Uzbekistan Banking Sector Assets and Deposits Show Double-Digit Growth

Tashkent, Uzbekistan (UzDaily.uz) — The banking system of the Republic of Uzbekistan is demonstrating a consistent strengthening of its resource base and stable growth in key balance sheet indicators.

According to official data from the Central Bank, as of 1 June 2026, the aggregate assets of the country's banking sector reached 984.4 trillion soums. In annual terms, this indicator increased by 18.6%, confirming the systematic expansion of the financial potential of credit organizations for subsequent investment and lending to the real sector of the national economy.

In sync with the growth of asset items on the balance sheet, the volume of accepted liabilities also increased, reaching 838.8 trillion soums over the same period. Meanwhile, the macroeconomic ratio of aggregate assets to liabilities of commercial banks stabilized at 117%. Maintaining this coefficient at an unchanged level for 12 months indicates the high stability of the overall financial position and solvency of the domestic banking sector.

The structure of fund allocation and attraction underwent qualitative changes. The aggregate volume of net loan investments in the economy increased over the year from 567.7 trillion to 636.0 trillion soums, demonstrating a moderate and balanced growth of 12%.

At the same time, the liability base of banks showed outperforming dynamics. The total volume of attracted deposits from the population and legal entities jumped by 33%, increasing from last year's 345.6 trillion to 460.6 trillion soums at the beginning of June of this year.

Thanks to the faster inflow of deposits, the strategically important ratio of the loan portfolio to the deposit base decreased significantly, falling from 164% to 138%. The regulator notes that this trend is of key importance for the financial sovereignty of the sector, as active lending operations of banks are now significantly more secure due to stable internal resources rather than external borrowings.

The positive trend toward strengthening liquidity affected all categories of financial institutions. In banks with predominant state participation, the ratio of issued loans to attracted deposits decreased from 219% to 176%, while in private and commercial banks without state participation, this indicator decreased from 106% to 97%.

Experts from the financial regulator concluded that the higher growth rates of savings compared to loan issuance volumes directly point to a qualitative healing of funding sources and a fundamental increase in the long-term stability of the resource base of the entire banking system of Uzbekistan.