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    Uzbekistan

    Uzbekistan increases soum loan rates as deposit yields slip

    Uzbekistan increases soum loan rates as deposit yields slip

    Interest rates on loans in soums (UZS) rose again in Uzbekistan, increasing by 0.6 percentage points in June compared to the previous month, according to the Central Bank.

    Source: Daryo
    Source: Daryo

     

    Lending Rates for Households and Businesses

    In June 2025, the average interest rate on loans issued to households stood at 23.7%, up from 23.1% in May and 22.9% in April. Despite the month-on-month rise, rates have decreased year-on-year — in June 2024, the average loan rate for individuals was 24.6%, with the highest rate recorded in December at 24.9%.

    Loans to businesses also saw a slight increase. In June 2025, the average rate was 22.8%, slightly above 22.7% recorded a year earlier and 22.6% in May.

    Foreign Currency Loans Remain More Stable

    Short-term foreign currency loans averaged 10.0% in June, while long-term loans averaged 9.7%. This marked a slight decline from May, when the rates were 10.3% and 9.4%, respectively. Compared to June 2024, rates have remained relatively stable, when short-term loans averaged 10.2% and long-term loans were at 9.5%.

    In contrast, the highest short-term foreign currency lending rates were observed in September 2024, when they peaked at 11.4%.

    Deposit Rates Show Mixed Trends

    Interest rates on soum-denominated deposits for individuals declined slightly to 21.4% in June 2025, down from 21.5%in May and 22.0% in June 2024. For legal entities, deposit rates remained steady at 17.9% year-on-year.

    From June 2024 to April 2025, deposit rates for the population stayed above 22%, before gradually declining in recent months.

    Foreign currency deposits also declined. In June 2025, individuals earned an average 4.8%, while legal entities received 4.2%. This is down from 5.8% and 5.4%, respectively, recorded in June last year.

     

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    16 July, 11:35   Comments (0)   1054
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