Tashkent, Uzbekistan (UzDaily.uz) — By resolution of the Board of the Central Bank of the Republic of Uzbekistan, a Regulation on macroprudential standards applicable to banks and requirements for the maximum size of loan (microloan) payments has been approved. The document was registered by the Ministry of Justice on 22 April 2025 under number 3618.
The regulation introduces key macroprudential indicators, including:
the debt service-to-income ratio (DSTI);
the loan-to-value ratio (LTV);
concentration ratios for various types of loans (including microloans);
and limits on the maximum size of loan and microloan payments.
The debt service-to-income (DSTI) ratio is set at a ceiling level, and the methodologies for calculating a borrower’s average monthly payments and income have been aligned with international standards.
The LTV ratio is being introduced for car and mortgage loans, with defined ceiling thresholds and a clear calculation methodology that includes determining the value of collateral and the loan amount.
The document also sets requirements for the composition of the credit portfolio, limiting the share of microloans, credit cards, and auto loans in order to mitigate the risks associated with excessive concentration.
In addition, Resolution No. 3205-4 of the Board of the Central Bank dated 21 April 2025 introduces amendments to the Regulation on the debt burden of individual borrowers. Its provisions will now also apply to microfinance institutions and pawnshops, thereby strengthening oversight of consumer lending outside the banking system.
The adoption of these new standards is aimed at reinforcing the stability of the banking system and ensuring the effective application of macroprudential tools by the Central Bank.
