Tashkent, Uzbekistan (UzDaily.uz) — Bank lending to Uzbekistan’s industrial sector totalled 133.4 trillion soums as of 1 October 2026, down 8.8% year on year. On 1 October 2025, the sector’s outstanding loans stood at 146.3 trillion soums, according to the Central Bank of Uzbekistan.
The decline came as banks’ overall loan portfolio grew by 13.2% to 659.1 trillion soums. As a result, industry’s share of total lending fell from 25.1% to 20.2%. The sector’s loan portfolio contracted by 12.9 trillion soums.
Construction recorded the fastest growth in lending. Loans to the sector increased by 33.4% over the year to 22.9 trillion soums, raising its share of the overall portfolio from 3% to 3.5%.
Lending to trade and public services grew at a similar pace, rising by 31.7% to 53.9 trillion soums. Its share increased from 7% to 8.2%.
Loans to transport and communications rose by 16.4% to 37.9 trillion soums. Agriculture received 68 trillion soums in loans, up 14.5% year on year. The sector’s share of the overall portfolio remained at around 10%.
Lending to material and technical supply and sales grew more slowly, increasing by 2.9% to 4.6 trillion soums. Loans to housing and communal services rose by 9.2% to 2 trillion soums.
Loans to other sectors increased by 24% to 88 trillion soums, with their share of the portfolio rising from 12.2% to 13.4%.
Individuals remained the largest borrower category. Loans to households increased by 19% year on year to 248.4 trillion soums, accounting for 37.7% of the total portfolio, compared with 35.8% a year earlier.
The retail loan portfolio is now 1.9 times larger than loans to industry, compared with a ratio of 1.4 a year earlier.
Total lending to legal entities increased by 9.9% over the year to 410.7 trillion soums, growing at roughly half the pace of retail lending. Industry accounts for about one-third of this corporate loan portfolio.
Together, individuals, industry and agriculture account for more than two-thirds of Uzbekistan’s total bank loan portfolio.
