Octobank introduces new credit products Octo Card and Octo Restart for borrowers

Octobank has announced the launch of two new financial instruments—Octo Card and Octo Restart—which expand the bank's credit offerings. These products allow clients to either cover current personal needs or change the terms of existing loans.

Both offers are available for up to sixty months, and a decision is made on the day the application is submitted.

Octo Card—for covering current and planned expenses

Octo Card is designed to finance various personal goals, such as purchasing new equipment, furnishing a home, or paying for education. The loan term for this card can reach five years, and clients have the right to choose an interest-free period of up to three months.

Interest rates depend on the client category: for bank employees and participants in salary projects, the rate is set at 25% per annum, while for other borrowers, it will be 30% per annum. Repayment is made through monthly annuity payments, which promotes more sound financial planning.

Amount—to match the scale of the task.

The maximum amount that can be obtained with Octo Card is 100 million UZS. The bank covers the risk of non-repayment for half of this amount, and the remaining portion is issued without collateral requirements. If the required amount exceeds 100 million UZS, the loan amount will be determined based on the collateral value of the property.

Octo Restart—new opportunities for existing loans

The Octo Restart program allows borrowers to refinance a loan taken from another financial institution. This means the old debt is settled, and future payments are made through Octobank under improved conditions.

Under this program, one can receive an amount from 4 to 100 million UZS for a term of up to five years. The base interest rate is 28.9% per annum. However, provided there is good payment discipline—meaning no delays exceeding five days within the last twelve months before applying for refinancing—the rate can be reduced to 24.9% per annum.

Experts note that the product is most relevant for those servicing a loan at a higher rate or who wish to adjust repayment terms. The new conditions can reduce the monthly financial burden and free up part of the budget for other needs. When assessing the benefit, it is important to consider the total overpayment: extending the term may lower the monthly payment amount but simultaneously increase total costs.

The refinancing amount includes both the principal debt and the accrued interest at the time of the decision. The borrower must independently pay the interest for the period between the transfer of funds to the transit account and the full closure of the previous loan. To apply, compliance with the bank's requirements regarding collateral is necessary. It should be noted that refinancing does not apply to credit cards, overdrafts, and loans issued under preferential programs.

Online Application

A decision on both products is provided on the day of application. The application can be submitted on the official Octobank website, and the application process is completed at the bank's office after verification and submission of necessary documents. In the case of Octo Restart, after approval and signing the agreement, the funds are transferred to another bank's account to repay the loan.

These products are aimed at citizens of Uzbekistan aged 20 to 60 who are registered in Tashkent or Tashkent region, provided they meet the bank's general requirements. For detailed information and to apply for Octo Card and Octo Restart, consultation with a specialist is offered at +998 71 202 33 33.

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podrobno.uzOctober 20, 12:58

Octobank reports Q3: Profit increased by 57.5%, new payments and settlements in 16 currencies implemented

In the third quarter of 2026, Octobank demonstrated significant financial growth, increasing its profit by 57.53% compared to the same period last year. In the first nine months of 2026, the bank's profit reached 266.36 billion soums. Furthermore, the bank expanded its services by enabling Apple Pay and Google Pay support for internet acquiring partners and increasing corporate clients' capabilities for international settlements to sixteen different currencies.

As of October 1st, Octobank's assets amounted to 14.62 trillion soums, representing a year-on-year increase of 178.87%. The bank's loan portfolio grew by 104.56%, reaching 832.68 billion soums. Equity capital increased by 38.93% to 1.30 trillion soums. The volume of liabilities showed impressive growth of 209.21%, rising from 4.31 trillion to 13.32 trillion soums.

The bank's financial indicators include a Return on Equity (ROE) of 27.4%, authorized capital of 500 billion soums, and net interest income of 439.39 billion soums. Octobank's client base exceeded 3.66 million people, and the staff numbers 487 employees.

During the third quarter, Octobank launched three new credit products: the 'Mortgage' program for housing acquisition, 'Auto Credit 1.0' for purchasing new cars, and 'Auto Credit 2.0' for used cars. Internet acquiring partners now have access to payment acceptance via Apple Pay and Google Pay. Among the first major companies to implement this feature were Uzbekistan Airways and Centrum Air, allowing their passengers to pay for tickets with digital wallets using tokenization technology for card data protection.

For corporate clients, options for currency conversion operations and international payments were expanded, now supported in 16 currencies. These currencies include the Chinese Yuan, Singapore Dollar, Swiss Franc, Polish Zloty, Czech Koruna, Canadian Dollar, Mexican Peso, Australian Dollar, and Japanese Yen. Additionally, Octobank strengthened partnerships with both local and foreign financial institutions, providing them with the necessary infrastructure to develop their own services.

In the mobile applications of partners such as Paynet, Microcreditbank, Asia Alliance Bank, BRB, Anorbank, and the Bank of Tajikistan Development, capabilities for making international transfers to Turkey, China, Tajikistan, and other countries have appeared.

In the third quarter, the bank confirmed its compliance with the international standard PCI DSS v4.0.1 regarding the protection of payment card data. Octobank also received the international ISO 37001:2025 certificate in the field of anti-corruption management system. These achievements strengthen Octobank's status as a reliable financial institution whose activities are based on the principles of responsibility, transparency, and security, contributing to increased trust from both clients and international partners.

Octobank was awarded twice within the International Global Banking & Finance Awards 2026. The bank received recognition in two nominations: 'Best Digital Bank in Uzbekistan' and 'Best Treasury Operations Bank in Uzbekistan'. This award recognizes the successes of financial organizations in developing digital solutions, banking services, and treasury operations.

At the Silk Road Finance & Technology Forum, held in Tashkent from August 24 to 26, Octobank served as a main partner. Representatives from seven departments of the bank presented solutions in the areas of acquiring, Open Banking, and cross-border payments to foreign guests.

In China, at the CIFIT event, an Octobank delegation held negotiations with international financial institutions regarding correspondent relationships, international settlements, treasury operations, and trade finance. These areas contribute to the development of channels for cross-border payments and the expansion of corporate client service capabilities.

From September 28 to October 1, the Octobank delegation participated in SIBOS 2026 in Miami, holding over one hundred business meetings over four days. The bank was the only representative of the Uzbek banking sector to have its own stand at the forum. Negotiations took place at SIBOS with organizations such as BNY, Raiffeisen Bank International, ICBC Standard Bank, China Construction Bank, Standard Chartered, Société Générale, Landesbank Baden-Württemberg, and Citi Bank. Issues concerning currency and interbank operations, trade finance, and payment solutions were discussed.

The bank's international program in the USA continued in New York, where the bank showcased its capabilities to an international audience on Times Square, becoming one of the first banks from Uzbekistan represented in this iconic location.

Parallel to the financial and technological progress in the third quarter, Octobank continued to participate in socially significant projects. As part of the celebration of World Savings Day — 2026, together with the Central Bank, the bank held open lectures on financial literacy at the University of World Economy and Diplomacy, as well as at the State Institute of Arts and Culture of Uzbekistan. Students discussed topics such as expense planning, personal budget management, and savings accumulation.

A 'Case Club' was launched on the campus of the 'New Uzbekistan' University, which allows students to apply theoretical knowledge to real business problems and gain insight into practical work in the banking sector through interaction with specialists. Supporting the intellectual potential of youth remains an important direction for Octobank's long-term contribution to societal development.

Thus, the third quarter of 2026 marked a significant stage for Octobank, characterized by growth in financial indicators, improvement in banking products and payment infrastructure, and increased activity in the global financial arena.