More Than 678,000 Uzbek Borrowers Improve Credit Standing after Reforms
Uzbekistan’s credit reporting reforms have helped more than 678,000 borrowers improve their credit profiles, making it easier for individuals and businesses to access financing, according to government officials.
The reforms, aimed at modernising the country’s credit information system, enabled thousands of borrowers to move into lower-risk categories after inaccuracies were corrected and credit assessment procedures were updated. The initiative is part of broader efforts to improve financial transparency and expand lending opportunities.
Officials say the updated system provides banks and financial institutions with more reliable borrower data, helping to reduce lending risks while improving access to credit for households and entrepreneurs. The changes are also expected to support the growth of Uzbekistan’s banking sector and private business activity.
The reform is part of Uzbekistan’s wider financial modernization program, which includes strengthening credit markets, increasing financial inclusion and attracting greater investment into the economy. Analysts say improved credit reporting standards could further boost confidence among both domestic and international investors
