Fitch says Tashkent’s new, more selective strategy centers on SQB as a pilot case, with broader bank privatisations unlikely before 2026
The Uzbek bank operating environment has strengthened significantly over the past two to three years
Over the last four years, Kapitalbank has shown good profits
Kazakhstani banks have the potential to become leaders in the industry
It also highlighted a decline in the company’s financial transparency
The report is on the Agency's website
Fitch Ratings expert shares his ideas about the strengths and weaknesses of the Uzbek economy