Banks of Uzbekistan in 2022 provided mortgage loans for 14.37 trillion soums

Tashkent, Uzbekistan (UzDaily.com) -- The volume of allocated mortgage loans in Uzbekistan in 2022 amounted to 14.37 trillion soums. This was stated in the report of the Central Bank of Uzbekistan. The growth of mortgage loans compared to 2021 amounted to almost two times.

At the same time, the volume of loans for the purchase of housing in the primary market reached 10.78 trillion soums, and in the secondary market - 3.58 trillion soums.

According to the Central Bank, the balance of mortgage loans in 2022 exceeded 46.4 trillion soums. The share of funds of the Ministry of Finance of Uzbekistan at the end of 2022 amounted to 73.7% (92.1% in 2021) and banks’ own funds - 26.3% (9%).

About 26.2% (12.2 trillion soums) of allocated loans as of 1 January 2023 falls on the share of Ipoteka Bank, 21.4% (10 trillion soums) - Qishloq Qurilish Bank, 15.8% (7. 3 trillion soums) - National Bank, 7% (3.2 trillion soums) - Asaka Bank, 7.9% (3.7 trillion soums) - Uzpromstroybank, 7.3% (3.4 trillion soums) - Halyk Bank and 14.4% (6.7 trillion soums) - other banks.

Most mortgage loans were issued in Tashkent - 4.3 trillion soums (29.9%), in Samarkand region - 1.2 trillion soums (8.2%), in Ferghana region - 1.1 trillion soums (8%), in Andijan region - 1.1 trillion soums (7.4%) and in Navoi region - 900 billion soums (6.4%).

The highest cost of housing was recorded in Tashkent - 10 million soums per square meter in the primary market and 10.5 million soums in the secondary market, and the lowest in Jizzakh region - 4.2 million soums per square meter in the primary market and 2.9 million soums on the secondary.

In 2022, 3.1 trillion soums (21%) of mortgage loans were allocated to people aged 18-30, 10 trillion soums (70%) - 31-50 years, 1.2 trillion soums (9% over 50).