BAKU, Azerbaijan, November 5. Microfinance
organizations in Uzbekistan held total assets of 21.75 trillion
soums (about $1.8 billion) as of October 1, 2026, with institutions
whose assets exceeded 10 billion soums (around $832,160) accounting
for nearly 99% of the sector’s total.
According to the Central Bank of Uzbekistan, a total of 142
microfinance organizations were operating in the country, including
86 with assets exceeding 10 billion soums (around $832,160). These
larger institutions held 21.54 trillion soums (approx. $1.79
billion) in assets, while their net loan portfolios totaled 19.35
trillion soums (about $1.6 billion).
According to Trend’s calculations, organizations in this category
represented approximately 60.6% of all microfinance institutions
but controlled 99% of the sector’s assets. The remaining 56
organizations held a combined 210 billion soums (about $17.4
million) in assets, or less than 1% of the total.
Capital was similarly concentrated among larger institutions.
Their combined capital amounted to 4.33 trillion soums (around
$360.3 million), compared with total sector capital of 4.49
trillion soums (approx. $373.6 million). This means they accounted
for approximately 96.4% of the sector’s capital. Their authorized
capital stood at 2.03 trillion soums (about $168.9 million).
Liabilities showed an even higher concentration. The 86
organizations accounted for 17.2 trillion soums (around $1.43
billion) of the sector’s total liabilities of 17.27 trillion soums
(approx. $1.43 billion), representing approximately 99.6%.
Loans, borrowings and lease financing obtained by these
organizations totaled 13.67 trillion soums (about $1.14 billion).
This was equivalent to approximately 79.5% of their combined
liabilities.
The figures indicate that Uzbekistan’s microfinance sector is
highly concentrated, with the overwhelming majority of assets,
capital and liabilities held by organizations with assets exceeding
10 billion soums (around $832,160).
