Mortgages and Credit Cards Lead Loan Demand Growth in Uzbekistan

Tashkent, Uzbekistan (UzDaily.uz) — As of 1 June 2026, the aggregate loan portfolio of the banking system of Uzbekistan reached 636.0 trillion soums, representing an increase of 5.3% compared to the beginning of the year. The highest growth rates were recorded in the credit card and overdraft segment, while mortgage loans continue to hold the largest share in retail lending.

The volume of loans issued to individuals amounted to 232.9 trillion soums, which is 5.7% higher than the figure at the start of the year. Mortgage lending maintained its leading position within the retail portfolio structure, with the volume of such loans reaching 85.2 trillion soums, an increase of 7.3%.

Demand for micro-financing instruments also continued to expand. The volume of microcredits rose by 11% to reach 44.9 trillion soums, while microloans grew by 2.6% to 50.2 trillion soums.

Credit cards and overdrafts demonstrated the most rapid dynamics in the consumer lending segment. Their total volume jumped by 24.3% since the beginning of the year, reflecting a growing demand among the population for short-term liquidity instruments.

Meanwhile, the volume of loans granted to legal entities reached 403.1 trillion soums, an increase of 5.1%. The corporate segment continues to form the bulk of the overall credit portfolio of the banking system.

Among corporate financial instruments, leasing and factoring operations showed the most notable expansion, increasing by 19.7%. Interbank lending also grew significantly by 43.2%, indicating expanded financing options within the banking sector and for corporate entities.

The overall structure of the credit portfolio demonstrates that high business activity is being maintained across both the retail and corporate segments. The most stable and robust demand remains concentrated in mortgages, small business financing, and short-term liquidity tools.