Finance
Finance
Fitch Ratings: Uzbekistan’s Bank Privatization Backed by a More Targeted Program
The revised bank privatization program in Uzbekistan demonstrates a more targeted approach by the authorities, who have made the Uzbek Industrial and Construction Bank (SQB, …
Draft Law on Islamic Banking Passed by Legislative Chamber
The Legislative Chamber of the Oliy Majlis has reviewed in its second reading a draft law aimed at introducing Islamic …
Ipoteka Bank OTP Group Reports Profit of 1.2 Billion Soums for First Nine Months of 2025
Ipoteka Bank OTP Group has published its financial results for the first nine months of 2025 in accordance with International …
Central Bank Fines 18 Banks for Website Compliance Violations
The Central Bank of Uzbekistan conducted a review of the official websites of commercial banks during September and October 2025 …
Uzbekistan Establishes First Microfinance Bank
The Central Bank of Uzbekistan has officially licensed Tayyab Finance Mikromoliya Tashkiloti Joint Stock Company to operate as a microfinance …
Uzbekistan Leads in Remittances from Kazakhstan
In September 2025, a total of 71.6 billion tenge was transferred abroad from Kazakhstan.
AVO Bank to Issue Deposit Certificates Worth 500 Billion Soums
The shareholder of AVO Bank has approved the issuance of deposit certificates totaling 500 billion Uzbek soums, according to the …
Uzbekistan’s Interior Ministry to Publish Annual List of Banks with Highest Number of Cyber Incidents
The Ministry of Internal Affairs of Uzbekistan plans to annually publish a list of banks and payment organizations that have …
Tashkent Nearly Doubles Planned Target for Foreign Investment
Tashkent is demonstrating steady growth in investment inflows: since the beginning of 2025, the volume of foreign capital utilized has …
Uzbek Soum Continues to Strengthen, but Pace Slows
As of 6 November 2025, the Uzbek soum has strengthened, though not as sharply as in previous weeks.