Deposits in Uzbek Banks Exceed 500 Trillion Soms
Over the year, the portfolio of attracted funds increased by 35%
As of October 1, 2026, the volume of deposits in commercial banks of Uzbekistan reached 501 trillion soms, increasing by 34.9% compared to the same period last year (371.5 trillion soms).
According to data from the Central Bank, the inflow of funds from the population and businesses outpaced the growth of the loan portfolio, which increased by only 13.2% over the same period. As a result, the loan-to-deposit ratio in the system improved from 1.57 to 1.32 (in state banks—from 2.03 to 1.69, in the private sector—from 1.06 to 0.93).
The driver of growth was savings in the national currency: deposits in soms surged by 41.8% (to 407.9 trillion soms), while foreign currency deposits increased by only 11.2% (to 93.1 trillion soms in equivalent). This led to a decrease in the share of foreign currency savings from 22.5% to 18.6%.
By client and term distribution, the breakdown is as follows. Legal entities hold 309.4 trillion soms, while individuals account for 191.6 trillion soms (38.2% of the total portfolio).
Short-term deposits (up to 1 year) showed the highest growth (+49.3%), occupying 37.4% of the market (187.2 trillion soms). Long-term deposits grew by 24.3% (to 168.3 trillion soms), but their share slightly decreased—to 33.6%.
Demand deposits increased by 31.6%, amounting to 145.5 trillion soms (29%).
Private financial institutions attracted liquidity faster than state-owned ones (+40.8% versus +29.5%), effectively matching them in portfolio volumes (249.6 trillion versus 251.5 trillion soms).
The ranking of the largest players by volume of attracted funds is led by National Bank of Uzbekistan (58.8 trillion soms). In second place is Kapitalbank (51.5 trillion soms), which simultaneously holds the status of the absolute leader in household savings (30 trillion soms). The top six also includes Agrobank (44.6 trillion), Uzpromstroybank (37.7 trillion), Xalq Bank (31.5 trillion), and Ipoteka-Bank (29.3 trillion soms).
The inflow of client funds transformed the banks' resource base: the share of deposits in liabilities grew to 56.2% (up from 50.4% a year ago), while dependence on external loans and leasing decreased to 28.2%.
