Sunday22 December 2024
centralasiabusiness.com

Uzbekistan's banks aim to raise $6 billion without government guarantees.

Uzbekistani banks aim to attract $6 billion next year without government guarantees.
Узбекистанские банки планируют привлечь 6 миллиардов долларов без государственной гарантии.

This year, funds held by enterprises in banks have increased by 20 trillion sums, reaching a total of 107 trillion sums. The deposits from the population have also risen by 25 trillion sums, totaling 105 trillion sums. These figures indicate a stable development of the banking system and an increase in trust from both the public and entrepreneurs.

The total volume of loans issued this year amounts to 275 trillion sums, and by 2025, this figure is expected to exceed 300 trillion sums. Special attention is being given to lending for small businesses: there are plans to increase their share from the current 28% to 40%, which would amount to 120 trillion sums.

Based on the needs of entrepreneurs, Uzbek banks plan to attract 6 billion dollars from abroad without government guarantees by 2025.

These measures are aimed at further strengthening the financial system and supporting the economic development of the country.