Central Bank of Uzbekistan Fines 10 Banks and One Microfinance Organization

Tashkent, Uzbekistan (UzDaily.com) — In December 2025, the Banking Supervision Committee of the Central Bank of Uzbekistan held six meetings, during which 45 issues were reviewed and relevant decisions were adopted on each of them.

Thirty of the issues considered related to registration and licensing matters. These included amendments to the charters of credit institutions, the registration of newly established microfinance and credit organizations, the granting of approvals for ownership stakes in banks’ charter capital, operations under a “regulated license,” the issuance of auditor certificates for inspections, and the approval of candidates for supervisory boards, management boards, and key positions at commercial banks.

The remaining 15 issues concerned the financial condition of credit institutions. These covered compliance with regulatory acts and prudential standards of the Central Bank, the results of inspections of commercial banks, credit institutions, and microfinance organizations, consumer protection in banking services, measures to combat money laundering, terrorist financing, and the proliferation of weapons of mass destruction, as well as ensuring cybersecurity at banks and payment organizations.

As a result of supervisory actions, enforcement measures and sanctions were applied to 10 banks, one payment organization, and one payment operator for non-compliance with prudential standards, violations of legislation, and breaches identified during inspections.

In addition, fines were imposed on 10 banks and one microfinance organization for violations of Central Bank requirements, prudential norms, and regulations on combating money laundering, terrorist financing, and the proliferation of weapons of mass destruction.