Today, March 17, the Central Bank issued a license to 2 banks to start their operations, bank's press service reports.
The board of the Central Bank of Uzbekistan made a decision to register "Apex Bank" and "Hayot Bank" joint stock company in Tashkent and to grant it a license to carry out banking activities.
Daryo.uz has previously reported about the level of competition in Uzbek banks.
In the last 5 years, competition in the banking system of Uzbekistan has been increasing in terms of assets, loans, and deposits.
The share of the top-5 largest banks with a state share ("O'zmilliy Bank", "Sanoatqurilishbank", "Asaka Bank", "Ipoteka Bank", "Agrobank") in the assets of the banking system decreased from 70.9% to 60.5%.
The share of other state-owned banks increased from 11% to 18%, while the share of private banks expanded from 18.1% to 21.5%.
By 2025, it is planned to increase the share of assets of non-state-owned banks in the total assets of the banking system to 60%.
During this period, Tenge bank, TBC bank, "Anorbank", Uzum (Apelsin) bank and Poytakht bank entered the banking system. The share of these banks in total assets reached 1.8%.
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