Finance
Finance
Fitch Upgrades Outlook on Seven Uzbek State Banks to Positive
Fitch Ratings revised its outlook on seven Uzbekistan state banks from Stable to Positive, citing improved sovereign support capacity and a stronger country credit profile.
Uzbekistan Fraud Ring Stole $2.7M Via Tax Cashback App
Three suspects in Fergana used fake invoices worth 3.3 trillion soums to fraudulently claim cashback from 211,000+ citizens via Uzbekistan's …
Uzbekistan Outlines Islamic Banking Licensing Rules
The Central Bank of Uzbekistan releases draft regulations for licensing Islamic banks, launching "Islamic windows," and transitioning conventional banks.
Uzbekistan's factoring market grows 75% in Q1 2026 — central bank data
Uzbekistan's factoring services reached 2.3 trillion soums in Q1 2026, up 75% year-on-year, with digital platforms accounting for more than …
Apex Bank posts 56.4 billion soums profit in Q1
Apex Bank reported a net profit of 56.4 billion soums in Q1 2026, reversing a loss a year earlier, with …
Uzbekistan gold and forex reserves decline in May data
Uzbekistan’s international reserves fell to US$70.58 billion as of 1 June, down US$307.2 million in a month, central bank data …
Uzbekistan microfinance market grows 17% in Q1 2026
Uzbekistan microfinance sector expanded 17% in Q1 2026 to 35.8 trillion soms, driven by banks, MFIs, and regional growth, Central …
Highland Capital Raises US$36 Million for Central Asia Fund
Highland Capital has secured US$36 million in the first closing of its second Central Asia fund, targeting growth-stage SMEs in …
Uzbekistan’s Inflation Slows to 5.5% in May 2026
Annual inflation in Uzbekistan eased to 5.5% in May 2026 as food prices remained mixed and the impact of last …
Uzbek Soum Remains Strong Against U.S. Dollar
The Uzbek soum continued to strengthen against the U.S. dollar over the past two weeks, supported by gold exports despite …