Economy Ministry Ranks Uzbekistan Banks in Housing and Mortgage Market

Tashkent, Uzbekistan (UzDaily.uz) — The Ministry of Economy and Finances of the Republic of Uzbekistan has published a comprehensive activity rating of commercial banks in the development of the housing market and mortgage lending.

The indicators were formed as of 1 June 2026 based on an in-depth analysis of the activities of financial institutions in two key areas: the provision of mortgage loans to the population and the financing of housing construction sectors.

The developers of the index emphasize that the presented rating reflects purely sectoral activity of banks in the real estate sector and cannot serve as a characteristic of their overall financial stability or aggregate operational results.

Activity Rating for Providing Mortgage Loans to the Population

In the retail mortgage lending segment for the population, the leading position was taken by the People's Bank (Xalq Banki), which ranked first. The top three leaders also included the National Bank of Uzbekistan (NBU) and Ipoteka-Bank, taking second and third places respectively.

Further positions in the top 10 most active mortgage banks were distributed as follows: Uzpromstroybank took fourth place, Microcreditbank ranked fifth, Asakabank took the sixth line, and Agrobank came seventh. Closing the top 10 were Turonbank (eighth place), Orient Finans Bank (ninth place), and Trustbank (tenth place).

The final score in this sub-account was formed from 10 weighted criteria, where the greatest weight was given to the annual dynamics of loan issuance (17%), the volume of loans funded by the bank's own capital (17%), and the total volume of the mortgage portfolio for the current year (15%). The quality of the portfolio, interest rates, and the share of state-subsidized programs were also taken into account.

Activity Rating for Housing Construction Financing

In the field of corporate financing for housing construction, the focus of activity shifted toward other players. Agrobank topped this rating, taking first place due to high volumes of lending to developers and contracting organizations. Business Development Bank (BRB) took the second line, while the National Bank of Uzbekistan (NBU) firmly holds third place.

The remaining places in the leading top 10 were distributed as follows: Hamkorbank took the fourth position, the People's Bank ranked fifth, Turonbank took the sixth line, and Uzpromstroybank came seventh. Located lower in the rating were Aloqabank in eighth place, Ipoteka-Bank in ninth place, and Microcreditbank, which closed the top 10 leaders.

When evaluating the construction direction, the ministry used a balanced scale, where 15% of the weight each was allocated to the volumes of current and three-year loans to contractors, the growth rate of financing, the share of the bank's own funds, and the repayment capacity (quality) of the established developer portfolio.