11 banks fined in Uzbekistan

In February 2026, fines were imposed on 11 banks in Uzbekistan following выявленных deficiencies, according to the Central Bank’s press service.

According to the report, the Central Bank’s Banking Supervision Committee reviewed 43 issues during seven meetings held in February 2026 and adopted corresponding decisions.

A total of 30 issues related to licensing and regulatory approvals were considered. These included registering amendments to the charters of credit institutions (3 cases), granting permission to acquire shares in the authorized capital of credit institutions (1 case), reviewing auditor qualification certificates to authorize audits in banks (6 cases), registering microfinance organizations (5 cases), reissuing licenses for payment organizations (1 case), and reviewing candidates for supervisory boards, management boards, and key positions in commercial banks (14 cases).

In addition, 13 issues related to the financial condition of credit institutions were reviewed.

Fines were imposed on 11 banks for failing to organize their activities in compliance with legal requirements, as well as for deficiencies identified during inspections and reviews.

Furthermore, 14 banks and 4 payment organizations were warned about potential measures and sanctions for failing to comply with prudential regulatory requirements and for shortcomings identified during inspections.

In addition, eight banks were instructed not to distribute profits in the form of dividends on ordinary shares, in order to mitigate potential risks to financial stability and ensure the formation of macroprudential buffers.

It is worth noting that on March 18, the Central Bank of Uzbekistan kept its key interest rate unchanged at 14 percent.