Tashkent, Uzbekistan (UzDaily.uz) — Highly liquid assets at Uzbekistan's commercial banks totalled 227.3 trillion soums as of 1 October 2026, an increase of 51.3% year on year, according to the Central Bank of Uzbekistan. On 1 October 2025, the figure stood at 150.2 trillion soums.
In absolute terms, highly liquid assets increased by 77.1 trillion soums, while the banking sector's total assets grew by 20.5% over the same period to 1,044.8 trillion soums.
The share of highly liquid assets in total bank assets rose from 18% to 22.4%. In calculating this indicator, the value of highly liquid securities sold under repo transactions is deducted from total assets.
Key liquidity ratios remained well above their regulatory minimums. The liquidity coverage ratio (LCR) reached 269.6%, compared with 199.7% a year earlier, against a minimum requirement of 100%. The net stable funding ratio (NSFR) increased from 115.8% to 132.1%, also exceeding the 100% minimum.
The immediate liquidity ratio, by contrast, declined from 117.4% to 97.2%. Nevertheless, it remained almost four times higher than the minimum requirement of 25%.
The increase in liquidity was also reflected in the structure of banks' balance sheets. Investments in securities and other financial instruments nearly doubled over the year, rising by 93.4% to 155.6 trillion soums. Their share of total assets increased from 9.3% to 14.9%.
Banks' funds held at the Central Bank rose by 33.7% to 36.2 trillion soums, while cash holdings increased by 11.7% to 30 trillion soums.
By contrast, funds held in accounts with non-resident banks fell by 18.8% to 44.9 trillion soums, while claims on resident banks declined by 3.2% to 29.2 trillion soums.
Bank liquidity increased amid faster growth in funding inflows. Deposits rose by 34.9% year on year to 501 trillion soums, while the loan portfolio expanded by 13.2% to 659.1 trillion soums. As a result, the banking system's loan-to-deposit ratio declined from 1.57 to 1.32.
At the same time, the role of borrowed funding decreased. The share of borrowings and lease liabilities in banks' total liabilities fell from 33.6% to 28.2%, while the share of deposits increased from 50.4% to 56.2%.
