The country’s banking system experienced the further deepening of reforms aimed at strengthening its stability and liquidity in 2011. Over the last five years the capital adequacy ratio of the banking sector has been at a level, which exceeds three times the international norm of 8% set by the Basel Committee on Banking Supervision.

The aggregate capital of commercial banks rose by 30% and reached 5.3 trillion soums as compared to 2010. Bank assets grew by 32.4% up to 27.5 trillion soums.

Today the country's banking system remains stable and fully consistent with international standards. This is confirmed by such reputable international rating agencies like Standard & Poor's, Moody's, Fitch Ratings that rank the banking system of Uzbekistan as stable for the second year run. It is noteworthy that the number of commercial banks in the republic with such an assessment is growing from year to year. 15 commercial banks of the country were rated as stable in 2010.  To date their number has reached 23. Their assets total more than 98% of the total assets of the banking system of the country.

The qualitative structure of banks' loan portfolio is changing radically. 54% of it was formed through external borrowing in 2000, and in 2011 85.3% of the portfolio was formed from domestic sources: deposits of legal entities and individuals.

Investment activity of commercial banks is growing as well. Over 75% of investments in commercial banks are long-term investment loans for over three years. In general, lending to the manufacturing sector by domestic banks increased sevenfold over the past decade. Last year it grew by 35.6% and currently stands at 15.6 trillion. soums. The amount of loans allocated by banks for investment purposes increased by 37% as compared to the previous year and made up more than 4.4 trillion. soums.

According to experts, an unconventional approach to the rehabilitation of economically insolvent enterprises by transferring them to the balance sheet of banks has justified itself. To date, production activities have been fully restored at 156 bankrupt enterprises out of 164 that were transferred to bank balance; 110 companies were sold to new investors. Commercial banks invested 275 billion soums in technical extension and upgrade of rehabilitated enterprises, which empowered over 22 thousand jobs. Those enterprises produced goods valued at more than $ 1 trillion soums; more than $ 320 million of that amount was exported.  

The amount of credits to small businesses increased by 1.5 times as compared to 2010 and amounted to 4.1 trillion soums at the result of the measures taken under the State Program the Year of Small Business and Private Entrepreneurship. That amount included 752.3 billion soums of micro loans.

Last year, commercial banks disbursed credit lines of foreign financial institutions in the amount of $143.4 million. This indicator exceeded the previous one 1.5 times. The active support of the credit industry in regions contributed to creation of more than 291 thousand new jobs.

A growth of deposits is ensured by the activities of commercial banks on raising the level of capitalization, intensive attraction of private capital, and increase of the resource base. More than 18 trillion soums was drawn for deposits in 2011, which is 36.3% more as compared to the previous year.

Increased public trust in the banking system, legal guarantees and the timely return of the deposits ensured the growth of savings by 38.8% up to $6.2 trillion soums. Complex construction of new housing estates in rural areas continued. Over 15 thousand families have owned well-appointed standard houses over the past two years.