The Joint-Stock Company "National Bank for Foreign Economic Activity of the Republic of Uzbekistan (JSC 'Uzbekistan National Bank')" is one of Uzbekistan's leading financial institutions with a long history of development. The Banking Supervision Committee of the Central Bank of the Republic of Uzbekistan has designated it as a systemically important bank for the country as of 2025.
By the end of 2024, JSC "Uzbekistan National Bank" reported a net profit of 1.7 trillion soums. The bank demonstrates high standards of financial stability, with a cost-to-income ratio (CIR) of 30%, indicating effective expense management.
Since last year, JSC "Uzbekistan National Bank" has earned a respectable position among the largest taxpayers in Uzbekistan, making it into the prestigious top-10 list. This fact emphasizes not only its financial stability but also its significant contribution to the country's economic development.
In 2024, the bank significantly strengthened its position by increasing the total amount of payments to the budget by 48% compared to the previous year, reaching 1.545 trillion soums. Of this amount, 1.531 trillion soums was allocated to the republican budget, and 14.4 billion soums to the local budget.
In recent years, the bank has shown dynamic growth through strategic investments in digitalization, improving customer service, and developing new financial products. This approach has allowed the bank to solidify its market position and achieve outstanding results. Notably, the corporate loan portfolio increased by 50%, and the retail customer portfolio grew more than threefold from 2020 to 2024. The deposit portfolios of legal entities and individuals surged by 90% and 286%, respectively.
Building on its successes, JSC "Uzbekistan National Bank" has adopted strategies employed by other leading representatives of the banking sector. As highlighted in the experience of the National Bank of Uzbekistan, transformations are a crucial element of sustainable growth. Within such programs, the bank focuses on enhancing the role of client relationship managers, modernizing IT infrastructure, and restructuring financial management. Special attention is given to working with small and medium-sized enterprises, which account for more than half of the country’s GDP.
The bank's management notes that such successes would not have been possible without the trust of clients and partners, as well as the professionalism of the team. JSC "Uzbekistan National Bank" continues to enhance service quality and develop innovative solutions that meet the modern demands of businesses and the population, creating a solid foundation for further sustainable growth.
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