In 2024, the volume of factoring services in Uzbekistan reached 1.9 trillion soums.

As a result of the work done, the volume of factoring services in 2024 reached 1.9 trillion sums, of which 1.6 trillion sums (85%) were provided by commercial banks, while 0.3 trillion sums (15%) were offered by microfinance organizations. Furthermore, 58% of all factoring services provided, or 1.1 trillion sums, were executed through electronic factoring platforms.

By bank, the highest volume of factoring services in 2024 was recorded at Asaka Bank — 561 billion sums (of which 151 billion sums were through the electronic platform), followed by the National Bank of Uzbekistan — 304 billion sums (270 billion sums), Uzpromstroybank — 162 billion sums (122 billion sums), as well as private banks totaling 348 billion sums (342 billion sums), including Kapitalbank — 96 billion sums (96 billion sums) and Anor Bank — 50 billion sums (50 billion sums). Additionally, microfinance organizations financed accounts receivable amounting to 277 billion sums during this period.

In terms of geographical distribution, the majority of factoring services in 2024 were concentrated in Tashkent — 1.4 trillion sums (76%), Navoi region — 160 billion sums (8.6%), Fergana region — 120 billion sums (6.5%), and Khorezm region — 31 billion sums (1.7%).

The volume of factoring services provided by credit organizations significantly increased in the second half of 2024, particularly in November and December. In December, a peak figure of 630 billion sums was achieved.

By client organizational forms, the largest volume of factoring services was attributed to limited liability companies — 1.3 trillion sums (68%), while enterprises with foreign capital received 360 billion sums (19%) (see Fig. 10). This factoring product played a crucial role in enhancing the liquidity of enterprises and ensuring uninterrupted operational financial activities.

In terms of the distribution of factoring services by duration, 30% of transactions were for periods ranging from 121 to 180 days, 23% for 61 to 90 days, 21% for up to 30 days, 16% for 31 to 60 days, and 10% for 91 to 120 days.

Factoring services were provided across various sectors of the economy, with the majority directed towards trade and services — 833 billion sums (48%), as well as industry — 800 billion sums (42%). Gradually, factoring is also covering other sectors. Specifically, accounts receivable financing amounted to 109 billion sums (6%) in the construction sector and 69 billion sums (4%) in agriculture.