Tashkent, Uzbekistan (UzDaily.com) — Eurasian Bank has announced the termination of its operations in Uzbekistan.

According to the bank, this move is the logical conclusion of an earlier strategic decision to focus resources on developing its business in Kazakhstan.

Previously, the bank’s board of directors had approved the cessation of investments in its Uzbek operations, preceding the official notice from the regulator.

The bank’s press service explained that concentrating on the Kazakh domestic market will allow the implementation of new projects and strengthen positions in the most promising segments.

On 28 August, the Central Bank of Uzbekistan announced the revocation of Eurasian Bank JSC’s license to conduct banking activities. The decision was made by the regulator’s board resolution on 27 August 2025.

The license was revoked due to non-compliance of the bank’s authorized capital with established requirements and failure to meet several provisions of the Law “On Banks and Banking Activities.” In accordance with current legislation, a forced liquidation of the bank has been initiated, with a liquidation commission appointed.

According to the regulator, as of 1 August 2025, Eurasian Bank’s capital in Uzbekistan amounted to 104 billion soums. At present, the bank has no loans or deposits in its portfolio.

Eurasian Bank received its license from the Central Bank of Uzbekistan in January 2024. Since the beginning of this year, the minimum authorized capital requirement for banks in the country has been set at 500 billion soums.