Liquidation of Yangi Bank: Deposit Insurance Agency to Ensure Full Guaranteed Payments

Tashkent, Uzbekistan (UzDaily.com) — On 15 January 2026, the Central Bank of Uzbekistan revoked the banking license of private Yangi Bank, reducing the number of operating banks in the country from 35 to 34.

The regulator’s decision followed the bank’s insufficient measures to address identified violations, particularly the shortfall in its statutory capital. As of January 1, 2026, Yangi Bank’s capital stood at 355 billion soums, significantly below the minimum legal requirement of 500 billion soums.

According to the Central Bank, Yangi Bank’s management and supervisory board repeatedly received written warnings demanding that capital be brought up to the required level. The bank failed to take adequate corrective actions, which became the basis for license revocation.

The regulator cited Articles 54 and 77 of the Law “On Banks and Banking Activities,” which allow license revocation in cases of insufficient capital, violations of limits on certain financial operations, losses exceeding 10% of regulatory capital for three consecutive quarters, or losses over 50% of capital at any time.

Yangi Bank’s operations will be forcibly terminated, with a liquidation commission appointed to oversee the process. At the time of license revocation, the bank had 32,526 depositors.
More than 32,153 depositors will receive full guaranteed payments through the Deposit Insurance Agency (DIA). The remaining 373 depositors will receive compensation up to the legal limit of 200 million soums, with any remaining funds distributed according to the liquidation commission’s decisions.

Payments for foreign currency deposits will be made in soums at the exchange rate on the date of the guarantee event, January 15. The agency is required to ensure access to payments for at least 75% of depositors within 15 working days. The increase in the maximum guaranteed amount introduced on February 19, 2025, does not apply retroactively: deposits opened before that date retain full 100% coverage.

Guarantees cover deposits of individuals, sole proprietors, and legal entities, but do not extend to accounts of state enterprises, banks, or financial institutions. The agency will regularly inform the public about payment progress, and depositors are not required to take any action until official information about the paying agent bank is published. The liquidation commission will also publish account details for credit settlements.

The Central Bank emphasized that the bank’s liquidation does not release borrowers from their loan obligations and warned clients not to fall for fraudulent offers promising early access to funds.

As of 1 December 2025, Yangi Bank’s assets totaled 593 billion soums, representing 0.067% of all assets in the country’s banking system. Its loan portfolio reached 188 billion soums, deposits amounted to 394 billion soums, and non-performing loans were estimated at 6.2%, or 12 billion soums.

By 13 January 2026, the bank’s assets totaled 577 billion soums, including a loan portfolio of 190 billion soums and highly liquid assets of 126 billion soums—31 billion in Central Bank accounts, 14.5 billion in other banks, and about 80 billion in REPO securities.

Fixed assets were valued at 254.7 billion soums, of which 155 billion accounted for the bank building and 103 billion for intangible assets. Total liabilities amounted to 394 billion soums, including 279 billion in individual deposits and 109.3 billion in legal entity deposits.

Undistributed losses reached 171 billion soums, reducing equity to 182.9 billion soums, below the statutory capital of 355 billion soums and the minimum required by law.