• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12500.01
    • RUB151.96
    • EUR14471.26
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +36°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    World

    Mortgage lending surges by $1.4bn in Uzbekistan’s commercial banks in 2023

    Mortgage lending surges by $1.4bn in Uzbekistan’s commercial banks in 2023

    In 2023, commercial banks in Uzbekistan issued mortgage loans totalling UZS 16.85 trillion ($1.4bn). This represents a 17% increase from the previous year, according to the international consulting company Commonwealth Partnership Uzbekistan (CMWP).

    Photo: Mortgage lending skyrockets to $1.4bn in Uzbekistan’s commercial banks in 2023  
    Source: Gazeta.uz

    Dollar-denominated loans on rise

    The country has seen a significant increase in mortgage loans issued in dollars. In 2023, the figure reached $1.4bn, marking a 10.6% increase y/y.

    Primary vs secondary market loans

    About 60% of mortgage loans last year originated in the primary market, while the remaining 40% came from secondary housing. This ratio witnessed a shift over the year, with the popularity of new flats and houses falling by 15%.

    Mortgage contracts in housing market

    Of the total number of transactions in the primary and secondary markets, the share of mortgage contracts in 2022 was 28%.

     

    The Asian Development Bank (ADB) has been a key international financial institution supporting the Government of Uzbekistan’s housing programs. These projects have stimulated mortgage lending and supported the development of the domestic housing construction industry. In 2021, the Mortgage Refinancing Company of Uzbekistan (UzMRC) contributed 20% or UZS 1.96 trillion ($158.6mn) of the total UZS 9.8 trillion ($792.8mn) mortgage lending products in the Uzbekistan banking sector.

    As of August 1, 2023, the aggregate loan portfolio across all banks in Uzbekistan stood at UZS 430.2 trillion ($34.8bn), equivalent to $35.5bn. State-owned banks dominated the lending landscape, accounting for 72.2% of the total loans.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    25.01.2024, 12:11   Comments (0)   1537
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Presidents of Uzbekistan and China sign 14 key sector agreements

    24.01.2024, 20:23

    President of Uzbekistan meets chairman of Standing Committee of National People's Congress in China

    24.01.2024, 17:14

    President Mirziyoyev meets Chairman of Chinese National Oil and Gas Corporation

    24.01.2024, 15:54

    President Mirziyoyev and AIIB explore strategic partnership  during China visit

    24.01.2024, 12:59

    Turkish parliament greenlights Sweden's NATO membership bid

    24.01.2024, 11:35

    Central Bank of Uzbekistan forecasts 10-15% surge in 2024 remittances, reaching nearly $13bn

    23.01.2024, 17:21
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?

     

    Recommended

    Heatwaves could kill thousands annually across Central Asia by 2090, World Bank warns

    17 July, 12:10

    Azerbaijan vs Russia: why a bilateral quarrel is reverberating across Central Asia

    9 July, 15:42

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12
     
     
     

    Latest news

    JW Marriott to make Uzbekistan debut in Tashkent by end of 2025

    Uzbekistan | 30 July, 14:30

    “Kazakhstan is one of our largest trading partners”, says Erdogan, as Türkiye aims to raise trade volume to $15bn

    Kazakhstan | 30 July, 13:02

    Iran to establish railway connection with Tajikistan and Turkmenistan

    World | 30 July, 11:50

    Uzbekistan to restructure military education system with new defense university and dual-degree programs

    Uzbekistan | 30 July, 10:30

    Uzbekistan ramps up anti-corruption efforts as 75% of cases involve daily public services

    Uzbekistan | 30 July, 09:08

    Kazakhstan becomes first Central Asian country to hit global target on reducing premature deaths from NCDs

    Health | 29 July, 17:39
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.