The total assets of pawn institutions in Uzbekistan reached 973.7 billion soms as of September 1, 2026, representing a growth of 49.5% compared to 651.1 billion soms recorded on September 1, 2025. According to data from the Central Bank of Uzbekistan, the sector's capital increased by 41.2% to 724.7 billion soms, while liabilities grew by 80.8% to 249 billion soms.
As of the reporting date, 90 pawnshops were operating in the country, slightly fewer than the 91 institutions the previous year. The total increase in pawnshop assets amounted to 322.6 billion soms over the past year. Asset growth was observed in 63 out of 87 pawnshops for which data was available for both years, while 24 institutions saw a decrease.
Market leaders and asset structure
Hurma Lombard remained the largest pawnshop by assets. Its assets increased 2.8 times—from 66.6 billion to 188 billion soms, accounting for 19.3% of the sector's total assets. Hurma Lombard contributed to 37.6% of the annual asset growth of all pawnshops. Among the top five are also Hashamatli Chinor with assets of 67.3 billion soms, Chinara Biznes Kredit with 60.2 billion soms, Maximum with 45.7 billion soms, and Stolichniy Kredit with 37.9 billion soms. These top five pawnshops accumulated 41% of the sector's assets, and the top ten accumulated about 56%.
Twenty-one pawnshops had assets exceeding 10 billion soms, making up 73.8% of the sector's total volume. Another 21 organizations had assets ranging from 5 to 10 billion soms, 29 had assets from 2 to 5 billion soms, and 18 had less than 2 billion soms. In total, 71 pawnshops with assets over 2 billion soms held 952.5 billion soms, equivalent to 97.8% of the sector's total volume.
Among pawnshops with assets over 10 billion soms, Zoloto demonstrated the strongest growth, increasing its assets 2.9 times to 30.5 billion soms. Credit Flex assets grew by 95.7% to 12.8 billion soms, and Navoiy Plus recorded an increase of 97.9% to 10.5 billion soms. Klassicheskiy Lombard increased its assets 2.9 times to 3.5 billion soms, and Davr Lombard—by 2.1 times to 1.8 billion soms. The most significant decrease in assets was noted at Bilol Daromad, which fell by 31.8% to 2.6 billion soms; Oqtepa Capital decreased by 24.9% to 1.6 billion soms; and Kibray-Kredit reduced by 22.1% to 2.5 billion soms.
Credit portfolio dynamics
The net credit portfolio of pawnshops increased by 32.9%, reaching 710.7 billion soms from the previous 534.8 billion soms. Lending activities expanded in 55 out of 87 pawnshops, while they contracted in 32 institutions. Net loans of Hurma Lombard amounted to 103.8 billion soms, showing an 88.3% growth and accounting for 14.6% of the sector's credit portfolio. It is followed by Hashamatli Chinor with 51 billion soms, Chinara Biznes Kredit with 45.5 billion soms, Maximum with 35 billion soms, and Stolichniy Kredit with 31.6 billion soms. The five largest pawnshops accounted for 37.6% of the total credit portfolio.
67 pawnshops whose loans exceeded 2 billion soms collectively held 689.4 billion soms, which is 97% of all credits in the sector.
Liabilities and bank financing
Pawnshop liabilities rose from 137.8 billion to 249 billion soms. Loans, borrowings, and leasing totaled 205.4 billion soms, covering 82% of total liabilities. Liability growth was recorded in 47 pawnshops, while a reduction occurred in 40 institutions. Funds attracted by pawnshops from banks increased 2.7 times—from 20 billion to 54.3 billion soms. As of September 1, 2026, 21 pawnshops had bank borrowings, compared to 17 the previous year.
Hurma Lombard's liabilities increased 3.2 times, reaching 124.8 billion soms, accounting for 50.1% of the sector's total volume. Its funds obtained from banks grew 4.8 times to 37.6 billion soms, covering 69% of all pawnshop bank borrowings. Next are Maximum with 3.2 billion soms in bank loans, Tillo Lombard with 2.9 billion soms, and Stolichniy Kredit with 2.4 billion soms. Besides Hurma Lombard, Chinara Biznes Kredit had the largest liabilities (17.5 billion soms), followed by Maximum (15.8 billion soms), Hashamatli Chinor (11.9 billion soms), and Credit Flex (7.1 billion soms). Fifteen pawnshops with liabilities over 2 billion soms provided a total of 220.6 billion soms, or 88.6% of the sector's liabilities. Liabilities in 67 pawnshops did not exceed 1 billion soms. It should be noted that Zoloto's liabilities decreased from 16.9 billion to 350 million soms.
Capital changes
The total capital of pawnshops increased from 513.3 billion to 724.7 billion soms. Capital growth occurred in 61 pawnshops, and a decline in 26. The authorized capital of the sector grew by 44.4%, rising from 156 billion to 225.3 billion soms. Eighteen pawnshops increased their authorized capital.
As of September 1, 2025, Zoloto had negative capital of 6.4 billion soms. By September 1, 2026, its capital reached 30.1 billion soms, and Zoloto's authorized capital grew from 500 million to 37.1 billion soms, which is the largest amount among all pawnshops. Hurma Lombard's capital increased 2.3 times to 63.2 billion soms, and its authorized capital grew 2.4 times to 35.9 billion soms. Maximum increased its authorized capital from 7.5 billion to 11.5 billion soms, Norik-Credit—from 3 billion to 5 billion soms, and Classic Lombard—from 800 million to 2 billion soms.
Fifty-one pawnshops with capital exceeding 3 billion soms owned 92.3% of the sector's total capital. A year ago, there were 44 such institutions, constituting 88% of the total volume. Twelve pawnshops had capital less than 1 billion soms, while 27 were in the range of 1 to 3 billion soms. Eight pawnshops had authorized capital over 3 billion soms, accounting for 62.2% of the sector's total authorized capital. Previously, there were seven such organizations, making up 49% of the total number. Forty-two pawnshops had authorized capital from 1 to 3 billion soms (26.8% of the total), and 40 had less than 1 billion soms (11%).