Loans Grow, Profits Not for Everyone: Uzbekistan’s Banks at the End of the First Half of 2025
Kursiv Uzbekistan has analysed the performance of the republic’s financial institutions.
Banks & Finance
USD Strengthens Against UZS After Period of Stagnation
Several banks offer the best rates to exchange USD, EUR, GBP, CHF, JPY, or KZT into soums
USD Falls, EUR Rises on August 14
USD went down slightly
Foreign Currencies Rate Against UZS Continues to Drop on August 13
EUR falls by 136 UZS
Uzbekistan Cuts Shadow Economy to 35%
Digital and innovative solutions were identified as the most effective tools
Foreign Currency Exchange Rates Against UZS Drop on August 12
GBP and CHF rates decreased significantly
US Passes First Major National Crypto Law
The Genius Act introduces federal oversight for stablecoins, requiring full backing by low-risk assets, as President Trump prepares to sign it into law
Uzbekistan Cuts State Bank Share of Financial Sector Assets to 67%
The fund identified several strengths in Uzbekistan’s banking system
Best Currency Exchange Rates on August 11
Several banks offer the best rates to exchange USD, EUR, GBP, CHF, JPY, or KZT into soums
Foreign Currencies Rate Against UZS Continues to Rise on August 9
GBP rises by 200 UZS second day in a row
TBC Uzbekistan’s Profit Rises 30% in First Half of 2025
Foreign Currencies Rate Against UZS Soars on August 8
EUR and GBP rose by more that 200 UZS
Best Currency Exchange Rates in Tashkent on August 7
Dollar strengthens
Uzbekistan Leads Global Gold Purchases in June
How much gold did the regulator purchase?
Foreign Currencies Weaken Against UZS
EUR and CHF went down over 140 soum
Russian Court Dismisses Telemarket Case Against Uzbekistan’s Payme
Telemarket had claimed exclusive rights to the Рауmе brand
Central Bank of Uzbekistan Accepts Corporate Bonds in Repo Deals
Mortgage bonds are accepted at 90% of their market value
Currencies Show Mixed Exchange Rates on August 5
USD rate shows a noticeable decrease
TBC Bank Acquires Stake in Billz
TBC Bank Group PLC has been authorised to acquire a 46.67% share in Shoppe Group
ADB Issues First Uzbek Soum-Denominated Bonds Worth $24.7 Mln
The $24.7 mln issuance carries a 14.5% coupon and was arranged by Merrill Lynch; proceeds will go toward supporting female entrepreneurs outside Tashkent
Best Currency Exchange Rates on August 4
This article contains information about the most favourable rates
Bitcoin Faces Potential Crash to £47K, Analyst Warns
Market analyst Tony Severino warns Bitcoin could lose half its value if it fails to sustain momentum, with £47,000 as a key downside target
Currency Exchange Rates on August 2 Continue to Fluctuate
USD increased, EUR decreased
August Begins with Mixed Currency Movements
USD increased, EUR decreased