Uzbekistan’s banking sector continues to show resilience, according to the latest Bank Activity Index from the Center for Economic Research and Reforms (CERR) for Q3 2025. The report highlights sustained growth among major players and notable movement within the mid-tier segment.
CERR assessed 35 commercial banks, 20 large and 15 small, based on 27 indicators aligned with international standards. The ranking aims to enhance transparency, encourage competition, and strengthen public trust in the sector.
Sector Performance
Total assets reached 863 trln sums ($71.2 bn), while liabilities stood at 734 trln sums ($60.6 bn). Lending growth eased to 14%, deposit growth stayed strong at 28%, and net profit rose by 25% to 9 trln sums. Non-performing loans fell to 3.8%, showing better portfolio quality, while capital adequacy exceeded requirements by 1.3 times.
Ranking Results
Among large banks, Kapitalbank, Trastbank, Hamkorbank, and Orient Finans Bank maintained the top four positions. Ipak Yuli Bank entered the top five, while the National Bank rose by two places. Xalq Bank and Tenge Bank saw the sharpest declines.
Small banks remained stable, led by Universal Bank and TBC Bank. Saderat Bank Iran and AVO Bank improved their standings, while Madad Invest Bank slipped two positions.
Overall, Uzbekistan’s banking system remains robust, with leading institutions reinforcing their dominance and mid-tier players driving fresh competition.
Kursiv also reports that in Q2 of Bank Activity Index among the country’s 20 largest banks, Kapitalbank maintained its lead, while Trastbank rose three places to take second.
