Uzbekistan’s bank capital jumps 20% y/y to $9.9bn as assets, loans, and deposits expand

The total capital of commercial banks in Uzbekistan stood at UZS 125.29 trillion ($9.9bn) as of July 1, 2025, according to the Central Bank. This marks a 20% increase compared to the same period last year.

 

State-owned banks accounted for UZS 77.21 trillion ($6.1bn), or 62% of the sector’s total capital, while private banks held UZS 48.08 trillion ($3.8bn), representing 38%.

Among state-owned banks, Uzbek National Bank topped the list with UZS 19.33 trillion ($1.5bn), followed by Agrobank with UZS 13.71 trillion ($1.1bn). Uzpromstroybank (SBQ) ranked third at UZS 10.81 trillion ($859.4mn), trailed by People’s Bank (Xalq Banki) with UZS 8.85 trillion ($703.6mn) and Asaka Bank with UZS 8.06 trillion ($640.8mn).

In the private sector, Ipoteka Bank held the largest capital at UZS 6.94 trillion ($551.8mn), followed by Hamkorbank with UZS 5.97 trillion ($474.6mn) and Kapitalbank with UZS 5.83 trillion ($463.5mn). Ipak Yuli Bank ranked fourth at UZS 4.07 trillion ($323.6mn), while Orient Finans Bank closed the top five with UZS 3.59 trillion ($285.4mn).

The smallest capital levels were recorded by Eurasian Bank with UZS 109bn ($8.7mn), Poytakht Bank with UZS 186bn ($14.8mn), and Yangi Bank with UZS 260bn ($20.7mn).

Among state-owned banks, the lowest capital levels were held by Turonbank with UZS 1.93 trillion ($153.4mn), Alokabank with UZS 3.80 trillion ($302.1mn), and Business Development Bank with UZS 5.08 trillion ($403.9mn).

The sector’s total assets reached UZS 852.2 trillion ($67.8bn) by July 1, with state-owned banks holding UZS 555.9 trillion ($44.2bn), or about 65%, and private banks UZS 296.3 trillion ($23.6bn).

Total loans amounted to UZS 575.2 trillion ($45.7bn), with state-owned banks issuing UZS 394.2 trillion ($31.3bn), capturing 69% of the market. Private banks accounted for UZS 181 trillion ($14.4bn) in lending, indicating a gradual but steady expansion of their role in credit provision.

Deposits across the system totaled UZS 355.6 trillion ($28.3bn), with state-owned banks attracting UZS 183.9 trillion ($14.6bn) and private banks UZS 171.7 trillion ($13.7bn). The narrowing deposit gap signals growing public trust in private institutions, supported by improvements in digital banking services and competitive interest offerings.

 

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