In Uzbekistan, loans to micro, small and medium enterprises reached 90.3 trillion som, a 19% increase from 75.9 trillion som in the same period last year, according to the Central Bank for January-July 2026.
Loan Volume and Growth
The total loan volume rose from 75.9 trillion som to 90.3 trillion som, a 19% increase. Of this, 22.5 trillion som was provided through special entrepreneurship programs, a 27% rise from 17.6 trillion som. Program-based loans accounted for 24.9% of total financing, up from 23.3% in 2025.
Clients and Regulators
Tashkent led in absolute volume with 23.2 trillion som. Among banks, Business-Rivojlanish Bank nearly doubled its lending, and a group of smaller banks increased lending by 68%.
Regional Variations
Navoiy region saw the largest increase, with lending rising from 2.46 trillion som to 3.75 trillion som, over 50% growth. Bukhara, Namangan and Ferghana also grew by 34%, 32% and 31% respectively. Syrdarya and Jizzakh regions saw declines of 3% and 2%.
Bank-Specific Changes
Sanoatqurilishbank’s lending fell by more than half, while the National Bank’s lending decreased by nearly 19%. Agrobank recorded a smaller decline.
Conclusion
The Central Bank’s announcement shows that small-business lending grew 19% in the first half of 2026, with the growth accelerated by targeted entrepreneurship programs. Sanoatqurilishbank’s lending volume fell by half.
