TASHKENT, Uzbekistan, November 27. The total volume of commercial banks’ capital in Uzbekistan amounted to 110.8 trillion soums ($8.6 billion) from January through October 2024.
The data obtained by Trend from the Central Bank of Uzbekistan shows that the capital of state-owned banks reached 69.1 trillion soums ($5.3 billion), and the capital of other banks totaled 41.6 trillion soums ($3.2 billion) during this period.
The National Bank of Uzbekistan accounted for the largest volume of capital, totaling 18.8 trillion soums ($1.4 billion) among Uzbekistan’s state-owned banks. The country’s Agrobank ranked second with 12.3 trillion soums ($957.4 million), followed by Uzpromstroybank with 9.5 trillion soums ($739.4 million).
Out of all the banks in Uzbekistan, Ipoteka Bank came out on top with a capital volume of 7.5 trillion soums ($583.8 million), while Kapital Bank made it to 5.1 trillion soums ($396.9 million). Uzbekistan's Hamkor bank hit the jackpot, coming in third place with a whopping 4.9 trillion soums ($381.4 million) from January through October 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.