Banking Sector Remains Leader of Uzbekistan’s Capital Market by Number of Shareholders and Market Capitalization

Tashkent, Uzbekistan (UzDaily.com) — An analysis of the results for 2025 shows that the banking sector continues to be the most populous segment of Uzbekistan’s capital market in terms of both market capitalization and number of shareholders.

According to the Central Depository, the total volume of shares issued by 38 banks in the country exceeded 95.9 trillion soums.

The high number of shareholders reflects not only the scale of banking operations but also the growing trust of the public and businesses in financial institutions.

Almost 75% of all shareholders — 174,089 out of 234,531 individuals — are private individuals, confirming strong citizen interest in investing in the securities market.

Traditionally, Agrobank leads in terms of number of shareholders, with 92,789 investors registered in its registry. The top three is completed by Uzpromstroybank with 40,145 shareholders and Microcreditbank with 34,603.

Significant shareholder bases are also noted for Ipoteka Bank (22,003) and Turonbank (10,715), allowing them to maintain high positions in the investor coverage ranking.

Maintaining the shareholder registry through the Central Depository ensures reliable protection of investors’ rights and transparency of data.

These figures clearly demonstrate that Uzbekistan’s banking system continues to evolve toward openness and accessibility for a broad segment of the population.