Approval of the Regulation on Requirements for the Adequacy of Commercial Bank Capital

Resolution of the Board of the Central Bank of the Republic of Uzbekistan, registered on 06.07.2015, registration number 2693

Date of Entry into Force

13.07.2015

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Document lost force 01.01.2026

[OKOZ:

1.07.00.00.00 Legislation on Finance and Credit. Bank Activity / 07.19.00.00 Banking System / 07.19.03.00 Bank Reserves and Funds. Capitalization]

[TSZ:

Finance / Banks and other credit institutions. Credits]

Resolution of the Board of the Central Bank of the Republic of Uzbekistan

On Approval of the Regulation on Requirements for the Adequacy of Commercial Bank Capital

[Registered with the Ministry of Justice of the Republic of Uzbekistan on June 6, 2015, under number 2693]

This resolution loses its force from January 1, 2026, based on the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated October 2, 2025, No. 21/6 "On Approval of the Regulation on Requirements for the Adequacy of Bank Capital" (registration number 3697, dated 28.10.2025).

In accordance with the Laws of the Republic of Uzbekistan "On the Central Bank of the Republic of Uzbekistan," "On Banks and Banking Activity," and the Resolution of the President of the Republic of Uzbekistan dated May 6, 2015, No. PQ-2344 "On Further Improving the Financial Stability of Commercial Banks and Developing Their Resource Base," the Board of the Central Bank of the Republic of Uzbekistan resolves:

Approve the Regulation on Requirements for the Adequacy of Commercial Bank Capital in accordance with the Appendix.
This resolution enters into force three months after the date of its official publication.

Chairman of the Central Bank F. MULLAJONOV

Tashkent city,

June 13, 2015,

No. 14/3

Appendix to the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated June 13, 2015, No. 14/3–3

REGULATION

On Requirements for the Adequacy of Commercial Bank Capital

This Regulation establishes the requirements for the adequacy of the capital of commercial banks (hereinafter referred to as "banks" in the text).

(preamble in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 28, 2023, No. 8/11 (registration number 2693-10, dated 05.04.2023), No. 10/23/2693-10/0196 – enters into force from May 6, 2023)

Chapter 1. General Provisions

The requirements of this Regulation apply to determining the adequacy of commercial bank capital.
The following basic concepts are used for the purposes of this Regulation:

bank liabilities – all obligations of the bank;

capital reserves – reserves formed from net profit after payment of taxes and fees or from undistributed profit of previous years. They can be used to cover any losses arising in bank activity without any restrictions as soon as they occur;

(third sub-paragraph of paragraph 2 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021, No. 28/22 (registration number 2693-7, dated 13.02.2021) – National Database of Legislation, dated 13.02.2021, No. 10/21/2693-7/0116)

reserves for standard assets – reserves established to cover possible losses resulting from bank activity as a whole or from a specific type of activity;

(fourth sub-paragraph of paragraph 2 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated November 19, 2021, No. 27/5 (registration number 2693-8, dated 10.12.2021) – dated 10.12.2021, No. 10/21/2693-8/1151)

special reserves – reserves intended to cover possible losses on assets classified as "substandard," "unsatisfactory," "doubtful," and "hopeless";

intangible assets – identifiable non-monetary assets without material form, having a useful life of more than one year, and used in providing bank services or for administrative purposes (software, usage rights, marketing and technical information, goodwill, deferred tax liabilities, etc.);

goodwill – the amount paid in excess of the value of net assets (the difference between the market value of all assets and the market value of all liabilities) when a bank is acquired by a buyer;

leverage – an indicator reflecting the degree of capitalization of a bank's total assets;

regulatory capital – bank capital determined by calculation for the purpose of regulating bank activity and calculating prudential standards;

(ninth sub-paragraph of paragraph 2 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated December 13, 2019, No. 30/9 (registration number 2693-6, dated 25.12.2019) – National Database of Legislation, dated 25.12.2019, No. 10/19/2693-6/4195)

[See previous](/docs/2699536?ONDATE=27.05.2018 00#3713792) edition.

(tenth sub-paragraph of paragraph 2 issued based on the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021, No. 28/22 (registration number 2693-7, dated 13.02.2021) – National Database of Legislation, dated 13.02.2021, No. 10/21/2693-7/0116)

deferred tax liabilities – the amount of income tax related to the difference in the taxation period to be paid in the future;

deferred tax claims – the amount of income tax to be paid in the future;

credit recalculation factor – a coefficient (percentage) applied to off-balance sheet assets when calculating their risk level.

When a country, bank, or enterprise has rating assessments from several of "Standard & Poor's," "Fitch Ratings," "Moody's Investors Service," and other rating companies designated by the Central Bank of the Republic of Uzbekistan, the lowest rating assessment is taken into account in the calculations of this Regulation.

(sub-paragraph 21 added based on the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

Chapter 2. Requirements for the Minimum Level of Capital

The minimum amount of a bank's statutory capital:

must be one hundred billion UZS by September 1, 2023;

must be two hundred billion UZS from September 1, 2023;

must be three hundred fifty billion UZS from April 1, 2024;

must be five hundred billion UZS from January 1, 2025.

(sub-paragraph 3 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated June 6, 2023, No. 14/7 (registration number 2693-11, dated 18.07.2023) – dated 19.07.2023, No. 10/23/2693-11/0493)

The amount of a bank's Tier 1 capital must not be less than the minimum amount of the bank's statutory capital. In this case, the amount of a bank's Tier 1 capital is determined based on the equivalent of the bank's statutory capital in national currency according to the exchange rate for currency operations established by the Central Bank of the Republic of Uzbekistan for the purpose of maintaining accounting, statistical, and other reports on the last day of the reporting month.

