The Banking Supervision Committee of the Central Bank of Uzbekistan reviewed 43 issues and made corresponding decisions during its meetings in February 2026, according to the regulator's press service. Of the matters examined, 30 pertained to registration and licensing. Specifically, changes to the charters of credit organizations were registered in 3 cases, permission for ownership of a share in the authorized fund of 1 credit organization was considered, qualification certificates for auditors to conduct audits in 6 banks were granted, 5 microfinance organizations were registered, the license for one payment organization was reissued, and issues related to candidates for supervisory board and management members, as well as key staff of 14 commercial banks, were reviewed.

Additionally, 13 issues concerning the financial condition of credit organizations were addressed. These included discussions on compliance with prudential standards and Central Bank directives, results of inspections conducted in commercial banks, protection of consumer rights for banking services, adherence to cybersecurity requirements in banks and payment organizations, and testing of financial services within the "regulatory sandbox" framework.

For non-compliance with legislative requirements and deficiencies identified during inspections and audits, 11 banks were fined. Furthermore, 14 banks and 4 payment organizations received warnings for failing to meet prudential regulatory requirements, not bringing their activities into line with legal acts in the prescribed manner, and for shortcomings uncovered during checks.

In a further measure, 8 banks were instructed not to distribute profits by paying dividends on common shares to shareholders, aiming to mitigate the negative impact of potential losses on financial stability and ensure the formation of macroprudential buffers. These actions highlight ongoing regulatory efforts to strengthen oversight and address vulnerabilities within Uzbekistan's financial sector.

Source: kun.uz