• Sign in
  • 1744009905_435.svg 1744009905_642.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
    • USD12410.99
    • RUB158.38
    • EUR14237.89
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +29°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
    Finance

    Uzbekistan's medium-sized enterprises struggle with $11.8 debt financing deficit

    Uzbekistan's medium-sized enterprises struggle with $11.8 debt financing deficit

    In Uzbekistan, medium-sized businesses are grappling with a deficit in debt financing, a predicament highlighted by International Finance Corporation (IFC) expert Marie-Paule Claes during a seminar at the Central Bank of Uzbekistan on March 19. Reports of Central Bank of Uzbekistan shows that, the demand for debt financing from 5.5 mn medium-sized enterprises amounted to approximately $11.8 bn in 2021, as Spot disclosed.

    Photo: In Uzbekistan, medium-sized businesses are grappling with a deficit in debt financing
    Source: Daryo

    Despite this considerable demand, lending to medium-sized enterprises remains significantly underdeveloped, with only 47% of the demand being met. State-owned banks are the primary source of financing for medium-sized businesses, accounting for 83% of total debt financing, while private banks contribute 16.8%. Conversely, pawnshops and microfinance organizations play a negligible role in providing financing to this segment.

    The current lending landscape is characterized by a reliance on state banks, which poses inherent risks due to high rates of problem loans associated with their lending schemes. This reliance underscores the need for diversification in financing options tailored to the unique needs of medium-sized enterprises.

    Traditionally, lending conditions have favored large enterprises, with financing channels such as bank branches and ATMs primarily catering to their requirements. Meanwhile, microfinance organizations and pawnshops focus predominantly on issuing consumer loans to individuals, neglecting the financing needs of medium-sized enterprises.

    Innovation in the financial sector, particularly through fintech platforms, has yet to address the financing gap faced by medium-sized businesses. While fintech platforms facilitate payments between various stakeholders, they do not extend loans or financial services to this segment. Similarly, leasing companies have not actively participated in financing medium-sized enterprises.

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

    20.03.2024, 14:04   Comments (0)   2371
    Facebook Twitter LinkedIn Telegram Email

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Regulator cracks down on Uzbekistan's non-compliant banks with fines and warnings

    13.03.2024, 10:49

    Emirati Masdar to construct 75 MW energy storage system in Kashkadarya, Uzbekistan

    18.03.2024, 12:00

    Uzbekistan sets $5 bn IT export goal by 2030

    19.03.2024, 15:00

    External debt in Uzbekistan surpass $1.7 bn in 2023

    19.03.2024, 08:27

    Kyrgyzstan’s international reserves peak at $3.3 bn in February 2024 

    16.03.2024, 09:00

     Kapitalbank's net profit soars by $128 mn in 2023

    14.03.2024, 17:02
    ×Lightbox Image

    Daryo.uz | Solution to your problems


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


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


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


    Beeline Uzbekistan started 2025 with a significant network modernization

     

    Recommended

    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

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    Komil Allamjonov designated as independent advisor to Uzbekistan’s Presidential Administration head Saida Mirziyoyeva

    Uzbekistan | 23 June, 22:58

    Saida Mirziyoyeva appointed head of Uzbekistan’s presidential administration

    Uzbekistan | 23 June, 22:45

    Uzbekistan, Mongolia ink agreements for joint wool and leather projects ahead of presidential visit

    Uzbekistan | 23 June, 16:02

    Uzbekistan tops Central Asia in FDI for first time in 30 years with $2.8bn inflow

    Uzbekistan | 23 June, 15:00

    Kyrgyzstan, UNDP partner to strengthen national systems for green and climate finance

    Kyrgyzstan | 23 June, 14:02

    China and Kazakhstan sign deal to expand rail freight to Europe via Central Asia

    Central Asia | 23 June, 12:43

    China Eximbank extends $500mn loan to Uzbekistan to develop telecommunications infrastructure

    Uzbekistan | 23 June, 11:30

    Uzbekistan, Azerbaijan agree on several new initiatives to boost trade and investment ties

    Uzbekistan | 23 June, 10:38
    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.