(sub-paragraph 4 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated September 23, 2017, No. 26/7 (registration number 2693-2, dated 23.10.2017) – National Database of Legislation, dated 23.10.2017, No. 10/17/2693-2/0167)

The Central Bank of the Republic of Uzbekistan has the right to impose requirements on banks to increase the amount of regulatory capital in the following cases:

unsatisfactory financial condition that may lead to the emergence of unsafe and unhealthy bank activity;

unsatisfactory forecast of bank profit;

situations where high levels of bank risk and off-balance sheet items are identified.

The regulatory capital of each bank must be calculated in accordance with the requirements of this Regulation for the purpose of determining its adequacy.

Chapter 3. Capital Structure

Regulatory capital consists of the sum of Tier 1 capital and Tier 2 capital.
Elements of capital restricted by conditions that may lead to the emergence of unsafe and unhealthy bank activity (use of established funds/reserves for their intended purpose, terms of issuing debt obligations, etc.) cannot be included in the regulatory capital structure.
Tier 1 capital must not be less than 50% of regulatory capital. If the amount of Tier 2 capital exceeds 100% of the amount of Tier 1 capital, the excess amount is not included in the regulatory capital structure.

(sub-paragraph 9 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated April 1, 2025, No. 7/6 (registration number 2693-13, dated 21.04.2025) – dated 22.04.2025, No. 10/25/2693-13/0369. Date of entry into force – May 23, 2025)

Tier 1 capital includes Tier 1 core capital and Tier 1 supplementary capital.
Tier 1 core capital must not be less than 60% of the bank's regulatory capital and must include the following:

a) fully paid ordinary shares or instruments equivalent to ordinary shares if the bank is organized in a form other than a joint-stock company. Such shares or instruments must meet the following conditions:

claims on them are satisfied after all claims of the bank (depositors and other creditors of the bank, subordinated debt, preferred shares, etc.) in the event of bank liquidation;

owners have the right to receive their proportional share of the remaining assets of the bank after all claims are satisfied in the event of bank liquidation;

they are perpetual and not payable except in cases of liquidation of the bank, except for cases of repurchase established by legislation;

(sub-paragraph "a" of paragraph 11 fourth sub-paragraph in the edition of the Order of the Minister of Justice of the Republic of Uzbekistan dated July 28, 2021, No. 16-mh (registration number 3313, dated 28.07.2021) – dated 28.07.2021, No. 10/21/3313/0724)

the issuer does not take action to repurchase or cancel them, and legal and contractual requirements do not have characteristics that would lead to such a situation;

they are not guaranteed or secured by the issuer or related persons, and in the event of bank liquidation, the order of their payment (subordination) is not changed by any contract;

(sub-paragraph "a" of paragraph 11 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

b) share premium – the amount paid in excess of the nominal value of ordinary shares upon their initial placement;

c) retained profit (loss):

(sub-paragraph "c" of paragraph 11 first sub-paragraph in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

capital reserves and other reserves formed from undistributed profit of previous years on the bank's balance sheet (excluding the increased valuation amount of free property (30905) and fixed assets and intangible assets (30908));

(sub-paragraph "c" of paragraph 11 second sub-paragraph in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

undistributed profit from previous years, excluding the amount of unpaid dividends;

uncovered losses from previous years and current year losses;

(sub-paragraph "c" of paragraph 11 fourth sub-paragraph in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

d) minority interests in companies consolidated into the bank's consolidated balance sheet. These interests arise when branch companies' accounts are consolidated in the bank's financial reports and the bank's share constitutes less than 100% of the capital of such companies. In this case, these interests must meet the requirements specified in the second to sixth sub-paragraphs of sub-paragraph "a" of this paragraph;

(sub-paragraph "d" of paragraph 11 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

e) devaluation reserve. This reserve is formed from funds allocated from retained profit to cover the bank's obligations in the event of a significant devaluation (devaluation) of the national currency.

(sub-paragraph "e" of paragraph 11 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

Tier 1 supplementary capital includes the following:

a) fully paid non-cumulative perpetual preferred shares and (or) other non-cumulative perpetual capital instruments meeting the requirements specified in sub-paragraph 12-1 of this Regulation;

b) share premium – the amount paid in excess of the nominal value of non-cumulative perpetual preferred shares and (or) other non-cumulative perpetual capital instruments upon their initial placement;

c) instruments equivalent to capital issued by branch companies and held by third parties, meeting the conditions for inclusion in Tier 1 supplementary capital, as well as minority interests in companies consolidated into the bank's consolidated balance sheet not included in sub-paragraph "g" of paragraph 11 of this Regulation.

(sub-paragraph 12 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated April 1, 2025, No. 7/6 (registration number 2693-13, dated 21.04.2025) – dated 22.04.2025, No. 10/25/2693-13/0369. Date of entry into force – May 23, 2025)

