% since the beginning of the year. Loans to non-credit companies increased by 6.3% to 382.5 trillion soums.
Microcredits to legal entities gained 23.7% and reached 18.2 trillion soums, while leasing and factoring rose by 48.2% to 5.7 trillion soums. Interbank loans grew by 62.4% to 1.1 trillion soums. Meanwhile, the volume of syndicated loans decreased by 30.9% to 3.3 trillion soums.
Lending in national currency grew faster than in foreign currency. Loans in soums increased by 15.1% over the year to 406.8 trillion soums, while foreign currency loans grew by 10.3% to 252.3 trillion soums. The share of foreign currency loans declined from 39.3% to 38.3%.
Long-term loans predominate in the portfolio: 583.5 trillion soums, or 88.5% of the total volume. Short-term loans account for 75.6 trillion soums.
Loans from banks with state participation grew by 7.8% to 425.8 trillion soums, representing 64.6% of the market. The portfolio of other banks increased by 24.5% to 233.3 trillion soums.