Uzbek banks recorded a 30.88% deposit increase in Q1 2026, driven by rising trust and liquidity; Octobank led with a 416% surge in corporate deposits.
Uzbekistan's banking sector expanded its credit portfolio significantly in Q1 2026, but rising non-performing loans, especially in state banks, highlight emerging financial risks.
Uzbekistan enforces new banking rules requiring minimum balances on cards during automatic debt repayments to prevent full fund depletion and protect consumers.
Uzbekistan fast-tracks Asakabank privatization with targeted asset transfers, capital injections, and strategic partnerships, signaling a pivotal reform in the state banking sector.
Leading Uzbek banks reported strong Q1 2026 earnings with rising profits, expanded assets, and diversified income amid increased competition and growing credit risks.