7.7% in 2025, and 6.2% a year averaged since 2015.
One strong year and a decade of them are different claims and it is worth keeping them apart. Kyrgyzstan grew faster than Uzbekistan in 2025 — 11.1% against 7.7% — but averaged 5.5% over the eleven years to 2025, against Uzbekistan's 6.2%. The steadier record is the one worth planning against. (World Bank, 2025 ↗)
Growth of this kind shows up for a foreign-owned company as demand rather than as credit. Loans across the banking system grew 11.7% over the year to 2026-07-01 while deposits grew 33.2%, so the banks are taking money in considerably faster than they are lending it out. (Central Bank of Uzbekistan, 1 July 2026 ↗)
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