Tashkent, Uzbekistan (UzDaily.uz) — Kapitalbank has become Uzbekistan's fourth-largest bank by total assets, moving up one position in the national rankings after its assets increased by 28.5% year on year to 66.6 trillion soums as of 1 October 2026.
According to the Central Bank of Uzbekistan, Kapitalbank ranked fifth a year earlier, behind Asakabank.
The bank remains the country's largest financial institution without state ownership, accounting for 6.4% of total banking system assets.
State-Owned Banks Retain Top Three Positions
Banks with state participation continue to dominate the top three positions in Uzbekistan's banking sector.
The National Bank of Uzbekistan (NBU) remained the country's largest bank, with assets of 146.8 trillion soums, representing 14% of the banking system's total assets.
Agrobank ranked second with 126.5 trillion soums, equivalent to 12.1% of the market.
Uzpromstroybank (SQB) occupied third place with assets of 104.3 trillion soums, accounting for 10% of the total.
Together, these three banks held 36.1% of all banking sector assets.
Kapitalbank followed in fourth place with 66.6 trillion soums.
Asakabank ranked fifth with 61.9 trillion soums, followed by People's Bank with 59.6 trillion soums and Ipoteka Bank with 58.5 trillion soums.
Hamkorbank held assets of 44.4 trillion soums, while the Business Development Bank reported 41 trillion soums.
Ipak Yuli Bank completed the top ten with assets of 40.1 trillion soums.
Asset Growth Varies Significantly Among Leading Banks
Annual asset growth differed considerably among Uzbekistan's largest banks.
The National Bank of Uzbekistan recorded an increase of just 1.1%, while Asakabank's assets rose by 2.4%.
Uzpromstroybank reported growth of 9.5%.
By comparison, Agrobank expanded its assets by 25.3%, while Kapitalbank recorded growth of 28.5%.
Among banks with assets exceeding 10 trillion soums, Trustbank demonstrated particularly strong expansion, increasing its assets by 78.5% to 23 trillion soums.
Ipak Yuli Bank recorded growth of 60.3%, followed by Anorbank with 49.8%.
Invest Finance Bank increased its assets by 40.9%, while Hamkorbank reported growth of 36.7%.
Octobank's assets expanded nearly 2.8 times over the year, reaching 14.6 trillion soums.
Smaller Banks Record Rapid Expansion
Several smaller banks also reported substantial increases in their asset bases.
Uzum Bank's assets rose 3.1 times to 4.5 trillion soums.
Apex Bank recorded a 2.9-fold increase to 6.2 trillion soums, while Hayot Bank's assets expanded 2.2 times to 10.1 trillion soums.
TBC Bank was the only institution with assets exceeding 10 trillion soums to report an annual decline.
Its assets decreased by 5.2% to 13.4 trillion soums.
National Bank Leads in Deposits and Lending
The National Bank of Uzbekistan also retained first place in terms of deposits, with 58.8 trillion soums attracted from customers.
Kapitalbank ranked second with deposits of 51.5 trillion soums, followed by Agrobank with 44.6 trillion soums.
The three largest banks by loan portfolio were the same institutions that led the overall asset rankings.
The National Bank of Uzbekistan held the largest loan portfolio at 104.1 trillion soums.
Agrobank followed with 95.9 trillion soums, while Uzpromstroybank ranked third with 59.3 trillion soums.
The Central Bank's figures highlight Kapitalbank's strengthening position among Uzbekistan's leading financial institutions, alongside rapid asset growth at several privately owned and smaller banks.
Despite these developments, banks with state participation continue to occupy the top three positions in the country's banking sector.
