In November, Uzbekistan's regulator imposed fines on eight banks.

The Central Bank of the Republic of Uzbekistan imposed fines on eight banks in November following inspections of their financial condition and compliance with regulatory requirements, reports Daryo.uz citing the official press release from the regulator. These measures indicate a strengthening of oversight by the Central Bank over the activities of the country's financial institutions.

It is emphasized that during the November meetings of the Banking Supervision Committee, which were the ninth this year, 32 issues were addressed. Thirteen of these pertained to registration procedures and the issuance of permits. Among the discussed topics were the approval of amendments to the charter of one credit organization, the issuance of an auditor qualification certificate, the approval of ownership stakes in the charter capital of three banks, as well as the review of candidates for the supervisory boards and management of eight commercial banks.

The committee's main focus was on analyzing the financial stability of credit organizations. Nineteen issues were dedicated to assessing banks' compliance with directives and prudential norms set by the Central Bank, control measures, and the results of conducted inspections. As a result, 22 banks and three payment organizations received warnings about potential sanctions.

In addition to the eight banks, fines for non-compliance with regulatory requirements were also imposed on seven payment organizations and twelve microfinance institutions. These measures highlight the extensive reach of the regulator's oversight, which encompasses not only the banking sector but also the non-banking financial sector.

Furthermore, seven banks have been designated as systemically important for the year 2025. This status indicates their special role in the financial system and the need for increased attention from the regulator. A list of systemically important banks has not yet been published.