Why is this important
The transition of the Central Bank’s top manager to a commercial bank strengthens Microcreditbank’s expertise in IT and payment systems. Melibaev is a digital specialist, his appointment could accelerate the bank’s technological modernization. Microcreditbank focuses on SMEs and needs modern IT solutions to compete with fintechs.
What happened
- Sodir Melibaev has been appointed Deputy Chairman of the Board of Microcreditbank;
- Previously: Deputy Head of the Central Bank since July 2023;
- Presented to the bank team today;
- The Central Bank oversaw accounting, security, payment systems, IT, and HUMO supervision.
Career of Sodir Melibaev
- Education: Graduated from Tashkent State University of Economics in 1992.
- 1993-2005: Central Bank, Information Technology Department, various positions.
- 2005-2020: Private sector, IT companies: Verysell, NVision Group, Softline International, Nihol.
- 2020-2023: Return to the Central Bank — Deputy Head of the IT Department, then Head of the Department.
July 2023—October 2025. Deputy Head of the Central Bank, supervised:
- Accounting and reporting;
- Information security and protection;
- Payment systems;
- Information technology;
- Supervision of the smooth operation of the HUMO national payment system.
Context
Melibaev’s transfer from the Central Bank to Microcreditbank is a rare case when a top regulator manager transfers to a commercial bank. Usually, the career path goes in the opposite direction: from the bank to the regulator.
Expertise Melibayev: Information Technology and Payment Systems Specialist. The Central Bank oversaw the digitalization of the banking sector, the introduction of new technologies, and cybersecurity. Experience working in private IT companies provides insights into business processes and innovations.
Why Mikrokreditbank needs an IT specialist: The bank competes with fintechs (Paynet, Uzum Bank, TBC Bank) that offer fast online loans through applications. Microcreditbank needs to modernize its IT infrastructure, launch digital products, and improve its customer experience. Melibaev’s appointment is a signal to focus on technology.
HUMO Supervision: In the Central Bank, Melibaev was responsible for the uninterrupted operation of HUMO — the national payment system. This experience will help Microcreditbank integrate with payment systems, launch new services (online transfers, mobile banking).
Accounting and reporting: The experience of overseeing accounting in the Central Bank will help establish transparent financial reporting for Microcreditbank, which is crucial for the trust of clients and regulators.
Cybersecurity: The rise of online banking creates fraud risks. Melibayev, who oversaw security and information protection at the Central Bank, will strengthen the bank’s cybersecurity.
