TASHKENT, Uzbekistan, September 3. The total volume of commercial banks’ capital in Uzbekistan amounted to 105.1 trillion soums ($8.3 billion) from January through July 2024, Trend reports.
As per data from the Central Bank of Uzbekistan, the capital of state-owned banks reached 65.5 trillion soums ($5.17 billion), and the capital of other banks totaled 39.6 trillion soums ($3.1 billion) during this period.
The National Bank of Uzbekistan accounted for the largest volume of capital, totaling 18.4 trillion soums ($1.4 billion) among Uzbekistan’s state-owned banks. The country’s Agrobank ranked second with 11.9 trillion soums ($940.9 million), followed by Uzpromstroybank with 9.5 trillion soums ($751.2 million).
Out of all the banks in Uzbekistan, Ipoteka Bank came out on top with a capital volume of 7.7 trillion soums ($608.8 million), while Kapital Bank made it to 5 trillion soums ($395.3 billion). Uzbekistan's Hamkor bank hit the jackpot, coming in third place with a whopping 4.5 trillion soums ($355.8 million) from January through July 2024.
In the meantime, the Asian Development Bank (ADB) has given the green light to two policy-based loans worth a whopping $400 million to Uzbekistan.
The loans give Uzbekistan a helping hand in boosting its financial markets and building a strong, market-driven power sector.