Uzbekistan’s banks issued UZS 390 trillion ($32.0bn) in loans to households and businesses in 2025, marking a nearly 36% increase compared with UZS 287.2 trillion ($23.6bn) in 2024, according to analysis by the Central Bank.
Central Bank of Uzbekistan (CBU) reported that lending activity in the country continued to grow steadily throughout the year, with loans in the national currency driving most of the expansion.
Loans issued in soum reached UZS 276.4 trillion ($22.7bn) in 2025, up from UZS 193.3 trillion ($15.9bn) the previous year. Of this amount, UZS 156.8 trillion ($12.9bn) was provided to individuals, while UZS 108.8 trillion ($8.9bn) went to enterprises. Lending in national currency accounted for the main source of growth in the overall credit portfolio.
In addition, individual entrepreneurs received UZS 10.8 trillion ($887mn) in loans during the year, the Central Bank said.
Loans issued in foreign currency totaled UZS 113.6 trillion ($9.3bn) in soum equivalent, compared with UZS 94 trillion ($7.7bn) in 2024. The vast majority — UZS 113.1 trillion ($9.3bn) — was extended to companies, while individual entrepreneurs received about UZS 441.5bn ($36mn).
According to the CBU, the share of national currency financing increased in the overall loan structure during 2024–2025, although demand for foreign-currency loans among corporate borrowers remained significant.
Earlier, the CBU reported that the Uzbek soum strengthened by 6.9% against the US dollar in 2025, a development officials say contributed to growing confidence in the national currency and supported the expansion of soum-denominated lending.
CBU previously had showed differences in delinquency levels across loan types. According to the data, third-party guaranteed loans recorded the lowest overdue rate at 0.9%, while property-backed loans showed the highest level of delinquencies, highlighting varying risk profiles within the banking sector.