12-1. Fully paid non-cumulative perpetual preferred shares and (or) other non-cumulative perpetual capital instruments included in Tier 1 supplementary capital must meet the following conditions:

they do not have a specific purchase date or conditions;

claims on them are satisfied after claims of bank depositors, creditors, and subordinated debts are fulfilled in the event of bank liquidation;

they are not guaranteed or secured by the issuer or related persons;

they can be repurchased by the issuer at its initiative at least five years after the date of issuance, provided there is no objection from the Central Bank, as well as in the event of replacement with similar perpetual preferred shares and (or) other non-cumulative perpetual capital instruments or other higher-tier instruments, ensuring that the bank's Tier 1 capital adequacy ratio is at least two percentage points above the minimum requirement established by this Regulation;

dividends (interest) on them may not be paid in accordance with the decision of the general meeting of bank shareholders;

unpaid or fully unpaid dividends (interest) are not accumulated and not paid subsequently;

non-payment of dividends (interest) on them is not considered by the bank as a failure to fulfill obligations (insolvency);

the bank has the right to use funds formed from unpaid dividends (interest) on them without any restrictions;

non-payment of dividends (interest) on them does not impose any restrictions on the bank;

the amount (rate) of dividends (interest) on them does not change as a result of changes in the bank's financial condition and (or) credit rating;

the bank does not form conditions for their repurchase, including not including such conditions in contractual terms;

in assessing the bank's insolvency, the bank's obligations do not exceed its assets;

capital instruments classified as liabilities for accounting purposes can be fully or partially converted into and (or) written off the bank's ordinary shares to bring the bank's Tier 1 core capital adequacy ratio to at least one percentage point below the requirement of this regulation (excluding the capital conservation buffer);

there are no conditions hindering bank recapitalization, including conditions providing for compensation to persons owning previously placed capital instruments if these capital instruments are issued at a lower price in the future.

(sub-paragraph 12-1 added based on the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated April 1, 2025, No. 7/6 (registration number 2693-13, dated 21.04.2025) – dated 22.04.2025, No. 10/25/2693-13/0369. Date of entry into force – May 23, 2025)

[See previous](/docs/2699536?ONDATE=13.02.2021 00#5304588) edition.

(sub-paragraph 13 loses force based on the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated April 1, 2025, No. 7/6 (registration number 2693-13, dated 21.04.2025) – dated 22.04.2025, No. 10/25/2693-13/0369. Date of loss of force – May 23, 2025)

Tier 2 capital includes the following:

a) net profit for the current year;

(sub-paragraph "a" of paragraph 14 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021, No. 28/22 (registration number 2693-7, dated 13.02.2021) – National Database of Legislation, dated 13.02.2021, No. 10/21/2693-7/0116)

b) standard asset reserves not exceeding 1.25% of the sum of assets taking into account risk after deductions;

(sub-paragraph "b" of paragraph 14 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated November 19, 2021, No. 27/5 (registration number 2693-8, dated 10.12.2021) – dated 10.12.2021, No. 10/21/2693-8/1151)

c) hybrid liabilities (instruments possessing characteristics of both equity and debt capital) not exceeding one-third of Tier 1 capital after deductions. Hybrid liabilities, as well as preferred shares not included in Tier 1 capital, are included in Tier 2 capital if they meet the following conditions:

fully paid;

not secured by collateral;

claims on them are satisfied after claims of bank depositors and other creditors of the bank are fulfilled in the event of bank liquidation;

cannot be paid at the initiative of the share owner without prior consent of the Central Bank of the Republic of Uzbekistan;

cover all bank reserves and do not give the right to declare the bank insolvent;

if the bank has not made a profit for the last 3 quarters or has made a decision not to pay dividends (interest) on ordinary or preferred shares, the payment of dividends (interest) on these liabilities can be postponed at the issuer's discretion;

d) subordinated debt – a form of the bank's debt obligation, the amount of which must not exceed one-third of Tier 1 capital after calculations for the purpose of determining bank capital. Subordinated debt included in Tier 2 capital must meet the following requirements:

attracted from legal entities;

(sub-paragraph "d" of paragraph 14 second sub-paragraph supplemented based on the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 28, 2023, No. 8/11 (registration number 2693-10, dated 05.04.2023) – dated 05.04.2023, No. 10/23/2693-10/0196 – enters into force from May 6, 2023)

not secured by collateral;

claims on these obligations are satisfied after claims of depositors and other creditors of the bank are fulfilled in the event of bank liquidation;

initial payment term is 5 years;

not guaranteed or secured by other assets by the debtor bank or related persons, and in the event of bank liquidation, the order of their payment (subordination) is not changed by any contract, i.e., not equalized with claims of bank depositors and creditors;

repaid in advance with the permission of the Central Bank of the Republic of Uzbekistan.

Recognition of subordinated debt as the bank's Tier 2 capital is carried out in the following order:

in full volume if the initial payment term exceeds 5 years;

during the 5 years before the initial payment term:

in the 1st year – 80% of the subordinated debt balance;

in the 2nd year – 60% of the subordinated debt balance;

in the 3rd year – 40% of the subordinated debt balance;

in the 4th year – 20% of the subordinated debt balance;

in the 5th year – 0.

(sub-paragraph "d" of paragraph 14 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

e) 45% of the increased valuation amount of assets relative to their initial value.

Deductions from capital are deducted from Tier 1 capital before calculating capital adequacy ratios.
The following are deducted from Tier 1 core capital:

(first sub-paragraph of paragraph 16 in the edition of the Resolution of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018, No. 12/21 (registration number 2693-3, dated 25.04.2018) – National Database of Legislation, dated 26.04.2018, No. 10/18/2693-3/1099 – enters into force from May 27, 2018)

intangible assets, except for the bank's software;

(16-paragraph second subparagraph in the edition of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

the total amount of all investments in the capital of unaffiliated economic entities, including debt obligations forming the capital of such economic entities. From this, investments made for financing the commissioning of renewable (energy-saving) energy sources, including large solar and wind power plants, solar panels, and small photovoltaic power plants, are excluded until December 1, 2023;

(16-paragraph third subparagraph in the edition of Resolution No. 4/12 of the Board of the Central Bank of the Republic of Uzbekistan dated March 2, 2023 (registration number 2693-9, dated 17.03.2023) — , 18.03.2023, 10/23/2693-9/0155)

investments in the capital of other banks.

[See previous edition](/docs/2699536?ONDATE=10.07.2017 00#3296006).

