Why is this important
The growth in financial services reflects the expansion of the banking and financial sector amid increasing economic activity. The rising concentration in Tashkent highlights the persistent imbalance between the regions and the capital. At the same time, the growth of indicators in the regions points to a gradual expansion of access to financial products beyond the capital.
What happened
- In Uzbekistan, growth in the volume of financial services was recorded for January–February 2026.
- The total volume reached 29.8 trillion soums, increasing by 20.8% compared to the same period last year.
- The main share of services remains concentrated in Tashkent, while growth is also observed in the regions.
Numbers and facts
- The volume of financial services amounted to 29.8 trillion soums, which is 20.8% higher than in the same period last year.
- Tashkent ranked first in the volume of financial services with 17.8 trillion soums, followed by Fergana region with 1.5 trillion soums and Andijan region with 1.3 trillion soums.
- The lowest indicators were recorded in Syrdarya region — 430.3 billion soums, Navoi region — 696.7 billion soums, and Jizzakh region — 705 billion soums.
In terms of regions, the indicators were distributed as follows:
- Tashkent region — 1.2 trillion soums;
- Samarkand region — 1.2 trillion soums;
- Kashkadarya region — 966.4 billion soums;
- Bukhara region — 876.5 billion soums;
- Khorezm region — 849.3 billion soums;
- Surkhandarya region — 822.1 billion soums;
- Namangan region — 744 billion soums;
- Karakalpakstan — 714.7 billion soums.
Context
- For banks and fintech companies, the main market remains in Tashkent, where the key demand and turnover are concentrated.
- The regions still hold growth potential through expanded access to services and digital solutions.
- For the state, this serves as a signal of the need to balance the development of financial infrastructure across regions.
