Finance
Finance
Alokabank profit rises 63% in Q1 2026
Alokabank net profit reached 118.0bn soums in Q1 2026, up 63.4% year-on-year, driven by asset and loan growth despite higher NPL levels.
Shinhan Bank prepares entry into Uzbekistan market
South Korea’s Shinhan Bank is preparing to enter Uzbekistan, planning a local subsidiary as part of its Central Asia expansion …
Ipak Yuli Bank Deepens Cooperation with EBRD
Ipak Yuli Bank became a confirming bank under EBRD’s TFP, strengthening trade finance tools and support for Uzbekistan’s international trade.
Uzbekistan Revises System of Financial Penalties
Uzbekistan will introduce new rules on financial fines, including discounts for early payment, installment options, and a digital enforcement registry.
Uzbekistan and Kazakhstan Strengthen Insurance Protection
Uzbekistan and Kazakhstan signed a memorandum to enhance insurance payout systems, improve policyholder protection and align market standards.
Uzbekistan Opens Competition for Tashkent IFC Leadership
Uzbekistan has launched an international competition to appoint top executives of the Tashkent International Financial Centre ahead of its 2027 …
Agrobank Responds to Corruption Allegations Case
Agrobank has issued a statement regarding corruption allegations involving a court case, confirming an internal investigation and cooperation with law …
Uzbekistan, South Korea Boost Finance Cooperation
Uzbekistan and South Korea agreed to expand cooperation in public finance management, focusing on digital budgeting and transparency reforms.
Uzbekistan Plans Easier Business Account Freezes
Uzbekistan plans to simplify procedures for freezing and unfreezing business bank accounts in tax cases, reducing court involvement in non-disputed …
Uzbekistan Sees Surge in Credit Self-Bans
Over 2.2 million citizens in Uzbekistan have activated credit self-restriction services, reflecting rising awareness of financial security and fraud prevention.