BAKU, Azerbaijan, October 23. Uzbekistan’s
microfinance sector more than doubled its total assets year over
year, reaching 20.8 trillion soums (about $1.7 billion) as of
September 1, 2026, compared with 9.7 trillion soums (around $807.5
million) a year earlier, according to a statement by the Central
Bank of Uzbekistan.
Loans and microleasing remained the largest component of the
sector’s assets, with their net balance increasing by 106% year
over year to 18.1 trillion soums (approximately $1.5 billion) from
8.8 trillion soums (about $732.6 million). However, their share of
total assets declined to 87.1% from 90.6%, a decrease of 3.5
percentage points.
Funds held with banks also increased significantly, rising more
than fourfold to 1.31 trillion soums (around $109.1 million) from
304.1 billion soums (approximately $25.3 million) a year earlier.
This represents an increase of approximately 331%, or about 1.01
trillion soums (around $83.8 million).
The sector’s capital base continued to expand, with total
capital rising 56.6% year over year to 4.4 trillion soums (around
$366.3 million) from 2.8 trillion soums (around $233.1 million).
Retained earnings increased by 80.5%, while current-year profit
rose by 133.4%.
Meanwhile, total liabilities increased by 138.1% year over year
to 16.3 trillion soums (about $1.36 billion) from 6.9 trillion
soums (about $574.4 million). Loans, borrowings and lease
obligations accounted for 80.1% of total liabilities, amounting to
13.1 trillion soums (around $1.09 billion).
According to Trend’s calculations, the increase in total assets
amounted to 11.1 trillion soums (approximately $924.1 million),
while total liabilities grew by 9.4 trillion soums (about $782.6
million).