(16-paragraph fifth subparagraph issued on the basis of Resolution No. 12/21 of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018 (registration number 2693-3, dated 25.04.2018) — National Database of Legislation of the Republic of Uzbekistan, 26.04.2018, 10/18/2693-3/1099 — enters into force on May 27, 2018)

Chapter 4. Assets with Risk-Weighted Values

[See previous edition](/docs/2699536?ONDATE=29.01.2019 00#4163244).

(Paragraph 17 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

The total amount of risk-weighted assets is found by multiplying the total value of each asset by its corresponding risk weight and summing the assets identified by risk.

Here, the total value of an asset refers to the balance of the main debt reflected in the bank's balance sheet and the interest accrued on it, penalties, commission, and other non-interest payments, minus the amount of reserves created for them.

(Paragraph 18 in the edition of Resolution No. 8/11 of the Board of the Central Bank of the Republic of Uzbekistan dated March 28, 2023 (registration number 2693-10, dated 05.04.2023) — , 05.04.2023, 10/23/2693-10/0196 — enters into force on May 6, 2023)

The calculation of risk-weighted assets is carried out on the basis of the risk weights specified in Appendices 1 to 6 of this Regulation, as well as the risk weights established by the Central Bank based on the annual interest rate of loans granted to individuals and legal entities.

(Paragraph 181 in the edition of Resolution No. 42/14 of the Board of the Central Bank of the Republic of Uzbekistan dated January 31, 2024 (registration number 2693-12, dated 27.02.2024) — , 28.02.2024, 10/24/2693-12/0162 — enters into force on March 29, 2024)

[See previous edition](/docs/2699536?ONDATE=13.07.2015 00#2701408).

(Paragraph 19 loses its force on the basis of Resolution No. 8/11 of the Board of the Central Bank of the Republic of Uzbekistan dated March 28, 2023 (registration number 2693-10, dated 05.04.2023) — , 05.04.2023, 10/23/2693-10/0196)

[See previous edition](/docs/2699536?ONDATE=13.07.2015 00#2701409).

(Paragraph 20 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

[See previous edition](/docs/2699536?ONDATE=27.05.2018 00#3714396).

(Paragraph 21 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

[See previous edition](/docs/2699536?ONDATE=27.05.2018 00#3714407).

(Paragraph 22 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

[See previous edition](/docs/2699536?ONDATE=13.07.2015 00#2701425).

(Paragraph 23 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

[See previous edition](/docs/2699536?ONDATE=13.07.2015 00#2701433).

(Paragraph 24 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

[See previous edition](/docs/2699536?ONDATE=29.01.2019 00#4163367).

(Paragraph 241 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

[See previous edition](/docs/2699536?ONDATE=08.04.2019 00#4251092).

(Paragraph 242 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

Chapter 5. Off-Balance Sheet Items

When calculating the total amount of risk-weighted assets, all off-balance sheet items are taken into account, except for derivative instruments (forwards, swaps, options, etc.) concluded in the interbank market.
The risk category of off-balance sheet items is determined by multiplying the unpaid balance of the off-balance sheet item by the credit conversion factor, and the resulting value is the balance sheet equivalent of the off-balance sheet item, to which the appropriate risk weight is assigned in accordance with the rules of balance sheet accounting numbers.

If an off-balance sheet item or part thereof is guaranteed or secured in the manner prescribed in Chapter 4 of this Regulation, the risk weight is determined based on the type of guarantor and the description of the guarantee, not the counterparty. A low risk factor may be applied to a specific part of an off-balance sheet item that is secured or guaranteed by collateral or guarantees acceptable to the Central Bank of the Republic of Uzbekistan.

Off-balance sheet items to which a 100 percent credit (asset) conversion factor is applied include:

immediate credit substitutes reflecting the bank's legally non-callable obligations to make payments to third parties, including general guarantees, standby letters of credit, and similar agreements, where a bank customer issues guarantees or reserve letters of credit and becomes unable to fulfill third-party obligations under agreements and other commitments;

assets sold under repurchase agreements or agreements to return assets to the bank under specified conditions;

obligations to purchase assets at a future date for a specified period.

Off-balance sheet items to which a 50 percent credit (asset) conversion factor is applied consist of:

commitments related to transactions, such as transaction guarantees or letters of credit related to specific transactions. These obligations are considered legally non-callable obligations of the bank to compensate a third party if the bank customer on whose behalf the obligations were issued cannot perform non-financial commercial obligations;

unused portions of credit lines or similar agreements regarding credit granting, where the initial repayment period exceeds one year.

Off-balance sheet items to which a 20 percent credit (asset) conversion factor is applied consist of:

short-term or self-liquidating commitments related to trade, such as documentary letters of credit secured by the delivery of goods;

unused portions of credit lines or similar agreements regarding credit granting, where the initial repayment period is one year or less.

Chapter 6. Derivative Instruments

When a bank concludes forward agreements, swaps, options, and similar derivative contracts, they are not subject to full nominal value credit risk. If contractual obligations are not fulfilled by the counterparty, the potential value of the bank's cash flow exchange is considered risk.
The credit conversion factor for the balance sheet equivalent of a derivative instrument is determined based on the following table by multiplying the nominal value of each instrument.

Maturity Periods	Derivative Instruments (%)
Interest Rate Based	Exchange Rate Based
Up to one year	0.5	2.0
One to two years	1.0	5.0 (e.g., 2+3)
Subsequent year	1.0	3.0

The amount of the conversion factor depends on the instrument description and the remaining coverage period for all instruments, excluding initial coverage periods for currency contracts and gold. Risk weights are applied to equivalents calculated according to the above method in the same manner as balance sheet items, depending on the type of debtor, the nature of guarantees, and collateral.

