Tashkent accounts for 45% of banking loans and 76% of deposits in Uzbekistan

According to data from the Ministry of Economy and Finance, between January and September 2026, Uzbekistan provided mortgage loans to citizens totaling 20.9 trillion soms. This figure demonstrates a 39% increase compared to the same period last year. The total loan amount exceeded the volume issued in the first nine months of 2025 by 5.9 trillion soms, while 67,598 people received mortgage loans during the reporting period.

The disbursed amount accounted for 91% of the target for 2026, which stipulates the provision of 23 trillion soms in mortgage financing. The program is financed from three sources: 12.2 trillion soms from the state budget, 7.8 trillion soms from commercial banks' own funds, and 3 trillion soms from the Uzbekistan Mortgage Refinancing Company.

Of all the loans issued since the beginning of the year, 12.8 trillion soms, or 61%, were financed from the state budget. Commercial banks contributed an additional 6.1 trillion soms (29%), and the Uzbekistan Mortgage Refinancing Company provided 2 trillion soms, which accounts for 10% of the total amount.

During the nine-month period, mortgage financing for the primary housing market reached 15.5 trillion soms. The number of mortgage loans issued for purchasing housing in the primary market increased from 37,000 in January–September 2025 to 49,800 in the same period of 2026.

In the secondary market, mortgage lending amounted to 5.2 trillion soms, which is 28% more compared to the previous year. As of October 1, 2026, the total amount of mortgage subsidies paid under the program reached 1.2081 billion soms. Of this amount, 800.3 billion soms, or 66%, was allocated to compensate borrowers for interest payments on mortgage loans.

The remaining 407.8 billion soms, which constitutes 34% of the total volume, was provided to 13,722 citizens to cover down payments when purchasing housing.

According to the Central Bank of Uzbekistan, as of October 1, 2026, the volume of non-performing loans (NPL) in commercial banks in Uzbekistan reached 25.04 trillion soms. This amount constitutes 3.8% of the total loan portfolio of the banking sector, which is estimated at 659.1 trillion soms.

In state-owned banks, the share of NPL was 16.9 trillion soms, equivalent to 3.98% of their loan portfolios. In other banks, non-performing loans reached 8.1 trillion soms, or 3.47% of issued loans.

The largest volume of non-performing loans is concentrated in the country's largest state banks. For example, Agrobank reported 3.18 trillion soms in NPL, corresponding to 3.3% of its portfolio. UzNationalBank recorded 3.11 trillion soms, or 3%.

Microcreditbank ranked third in terms of NPL volume with a figure of 2.74 trillion soms, which accounts for 11.4% of its total lending volume. Among other banks with large volumes of NPL were Uzpromstroybank (1.79 trillion soms, 3%), Asaka Bank (1.61 trillion soms, 4.1%), Xalq Bank (1.59 trillion soms, 4.1%), and Business Development Bank (1.53 trillion soms, 5.8%).

Mortgage Bank reported 1.24 trillion soms in NPL, or 3.3% of its portfolio. The figures for Anor Bank and Kapitalbank were 1.18 trillion soms (9%) and 1.11 trillion soms (2.8%), respectively.

Madad Invest Bank demonstrated the highest NPL ratio: 254.8 billion soms out of a total portfolio of 586.8 billion soms, which equals 43.4%. Other banks with double-digit NPL ratios included Poitakht Bank (13.8%), TBC Bank (13.4%), and Microcreditbank (11.4%). The ratio was about 9% at Anor Bank, 6.9% at AVO Bank, and 6.1% at Garant Bank.

UzKDB Bank and Octobank did not report any non-performing loans. NPL ratios were below 1% at Uzum Bank, Apex Bank, Open Bank, and Tayanch Microfinance Bank.

Among medium and large banks, Hamkorbank had the lowest NPL ratio—1.5%, followed by Ipak Yuli Bank (1.7%) and Invest Finance Bank (2.3%).

According to the banking sector's income and expenditure report, the estimated potential losses on loans and leases as of October 1, 2026, reached 24.9 trillion soms. This figure increased by 34% compared to 18.6 trillion soms a year earlier.

As of October 1, 2026, the banking system of Uzbekistan had a total credit portfolio of 659.1 trillion UZS, while deposits amounted to 501 trillion UZS.

According to data from the Central Bank of Uzbekistan, regions outside Tashkent provided 361.6 trillion UZS, which accounts for 54.9% of the total credit portfolio volume.

Loans to individuals constitute a significant share of regional lending. Across the entire country, the total amount of outstanding loans to individuals reached 248.4 trillion UZS, with 175.1 trillion UZS, or 70.5%, concentrated in regions outside the capital. Loans to legal entities totaled 410.7 trillion UZS.

Fergana region demonstrated the largest regional credit portfolio with an amount of 38.7 trillion UZS. It is followed by Samarkand region (34.5 trillion UZS), Tashkent region (31.4 trillion UZS), Andijan region (31.2 trillion UZS), and Kashkadarya region (31 trillion UZS). These five regions together accounted for almost 46% of the credit portfolio outside the capital.

The smallest credit portfolios were recorded in Jizzakh region (21.2 trillion UZS), Syrdarya region (21.3 trillion UZS), and Navoi region (21.6 trillion UZS). In Karakalpakstan, the credit portfolio reached 22.6 trillion UZS.

Among the regions, Samarkand showed the largest volume of loans to individuals—18.4 trillion UZS. In Fergana, this figure was 17.8 trillion UZS, in Andijan—16.6 trillion UZS, and in Kashkadarya—16.2 trillion UZS. Syrdarya has the smallest volume, equal to 5.8 trillion UZS.

In Tashkent, the credit portfolio reached 297.5 trillion UZS, including 224.3 trillion UZS in loans to legal entities and 73.2 trillion UZS in loans to individuals.

Deposits in regions outside Tashkent amounted to 118.1 trillion UZS. Individuals provided 84.5 trillion UZS of this, accounting for 71.6% of that amount. The Central Bank noted that household savings play an important role in forming the deposit base in the regions.

Samarkand region leads in deposit balance among regions with an amount of 14.7 trillion UZS, followed by Bukhara region (13.9 trillion UZS) and Khorezm region (13 trillion UZS). In Bukhara and Khorezm, households contributed over 80% of the total deposits. The smallest deposit balances were recorded in Syrdarya region (2.3 trillion UZS) and Jizzakh region (3.9 trillion UZS).

The majority of deposits are concentrated in Tashkent, where the total volume reached 383 trillion UZS. Of this amount, 275.8 trillion UZS belonged to legal entities, and 107.1 trillion UZS to individuals. Overall across the country, individuals hold deposits totaling 191.6 trillion UZS, and legal entities hold 309.4 trillion UZS.

According to the Central Bank, regional indicators show that a significant part of Uzbekistan's banking lending occurs outside the capital, with loans to individuals and household deposits being important components of regional banking activity.