Which bank should a foreign-owned company use in Uzbekistan?

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We do not recommend one. Compare the published figures, then apply to more than one bank at the same time. Shortlist on published figures size, deposit base and non-performing loan share are all published for each of the 34 banks. Ignore ownership as a predictor competition is fierce and state banks frequently move quickly on a foreign-owned file. Ask what the bank holds in foreign currency 34.7% of system assets are in foreign currency; if you earn dollars you want a bank that still wants them. Apply to more than one which bank moves fastest on a particular application is genuinely unpredictable. This page publishes no ranking, score or recommendation of any named bank, and that is deliberate rather than evasive: the thing that decides an account opening is how a particular compliance team handles a particular file, and no published ratio predicts it. What the figures can tell you is which banks are large, which are well capitalised and which carry more bad debt — enough to build a shortlist from. Uzbek banks are permitted to open accounts remotely — for companies whose founders are residents, for individual entrepreneurs, and since October 2025 for IT-Park residents whose founder is a non-resident — and in practice essentially none of them does. Assume someone will need to attend in person, whether that is a founder or a representative acting under a power of attorney.

Which bank should a foreign-owned company use in Uzbekistan?

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