Chapter 7. Calculation of Capital Adequacy

The total amount of risk-weighted assets (TRWA) is determined as the sum of risk-weighted balance sheet and off-balance sheet assets, with deductions applied.
Starting from September 1, 2015, the total amount of risk-weighted assets (TRWA) is calculated as follows:

TRWA = Sum of risk-weighted balance sheet and off-balance sheet assets with deductions + Sum of Operational Risks (OR) + Sum of Market Risks (MR);

OR = (100 / minimum level of specified K1) X (Average sum of the Bank's total income over the last three years X 15 percent);

Total Income = (Interest Income - Interest Expenses) + (Non-Interest Income - Non-Interest Expenses).

(16-paragraph fourth subparagraph in the edition of Resolution No. 12/21 of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018 (registration number 2693-3, dated 25.04.2018) — National Database of Legislation of the Republic of Uzbekistan, 26.04.2018, 10/18/2693-3/1099 — enters into force on May 27, 2018)

If the total income is zero or negative in any year, it must be excluded from the denominator and numerator when calculating the average indicator.

MR = (100 / minimum level of specified K1) X (Total amount of open currency positions X 10 percent).

When calculating the total amount of open currency positions, the largest absolute value of the sum of total long or total short positions of foreign currencies is taken.

The ratio of regulatory capital to the total amount of risk-weighted assets must not be less than 13 percent. The capital adequacy coefficient K1 is calculated as follows:

K1 = RC / TRWA.

(Paragraph 34 in the edition of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

The capital adequacy coefficient K2 of Tier 1 capital is determined as Tier 1 capital / TRWA.

Taking into account that the capital conservation buffer consists of 3.0 percent of risk-weighted assets of high-quality Tier 1 capital, the K2 coefficient must not be less than 0.10 (10.0 percent).

The capital conservation buffer consists of an additional reserve amounting to 3.0 percent of risk-weighted assets. Such a reserve is intended to ensure the provision of capital reserves that banks can use to cover losses during periods of financial and economic difficulties.

(Paragraph 35 in the edition of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

The capital adequacy coefficient K3 of Tier 1 core capital is determined as Tier 1 core capital / TRWA, and its minimum level must not be less than 0.08 (8.0 percent).

(Paragraph 36 in the edition of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

[See previous edition](/docs/2699536?ONDATE=13.07.2015 00#2701474).

(Paragraph 37 lost its force on the basis of Resolution No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, dated 13.02.2021) — National Database of Legislation of the Republic of Uzbekistan, 13.02.2021, 10/21/2693-7/0116)

In addition to capital adequacy requirements, banks must comply with the leverage ratio, defined as the ratio of Tier 1 capital (after deducting intangible assets) to the sum of total assets plus assets specified in Chapters 5 and 6 of this Regulation, minus assets specified in [Paragraph 16](/docs/2699536?ONDATE=27.05.2018 00#3714378) of this Regulation:

K4 = Tier 1 capital / (Total Assets + assets in [Chapters 5](/docs/2699536?ONDATE=13.07.2015 00#2701438) and [6](/docs/2699536?ONDATE=13.07.2015 00#2701452) of this Regulation - assets specified in [Paragraph 16](/docs/2699536?ONDATE=27.05.2018 00#3714378) of this Regulation). The minimum level of the leverage ratio is equal to 0.06 (6 percent).

(16-paragraph second subparagraph in the edition of Resolution No. 12/21 of the Board of the Central Bank of the Republic of Uzbekistan dated March 31, 2018 (registration number 2693-3, dated 25.04.2018) — National Database of Legislation of the Republic of Uzbekistan, 26.04.2018, 10/18/2693-3/1099 — enters into force on May 27, 2018)

When calculating the leverage ratio, assets in the bank's balance sheet accounts "Contingent Liabilities" that may potentially be reflected in balance sheet assets in the future are also taken into account. These include assets used in calculating capital adequacy.

Off-balance sheet assets are considered the main source of leverage. Therefore, banks must calculate off-balance sheet assets specified above using a credit conversion factor of 100 percent, except in the following two cases:

derivative (derivative) operations are carried out in accordance with "initial exposure" used in calculating capital adequacy;

the bank must apply a credit conversion factor of 10 percent to all obligations that it unconditionally has the right to cancel.

The Central Bank of the Republic of Uzbekistan may require banks to ensure a higher capital adequacy coefficient based on risks specific to their activities, economic conditions, and financial situation. Such risks include, but are not limited to, a large volume of problematic loans, net losses, high growth of assets, emergence of high-level risk regarding interest rates, or involvement in risk-based activities.

Chapter 8. Final Provisions

Dividends are paid to shareholders after the bank has an audit opinion on the accuracy of financial reports for the results of the financial year and the period for which interim dividends are paid, and after allocations for capital increase have been made.
Dividends may be paid after reserves for potential losses are formed and adjustments are made in accordance with the requirements of the Central Bank of the Republic of Uzbekistan.

Banks do not have the right to make a decision on paying (declaring) dividends in the following cases:

if the bank has signs of economic insolvency (illiquidity) at the time of dividend payment, or if such signs arise as a result of paying dividends;

(41-paragraph third subparagraph in the edition of Resolution No. 14/10 of the Board of the Central Bank of the Republic of Uzbekistan dated May 27, 2023 (registration number 3442, dated 09.06.2023) — , 12.06.2023, 10/23/3442/0359)

if the value of the bank's net assets is less than the sum of its authorized and reserve capital;

if there is a violation of economic norms established by the Central Bank of the Republic of Uzbekistan, as well as if the payment of dividends results in a violation of economic norms, which may pose a serious threat to the interests of depositors and creditors;

if there is a requirement from the Central Bank of the Republic of Uzbekistan to suspend dividend payments.

