TASHKENT, Uzbekistan, October 6. The total volume of commercial banks’ assets in Uzbekistan reached 731.6 trillion soums ($57.1 billion) from January through August 2024.
According to the data obtained by Trend from the Central Bank of Uzbekistan, this figure has increased by 19.6 percent year-on-year (611.4 trillion soums, or $47.7 in January-August 2023).
The assets of state-owned banks amounted to 488.7 trillion soums ($38.2 billion), while the assets of other banks amounted to 242.8 trillion soums ($18.9 billion) during this period.
Among Uzbekistan’s state-owned banks, the National Bank of Uzbekistan accounted for the largest volume of assets, totaling 135.7 trillion soums ($10.6 billion). The smallest amount of assets was registered at the country’s Poytaxt bank with 314 billion soums ($24.5 million) during this period.
Earlier, Uzbek Investment Minister Laziz Kudratov said that the country aims to achieve upper-middle-income status by 2030.
"As part of the government’s 2030 strategy, Uzbekistan aims to achieve upper-middle-income status by 2030, with 85 percent of the economy driven by the private sector and 40 percent of energy sourced from renewables. We are laying the foundation for a sustainable and prosperous future," he stated.