According to the 2026 State Program, approved by the president Mirziyoyev, no state-owned bank will be privatized in 2026.
There are now 9 state-owned banks. In 2027, their number is planned to be reduced to 7, in 2028 to 6, in 2029 to 5, and in 2030 to 4.
It should be noted that most of the plans to sell the state-owned banks from several years ago have not been implemented. In particular, in 2022, Deputy PM Jamshid Kuchkarov said that “in 5 years there will be only one state-owned bank in Uzbekistan.”
The state-owned banks are: National Bank, Agrobank, Uzsanoatqurilishbank, Asakabank, Xalq Bank, Business Development Bank, Microcreditbank, Aloqabank, and Turonbank.