The Bank Board must take into account the amount of allocations directed to capital increase from profits when developing and approving the main directions of the bank's credit and investment policy annually.
Banks whose capital does not meet the requirements of this Regulation must develop a plan of measures to ensure compliance with capital requirements, including:

strategies and actions necessary to raise bank capital to the adequacy level;

limited amounts of capital specified during the implementation period of the plan;

a plan of measures for the period covered by the plan under the influence of restrictions imposed on the bank's activities;

other information in accordance with the requirements of the Central Bank of the Republic of Uzbekistan.

The plan of measures, indicating implementation deadlines, must be submitted to the Central Bank of the Republic of Uzbekistan for review within 30 days from the moment the discrepancy with capital adequacy requirements arises and is reflected in the bank's financial report.
If the requirements of this Regulation are violated by banks, the Central Bank of the Republic of Uzbekistan has the right to apply measures and sanctions provided for in the Law of the Republic of Uzbekistan "On Banks and Banking Activity".

(Paragraph 45 in the edition of Resolution No. 30/9 of the Board of the Central Bank of the Republic of Uzbekistan dated December 13, 2019 (registration number 2693-6, dated 25.12.2019) — National Database of Legislation of the Republic of Uzbekistan, 25.12.2019, 10/19/2693-6/4195)

Regulation on Requirements for Capital Adequacy of Commercial Banks

APPENDIX 1

Risk Weights for Parts of Bank Assets


No.	Description	Risk Weight
1.	National and foreign currency held in cash form in the Bank and its branches (including gold bars belonging to commercial banks stored in bank vaults or in the vaults of the Central Bank of the Republic of Uzbekistan)	0%
2.	Funds in national currency in representative and reserve accounts of the Central Bank of the Republic of Uzbekistan	0%
3.	Direct claims on the Government and the Central Bank of the Republic of Uzbekistan and securities issued by them, as well as securities confirming secured credit relations issued by mortgage refinancing organizations	0%
4.	Claims against the International Monetary Fund and the World Bank Group (International Bank for Reconstruction and Development, International Finance Corporation, Multilateral Investment Guarantee Agency, International Development Association), as well as the Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, European Investment Bank, European Investment Fund, Islamic Development Bank, and the Development Bank of the Council of Europe, investments in their securities, as well as bank assets and off-balance sheet items secured or guaranteed by securities issued by them. At the same time, the part of bank operations carried out from their funds with an obligation to fully cover risks by these organizations. In this case: securities accepted as collateral must be in the possession of the Bank and transferred to it in the prescribed manner; guarantees and obligations to fully cover risks must be direct and unconditional, i.e., not contain any additional conditions limiting their application.	0%
5.	Part of assets or off-balance sheet items for which a deposit is accepted as collateral and the currency of the collateral matches. In this case, the deposit accepted as collateral must be formed in this Bank, and it must be stipulated that the Bank can use the deposit unconditionally if the customer fails to fulfill the contract terms on time.	0%
51.	Loans granted to individuals and legal entities for the launch of renewable (energy-saving) energy sources, including large solar and wind power plants, solar panels, and small photovoltaic stations, until December 1, 2023	0%
6.	Assets listed in paragraph 16 of the Regulation on Requirements for the Adequacy of Capital of Commercial Banks (registration number 2693, July 6, 2015) 16th paragraph	0%
7.	Funds in foreign currency in representative and reserve accounts of the Central Bank of the Republic of Uzbekistan	20%
8.	Assets secured or guaranteed by securities in the form of securities issued or guaranteed by the Government of the Republic of Uzbekistan and the Central Bank of the Republic of Uzbekistan, evaluated at current market value, their parts, and off-balance sheet liabilities. In this case: securities accepted as collateral must be in the possession of the Bank and transferred to it in the prescribed manner; guarantees and obligations to fully cover risks must be direct and unconditional, i.e., not contain any additional conditions limiting their application.	0%
9.	Money documents in the process of transfer (including cash in transit)	20%
10.	Part of assets or off-balance sheet items for which a deposit is accepted as collateral and the currency of the collateral does not match. In this case, the deposit accepted as collateral must be formed in this Bank, and it must be stipulated that the Bank can use the deposit unconditionally if the customer fails to fulfill the contract terms on time.	20%
101.	Corporate bonds issued by mortgage refinancing organizations	20%
102.	Services provided within the framework of microfinance activities to self-employed individuals and small business entities who have had a permanent income and a turnover of funds in a bank account, including a bank card, for at least six months, starting from April 1, 2024, until June 1, 2025, excluding loans granted within the framework of family business development programs	75%
103.	Loans granted by banks to microfinance organizations for the purpose of providing services within the framework of microfinance activities to self-employed individuals and small business entities who have had a permanent income and a turnover of funds in a bank account, including a bank card, for at least six months, starting from April 1, 2024, until June 1, 2025	75%
104.	Loans of 300 million sum and less granted to self-employed individuals who have a permanent income or a turnover of funds in a bank account, including a bank card, every month for at least the last six consecutive months, and a debt burden indicator of 50 percent and less, starting from June 1, 2025, excluding loans granted within the framework of family business development programs. In this case: loans of more than 300 million sum granted to self-employed individuals who have a permanent income or a turnover of funds in a bank account, including a bank card, every month for at least the last six consecutive months, and a debt burden indicator of 50 percent and less, are subject to risk weighting based on risk weights established by the Central Bank, taking into account the annual interest rate; if self-employed individuals do not have a permanent income or a turnover of funds in a bank account, including a bank card, every month for at least the last six consecutive months, or their debt burden indicator exceeds 50 percent, or it is impossible to determine this indicator, loans granted to such borrowers are subject to risk weighting in accordance with position 13-2 of this Appendix.	75%
105.	Loans with a total outstanding amount not exceeding 0.2 percent of the bank's regulatory capital, but no more than 15 billion sum, granted to small business entities, excluding loans granted within the framework of family business development programs, starting from June 1, 2025. In this case, loans with a total outstanding amount granted to small business entities exceeding 0.2 percent of the bank's regulatory capital or 15 billion sum are subject to risk weighting based on risk weights established by the Central Bank, taking into account the annual interest rate.	75%
11.	Fixed assets and other private property of the Bank	100%
12.	Loans with initial pledge rights belonging to entities other than the Bank	100%
13.	Assets denominated in national currency and exceeding the amount of financing in national currency	100%
131.	Loans (microloans) granted to individuals with a debt burden indicator of 60 percent (this indicator will be 50 percent starting from January 1, 2025) and less, starting from July 1, 2024, excluding loans granted to individuals for purchasing vehicles, mortgage loans, and loans granted on the basis of family business development and education programs	100%
132.	Loans (microloans) granted to individuals with a debt burden indicator exceeding 60 percent (this indicator will be 50 percent starting from January 1, 2025) or where it is impossible to determine this indicator, starting from July 1, 2024, excluding loans granted to individuals for purchasing vehicles, mortgage loans, and loans granted on the basis of family business development and education programs	150%
14.	Real estate included in the Bank's balance sheet for the purpose of full or partial recovery of debt	150%
15.	Real estate of the Bank not in use for more than two years	150%
16.	Assets classified as "unsatisfactory", "doubtful", and "loss" (regardless of compliance with conditions in other positions of this Appendix)	200%
17.	All other assets, excluding assets listed in Appendices 2–6 of the Regulation on Requirements for the Adequacy of Capital of Commercial Banks (registration number 2693, July 6, 2015) and subject to risk weighting based on the annual interest rate	100%

