Thursday, 08 October 2026 01:50 AM
Company Update
For the bank, the international forum in Miami has turned into a venue for building dialogue with foreign financial institutions, payment companies and technology partners
TASHKENT, UZ / ACCESS Newswire / October 8, 2026 / Miami is hosting Sibos 2026, one of the financial industry's flagship international events, which gathers banks, payment providers, fintech companies and representatives of financial infrastructure from across the globe. This is the third year in a row that Octobank has joined the forum, showcasing not only its own solutions and international capabilities, but also the wider story of the transformation under way in Uzbekistan's financial market.
This year the bank has its own 48 sq. m stand at Sibos, bringing together an exhibition space and a meeting area. The emphasis is on direct engagement with international financial institutions and on exploring cooperation opportunities in correspondent banking, cross-border payments, clearing, foreign exchange operations, liquidity management and trade finance.
At the heart of Octobank's international communication lies the concept:
"Uzbekistan - the New Silk Road of Digital Finance"
In the past, the Silk Road linked countries and markets through trade. Today, that role is increasingly taken on by financial infrastructure, payment networks, technology and direct relationships between banks and other financial institutions.
For Octobank, Sibos offers a chance to turn this idea from positioning into a practical business dialogue.
"Participation in SIBOS allows us to discuss cooperation directly with international partners. We see reciprocal interest in working with Octobank and are ready to respond to it with concrete proposals - digital solutions, expertise and experience in working with business. We expect that the dialogue started here will soon continue in joint projects," noted Hamid Jumaev, First Deputy Chairman of the Management Board of Octobank.
Uzbekistan Gains Visibility on the Global Financial Map
Octobank's presence at Sibos coincides with major shifts in Uzbekistan's economy and financial sector. Expanding international trade, a growing digital economy and increasing cross-border business activity are setting new requirements for banking infrastructure. Uzbek companies need wider access to international settlements, foreign exchange operations and payment tools, while foreign financial institutions are looking for reliable partners able to support their work in the local market. Octobank has been consistently building up this area. As of September 2026, the bank's assets stand at around USD 1.66 billion, its client base exceeds 4.9 million people, and its international infrastructure comprises relationships with 19 correspondent banks and cooperation with more than 30 financial institutions.
Among its priorities for further growth, the bank highlights the expansion of international settlement capabilities, including transactions in US dollars, euros and Chinese yuan.
In other words, Octobank's participation in Sibos goes beyond brand promotion. It is about building the practical infrastructure that Uzbekistan needs to integrate further into the international financial system.
From a Presence at the Exhibition to Real Business Partnerships
Octobank's stand is conceived to bring together business and image-building functions. A dedicated meeting zone hosts talks with representatives of international banks, payment organizations and technology companies. This is where concrete areas of potential cooperation are discussed, ranging from correspondent relationships and clearing to cross-border payments and foreign exchange operations. Meanwhile, the open section of the stand introduces Sibos participants not only to Octobank, but also to today's Uzbekistan. National motifs run through the design, and visitors are treated to traditional Uzbek sweets and offered souvenirs. As a result, getting to know the bank also means getting to know the country and its culture. This is in line with the broader logic of Octobank's international positioning: first present the opportunities of modern Uzbekistan to the global financial community, then demonstrate the bank's role in the country's financial system, and only after that move on to a substantive business discussion.
Central Asia's New Financial Routes
For a long time, the international financial community saw Central Asia mainly as a region of remittances and commodity trade. Yet the structure of the economy is gradually shifting. The rise of e-commerce, growing foreign trade, the arrival of new technology companies and the expanding international activity of local businesses are generating demand for more advanced financial infrastructure. The conversation now goes beyond remittances to include direct interbank relationships, international clearing, foreign exchange operations, digital payments and services for companies working in several markets simultaneously. This gives Uzbekistan an opportunity to steadily claim a more prominent position in the financial flows connecting Central Asia, Asia, the Middle East and Europe. Octobank regards the development of international banking relationships as one of the instruments of this process. This is why the bank's key objective at Sibos is not merely to be present alongside the largest players in the global financial industry, but to forge new working ties within this system.
Sibos as a Starting Point for Future Cooperation
Sibos 2026 gathers more than 10,000 participants from over 160 countries in Miami. This year, the agenda centers on the development of digital finance, artificial intelligence, cross-border payments and the future of global financial infrastructure. For Octobank, success should be judged not by the number of stand visitors or brand mentions, but by whether the dialogue continues once the forum is over.
The bank intends to translate the negotiations launched in Miami into ongoing work with international financial institutions, payment companies and technology partners. Sibos thus becomes part of the bank's longer-term strategy for international development. Octobank aims not only to tell foreign audiences about Uzbekistan's transformation, but also to build practical international connections that confirm this transformation. This is the central idea behind the bank's presence in Miami: the historical Silk Road linked countries through trade, while the modern Silk Road is increasingly being built through payments, technology and financial infrastructure.
About Octobank
Octobank is a private commercial bank based in Tashkent, Republic of Uzbekistan.
Founded in 2001, the bank was rebranded as Octobank in 2023. Today, it is developing digital banking, payment infrastructure, corporate services and international financial operations.
As of September 2026, Octobank's assets total approximately USD 1.66 billion; the bank serves over 4.9 million clients, has relationships with 19 correspondent banks and works with more than 30 financial institutions.
At Sibos Miami 2026, Octobank is concentrating on developing international cooperation in correspondent banking, cross-border payments, clearing, foreign exchange operations, liquidity management, trade finance and other areas of interaction between financial institutions.
Contact information
Company name: Octobank
Email address: [email protected]
Address: Tashkent, Uzbekistan
Website: https://octobank.uz/
SOURCE: Octobank