The President of Uzbekistan has approved the updated "Uzbekistan-2030" Strategy, according to which the privatization of state-owned banks will not be carried out in 2026. The number of banks with state participation will remain at the same level — currently the state owns 9 credit institutions, including NBU, Agrobank, Uzpromstroybank and Asakabank.
Large-scale changes are planned later. In 2027, the number of state banks should be reduced to 7, in 2028 - to 6, in 2029 - to 5, and by 2030 there will be 4 banks left. Their list has not yet been disclosed. This approach differs from previous versions of the strategy, which assumed faster privatization, including the sale of at least one bank annually.
At the same time, preparatory steps are continuing. The EBRD plans to acquire 15% of Asakabank's shares in 2026. The final stage of privatization of Uzpromstroybank is expected in 2025–2026, and Asakabank, Alokabank and Turonbank - in 2026–2027. At the same time, NBU, Agrobank, Microcreditbank, Narodny Bank and the Business Development Bank are not planned to be privatized in 2026–2028.
Now on home
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