(Appendix 1 is in the edition of the Decision No. 7/6 of the Board of the Central Bank of the Republic of Uzbekistan dated April 1, 2025 (registration number 2693-13, April 21, 2025) — , April 22, 2025, No. 10/25/2693-13/0369. Effective date — May 23, 2025)

To the Regulation on Requirements for the Adequacy of Capital of Commercial Banks
APPENDIX 2

Risk weights based on counterparty rating assessments*


No.	Description	Groups allocated based on risk weights according to rating assessments
Rating assessments of rating companies "Standard & Poor's" and "Fitch Ratings"
From AAA to AA-	From A+ to A-	From BBB+ to BBB-	From BB+ to B-	Below B-	No rating assessment
Rating assessments of rating company "Moody's Investors Service"
From Aaa to Aa3	From A1 to A3	From Baa1 to Baa3	From Ba1 to B3	Below B3	No rating assessment
1.	Claims against governments and central banks of foreign countries, investments in their securities, as well as bank assets and off-balance sheet items secured or guaranteed by securities issued by them. In this case: securities accepted as collateral must be in the possession of the Bank and transferred to it in the prescribed manner; guarantees must be direct and unconditional, i.e., not contain any additional conditions limiting their application.	0%	20%	50%	100%	150%	100%
2.	Claims against state sector organizations in foreign countries (excluding Government and Central Bank), investments in their securities, as well as bank assets and off-balance sheet items secured or guaranteed by securities issued by them. In this case: securities accepted as collateral must be in the possession of the Bank and transferred to it in the prescribed manner; guarantees and obligations to fully cover risks must be direct and unconditional, i.e., not contain any additional conditions limiting their application.	20%	50%	50%	100%	150%	150%
3.	Risks related to banks: all claims on banks, including loans and money market instruments, as well as securities issued by these banks and all other assets secured by bank guarantees:
90 days or less	20%	20%	20%	50%	150%	150%
More than 90 days	20%	50%	50%	100%	150%	150%
4.	Securities of companies in foreign countries, claims against them, and their guarantees. In this case: securities accepted as collateral must be in the possession of the Bank and transferred to it in the prescribed manner; guarantees and obligations to fully cover risks must be direct and unconditional, i.e., not contain any additional conditions limiting their application.	20%	50%	100%	100%	150%	150%

If the criteria listed in Appendix 1 of the Regulation on Requirements for the Adequacy of Capital of Commercial Banks (registration number 2693, July 6, 2015) are met, these requirements do not apply.

Rating assessments of other rating companies established by the Central Bank of the Republic of Uzbekistan, equal to this level of assessment.

(Appendix 2 was introduced on the basis of Decision No. 28/22 of the Board of the Central Bank of the Republic of Uzbekistan dated January 11, 2021 (registration number 2693-7, February 13, 2021) — National Database of Legislation, February 13, 2021, No. 10/21/2693-7/0116)

To the Regulation on Requirements for the Adequacy of Capital of Commercial Banks
APPENDIX 3

Risk weights for mortgage loans granted to the population until July 1, 2024*

(The name of Appendix 3 is in the edition of the Decision No. 42/14 of the Board of the Central Bank of the Republic of Uzbekistan dated January 31, 2024 (registration number 2693-12, February 27, 2024) — , February 28, 2024, No. 10/24/2693-12/0162 — effective from March 29, 2024)


Description	Loan-to-Value Ratio (LTV)
LTV < 50%	50% < LTV < 75%	75% < LTV < 100%	LTV > 100%
Risk Weight	35%	50%	100%	150%

If the criteria listed in Appendices 1 and 2 of the Regulation on Requirements for the Adequacy of Capital of Commercial Banks (registration number 2693, July 6, 2015) are met, these requirements do not apply.

