Uzbekistan Banking Assets Reach 932.3 Trillion Soums

Tashkent, Uzbekistan (UzDaily.com) — The total assets of Uzbekistan’s banking system reached 932.3 trillion soums as of 1 March 2026, according to data from the Central Bank of Uzbekistan. This represents a 19.5% increase compared to 780.2 trillion soums recorded a year earlier.

Total liabilities of the banking sector amounted to 794.0 trillion soums, up 19.8% from 662.8 trillion soums as of 1 March 2025. The system-wide ratio of assets to liabilities remained stable at 117%.

Assets of state-owned banks grew by 16.0% to 590.6 trillion soums, while their liabilities increased at the same pace to 508.1 trillion soums. The asset-to-liability ratio in this segment remained unchanged at 116%.

Private banks demonstrated faster growth, with assets rising by 26.1% to 341.7 trillion soums and liabilities increasing by 27.1% to 285.9 trillion soums. Their asset-to-liability ratio stood at 120%.

The total loan portfolio of the banking system expanded by 13.6% to 613.7 trillion soums, compared to 540.0 trillion soums a year earlier. Meanwhile, the deposit base grew at a significantly higher rate of 32.1%, reaching 421.9 trillion soums, up from 319.4 trillion soums. As a result, the system-wide loan-to-deposit ratio declined from 169% to 145%.

State-owned banks continued to show a notable gap between loans and deposits. Their loan portfolio increased by 10.7% to 410.4 trillion soums, while deposits rose by 35.2% to 217.9 trillion soums. Consequently, the loan-to-deposit ratio in this segment decreased from 230% to 188%, marking the most significant improvement among all bank groups.

Private banks recorded a 20.0% increase in lending to 203.3 trillion soums, alongside a 28.9% rise in deposits to 204.0 trillion soums. The loan-to-deposit ratio declined from 107% to 100%, effectively reaching parity.