The volume of factoring services in Uzbekistan reached 2.3 trillion soums by the end of the first quarter of 2026, an increase of 75% compared to the same period last year. These data were provided by the Central Bank of Uzbekistan in its review of the factoring services market. The growth indicates that companies are increasingly using factoring to finance current operations and manage working capital.
Commercial banks continue to control the main part of the market, accounting for about 94% of all operations, or 2.1 trillion soums. The share of microfinance organizations amounted to 125 billion soums. At the same time, state and private banks were almost equal in terms of the volume of services provided: the former accounted for 49.9% of the market, the latter – 50.1%.
Hamkorbank became the leader among banks with a volume of factoring operations of 314 billion soums. Asakabank and Uzmilliybank follow. In terms of market structure, about 65% accounted for classic factoring, including operations with and without recourse, while reverse factoring accounted for the remaining 35%. Such indicators confirm the rapid development of alternative financial instruments in the country's economy.