Tashkent, Uzbekistan (UzDaily.uz) — Commercial banks in Uzbekistan must review interest and penalty charges on loans for which courts have issued debt recovery rulings, the Central Bank of Uzbekistan said.
Under Part 3 of Article 744 of the Civil Code, interest, fines and penalties must no longer accrue on the amount awarded by a court once a ruling has been issued.
This means the amount specified in the court decision must not increase through subsequent interest or penalty charges.
The Central Bank’s Banking Supervision Committee has instructed the supervisory boards and management boards of commercial banks to ensure compliance with this requirement.
Banks’ internal audit services must complete the relevant checks by 10 December 2026. They are required to review loans covered by court rulings and establish whether interest and penalties stopped accruing after the decisions were issued.
The findings and any violations identified must be submitted to the banks’ supervisory and management boards for consideration.
Banks that unlawfully charged interest or penalties must cancel those charges. Any funds already collected from borrowers must be refunded promptly.
By 25 December 2026, bank management boards must submit detailed reports to the Central Bank on the work completed and the funds returned. The reports must include supporting documents.
Borrowers who have encountered such cases can contact the Central Bank’s call centre at 71 200 00 44 or 18 00. Complaints can also be submitted through the “Bankda nima gap?” Telegram bot: http://t.me/tajriba_lab_bot.
