Mortgage Lending and Business Financing Instruments Expand

#CentralBankInFigures

As of 1 September 2026, total outstanding loans issued by commercial banks reached UZS 648.9 trillion, up from UZS 604 trillion at the beginning of the year. As a result, the total loan portfolio grew by 7.4%, or nearly UZS 45 trillion, during the first eight months of 2026.

📊 Outstanding microloans to individuals increased by 19.1%, from UZS 40.5 trillion at the beginning of the year to UZS 48.2 trillion. Microloans to legal entities rose by 25.4%, from UZS 14.7 trillion to UZS 18.4 trillion. Combined, the outstanding balance of microloans to individuals and legal entities reached UZS 66.6 trillion.

📊 Housing finance also continued to expand. Outstanding mortgage loans grew by 12.9%, from UZS 79.4 trillion at the beginning of the year to UZS 89.7 trillion. Mortgages remain the largest lending category among loans to individuals.

📊 Within the corporate loan portfolio, outstanding leasing and factoring operations increased by 32.1%, reaching UZS 5.1 trillion. This growth reflects the expanding role of these financing instruments in the overall loan portfolio.

Overall, loan portfolio growth since the beginning of the year has also been driven by microloans, mortgages, and financing instruments such as leasing and factoring. In particular, the faster growth of outstanding microloans relative to the overall loan portfolio indicates an increasing share of this lending segment in total outstanding loans.