General information on banking sector of Uzbekistan

General information on banking sector of Uzbekistan

• Today 26 banks functioning in the banking sector of Uzbekistan:
• 3 State commercial banks, 11 Commercial banks,
• 8 private banks 4 banks with foreign capital.
• According to 2015, their total Assets increased by 25,1% and amounted to 23,2 billion USD.
• Total capital of commercial banks amounted to almost 23,3%;
• Investment credits increased 1,2 times and amounted to 3,6 billion USD;
• Credits rendered to real sector of economy increased by 27,3% and amounted to 15,1 billion USD.
• Credits extended to small business and private entrepreneurship increased 1,3 times and amounted to 4,3 billion USD., of which microcredits amounted to 800 million USD that 1,3 times higher as compared to 2014;
• Credits extended to graduates of vocational colleges increased 1,4 times and amounted to 98,8 million USD;
• Balances of deposits increased by 28% and amounted to 12,6 billion USD.

• Joint-Stock Commercial bank “Microcreditbank” was established in accordance with the Decree of the President of the Republic of Uzbekistan dated May 5, 2006 N 3750 “On establishement of Joint-Stock Commercial bank “Microcreditbank” with the view of creating new jobs through development of small business, private entrepreneurship and farming; promotion of self-employment, family business and workmanship, and ensuring the access of wide groups of population to microfinance resources especially in rural areas.

• Aim of creation of Microcreditbank

• Furthermore, the followings were adopted:

• Bank’s network of 85 branches, 140 minibanks and 24 agencies all over the country have being providing wide range of banking services to 220 000 clients.
• Bank provides all kinds of banking services to its clients. Microcreditbank is leading bank in microfinance and plays sufficient role in development of the sector of microfinance. Bank provides both privileged credits and corporate loans as well.

• Bank network, branches

• []

• []