Tashkent, Uzbekistan (UzDaily.com) — The volume of factoring services in Uzbekistan reached 1.9 trillion soums in 2024, according to the Central Bank of Uzbekistan.

Since September 2024, electronic digital factoring platforms have been operating in Uzbekistan, allowing businesses to access factoring services without visiting banks. Currently, four electronic factoring platforms — Ozplanet, Finmakon, Factoring.uz, and B2—are in operation, connecting 26 commercial banks.

As a result, the total volume of factoring services in 2024 amounted to 1.9 trillion soums, with commercial banks providing 1.6 trillion soums (85%) and microfinance organizations accounting for 0.3 trillion soums (15%). Notably, 58% of all factoring services—1.1 trillion soums—were executed through electronic factoring platforms.

Among banks, Asaka Bank recorded the highest volume of factoring services at 561 billion soums (151 billion soums via an electronic platform), followed by the National Bank of Uzbekistan with 304 billion soums (270 billion soums), Uzpromstroybank with 162 billion soums (122 billion soums), and private banks with a combined total of 348 billion soums (342 billion soums), including Kapitalbank (96 billion soums) and Anor Bank (50 billion soums). Additionally, microfinance organizations financed accounts receivable worth 277 billion soums.

Geographically, the largest share of factoring services in 2024 was concentrated in Tashkent—1.4 trillion soums (76%), followed by Navoi region (160 billion soums, 8.6%), Fergana region (120 billion soums, 6.5%), and Khorezm region (31 billion soums, 1.7%).

The volume of factoring services provided by credit institutions grew significantly in the second half of 2024, particularly in November and December. The highest monthly figure was recorded in December at 630 billion soums.

By client type, limited liability companies (LLCs) accounted for the largest share of factoring services—1.3 trillion soums (68%), while enterprises with foreign capital received 360 billion soums (19%). This financial product played a crucial role in improving business liquidity and ensuring smooth operational cash flow.

In terms of maturity periods, 30% of transactions had a duration of 121–180 days, 23% ranged from 61 to 90 days, 21% were up to 30 days, 16% spanned 31–60 days, and 10% had a term of 91–120 days.

Factoring services covered various economic sectors, with the largest portion directed toward trade and services—833 billion soums (48%)—followed by industry with 800 billion soums (42%). Factoring is gradually expanding into other sectors, including construction (109 billion soums, 6%) and agriculture (69 billion soums, 4%).