Uzbekistan’s Mahalla Loyihasi project expands business lending
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The Central Bank of Uzbekistan disbursed 14.8 trillion soums in loans to businesses through the Mahalla Loyihasi project from January to August 2026.
This represents a 47% increase, equal to 4.7 trillion soums, compared to the same period in the previous year. Regulators initially set a lending goal of 10.1 trillion soums for the period, but banks surpassed this target by 46%. The project issued a total of 139,700 loans throughout Uzbekistan.
Lending activity grew in every region, with Navoiy, Samarkand, and Syrdarya regions experiencing the most substantial increases at 67%, 65%, and 50% respectively. Kashkadarya and Ferghana regions led in total loan volume, providing 1.51 trillion and 2.35 trillion soums in financing. Together with the top three regions, these five areas accounted for 7.55 trillion soums of the total lending.
