As of year-end 2025, total factoring services in the Republic of Uzbekistan reached 9.5 trillion soums, reflecting continued expansion and structural development of the market.
Commercial banks accounted for 93% of total volume, while microfinance institutions represented 7%.
State-participated banks accounted for 56% of total factoring services, while private banks represented 44%, demonstrating balanced institutional participation.
By client organizational form, the distribution of factoring services showed the largest share for limited liability companies (65.4%), followed by joint-stock companies – 19%, foreign-owned enterprises – 13.3%, and private and family-owned businesses – 2.3%.
Of the total factoring services, 48% were directed to the industry sector, 44% to trade and services, 4% to construction, and 4% to agriculture.
International factoring totaled 642 billion soums (7% of aggregate volume), with all transactions conducted on a recourse basis.
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Factoring services market review As of year-end 2025
Update date: 12 Mar 2026, 14:28
