Uzbekistan’s banks planning to raise $6 billion without state guarantees in 2025

During a video conference led by President Shavkat Mirziyoyev, the progress of entrepreneurial support in 2023 and strategic plans for 2025 were reviewed, highlighting the active involvement of leading entrepreneurs.

The meeting underscored that Uzbekistan’s economy has seen a notable increase in liquidity, creating a robust foundation for stable investment project financing.

Key developments in Uzbekistan’s banking sector:

• Enterprise funds: The funds held by enterprises in banks grew by 20 trillion UZS in 2023, reaching a total of 107 trillion UZS.
• Population deposits: Deposits from the population rose by 25 trillion UZS, totaling 105 trillion UZS.
• Loan disbursement: The total amount of loans issued this year is expected to reach 275 trillion UZS, with projections exceeding 300 trillion UZS by 2025.
• Small business financing: The share of loans to small businesses will increase from 28% to 40%, amounting to 120 trillion UZS.

These trends demonstrate the steady development of Uzbekistan’s banking system, earning growing trust from both the public and the business community.

To meet the increasing demands of entrepreneurs, banks are planning to attract $6 billion from international sources in 2025 without relying on state guarantees, signaling a strengthened and self-sufficient financial system.