Ipak Yuli Bank, Kapitalbank, Hamkorbank, and Octobank Drive Uzbekistan's Banking Transformation Amid Privatization Reforms
Tashkent, Uzbekistan banking sector is experiencing a period of major structural change, marking a steady shift from state dominance toward a more competitive, private-sector-driven model. According to an analysis published by Podrobno Uzbekistan News, state-owned banks accounted for 84% of total financial system assets in 2019, but by mid-2025 this share had declined to 67%. The transition underscores the government's long-term strategy to...
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