Tashkent, Uzbekistan (UzDaily.uz) — The total loan portfolio of commercial banks in Uzbekistan reached 659.1 trillion soums as of 1 October 2026, marking a 13.2% increase year on year, according to the Central Bank of Uzbekistan.
At the beginning of the year, the portfolio stood at 604 trillion soums, meaning it grew by 9.1% over the first nine months.
Retail lending remained the main driver of growth. Loans to individuals increased by 19% year on year to 248.4 trillion soums, while lending to legal entities rose by 9.9% to 410.7 trillion soums. The share of individuals in banks’ total loan portfolios increased from 35.8% to 37.7%.
Since the beginning of the year, the retail loan portfolio has expanded by 12.7%. Mortgages remained its largest segment, growing by 14.9% to 91.2 trillion soums.
Microloans totalled 51.9 trillion soums, up 6.3%, while microcredits to individuals increased by 22.4% to 49.5 trillion soums. Car loans rose by 4.3% to 41.4 trillion soums, and education loans grew by 4.6% to 7.3 trillion soums.
The fastest growth was recorded in loans linked to bank cards and overdrafts, which increased by 47.9% since the beginning of the year to 6.5 trillion soums. Consumer loans remained almost unchanged at 0.5 trillion soums.
The corporate loan portfolio grew by 7% from the beginning of the year. Loans to companies that are not credit institutions increased by 6.3% to 382.5 trillion soums.
Microcredits to legal entities rose by 23.7% to 18.2 trillion soums, while leasing and factoring increased by 48.2% to 5.7 trillion soums. Interbank loans grew by 62.4% to 1.1 trillion soums. Syndicated loans, however, declined by 30.9% to 3.3 trillion soums.
Lending in the national currency grew faster than foreign currency lending. Soum-denominated loans increased by 15.1% year on year to 406.8 trillion soums, while loans in foreign currencies rose by 10.3% to 252.3 trillion soums. The share of foreign currency loans decreased from 39.3% to 38.3%.
Long-term loans accounted for the bulk of the portfolio, totalling 583.5 trillion soums, or 88.5% of the total. Short-term loans amounted to 75.6 trillion soums.
Loans issued by banks with state ownership increased by 7.8% to 425.8 trillion soums, representing 64.6% of the market. The portfolios of other banks grew by 24.5% to 233.3 trillion soums.