Calculated in accordance with Chapter 6 of the Regulation on the Limit Conditions for Granting Mortgage Loans to the Population (registration number 3269, June 30, 2020).

(Appendix 3 is in the edition of the Decision No. 8/11 of the Board of the Central Bank of the Republic of Uzbekistan dated March 28, 2023 (registration number 2693-10, April 5, 2023) — , April 5, 2023, No. 10/23/2693-10/0196 — effective from May 6, 2023)

To the Regulation on Requirements for the Adequacy of Capital of Commercial Banks
APPENDIX 4

Risk weights for loans granted to individuals for purchasing vehicles from August 20, 2023, to July 1, 2024*

(The name of Appendix 4 is in the edition of the Decision No. 42/14 of the Board of the Central Bank of the Republic of Uzbekistan dated January 31, 2024 (registration number 2693-12, February 27, 2024) — , February 28, 2024, No. 10/24/2693-12/0162 — effective from March 29, 2024)


Description	Loan-to-Value Ratio (LTV)
LTV ≤ 75%	75% < LTV < 100%	LTV ≥ 100%
Risk Weight	100%	150%	200%

If the Regulation on Requirements for the Adequacy of Capital of Commercial Banks (registration number 2693, July 6, 2015):

1 and Appendix 2 criteria are met, these requirements do not apply;

when applying this Appendix and risk weighting based on the annual interest rate, the highest resulting value is taken into account.

The collateral-to-loan ratio coefficient for a loan granted to an individual for purchasing a vehicle is calculated through the ratio of the loan amount to the collateral value, where:

loan amount — includes the unrecovered balance of the loan granted to an individual for purchasing a vehicle;

vehicle collateral value — the price agreed in the collateral contract.

(Appendix 4 was introduced on the basis of Decision No. 14/7 of the Board of the Central Bank of the Republic of Uzbekistan dated June 6, 2023 (registration number 2693-11, July 18, 2023) — , July 19, 2023, No. 10/23/2693-11/0493)

[See previous](/docs/2699536?ONDATE=13.02.2021 00#5305301) edition.

(Appendix 4 loses its force from May 6, 2023, on the basis of Decision No. 8/11 of the Board of the Central Bank of the Republic of Uzbekistan dated March 28, 2023 (registration number 2693-10, April 5, 2023) — , April 5, 2023, No. 10/23/2693-10/0196)

[See previous](/docs/2699536?ONDATE=13.02.2021 00#5305315) edition.

(Appendix 5 loses its force from May 6, 2023, on the basis of Decision No. 8/11 of the Board of the Central Bank of the Republic of Uzbekistan dated March 28, 2023 (registration number 2693-10, April 5, 2023) — , April 5, 2023, No. 10/23/2693-10/0196)

[See previous](/docs/2699536?ONDATE=13.02.2021 00#5305336) edition.

(Appendix 6 loses its force from May 6, 2023, on the basis of Decision No. 8/11 of the Board of the Central Bank of the Republic of Uzbekistan dated March 28, 2023 (registration number 2693-10, April 5, 2023) — , April 5, 2023, No. 10/23/2693-10/0196)

To the Regulation on Requirements for the Adequacy of Capital of Commercial Banks
APPENDIX 5

Risk weights for mortgage loans granted to individuals starting from July 1, 2024*


Description		Debt Burden Indicator (DBI) of Individuals
DBI ≤ 60%***	DBI > 60%*** or DBI cannot be determined
Loan-to-Value Ratio (LTV)	LTV < 50%	35%	50%
50% ≤ LTV < 75%	50%	100%
75% ≤ LTV < 100%	100%	150%
LTV ≥ 100%	150%	150%

If the criteria listed in Appendices 1 and 2 of the Regulation on Requirements for the Adequacy of Capital of Commercial Banks (registration number 2693, July 6, 2015) are met, these requirements do not apply.

The Debt Burden Indicator of Individuals is calculated in accordance with the Regulation on Macroprudential Normatives Established for Banks and Requirements for Maximum Values of Payments on Loans (Microloans) Granted by Them (registration number 3618, April 22, 2025).

(Note 2nd paragraph is in the edition of the Decision No. 12/4 of the Board of the Central Bank of the Republic of Uzbekistan dated June 13, 2025 (registration number 2693-14, July 21, 2025) — , July 22, 2025, No. 10/25/2693-14/0639. Effective date — July 24, 2025)

This indicator will be 50 percent starting from January 1, 2025.

Calculated in accordance with Chapter 3 of the Regulation on Macroprudential Normatives Established for Banks and Requirements for Maximum Values of Payments on Loans (Microloans) Granted by Them (registration number 3618, April 22, 2025).

(Note 4th paragraph is in the edition of the Decision No. 12/4 of the Board of the Central Bank of the Republic of Uzbekistan dated June 13, 2025 (registration number 2693-14, July 21, 2025) — , July 22, 2025, No. 10/25/2693-14/0639. Effective date — July 24, 2025)

To the Regulation on Requirements for the Adequacy of Capital of Commercial Banks
APPENDIX 6

Risk weights for loans granted to individuals for purchasing vehicles starting from July 1, 2024*


Description		Debt Burden Indicator (DBI) of Individuals
DBI ≤ 60%***	DBI > 60%*** or DBI cannot be determined
Loan-to-Value Ratio (LTV)	LTV ≤ 75%	100%	150%
LTV > 75%	150%	200%

If the criteria listed in Appendices 1 and 2 of the Regulation on Requirements for the Adequacy of Capital of Commercial Banks (registration number 2693, July 6, 2015) are met, these requirements do not apply, except for the criteria listed in positions 102 and 103 of Appendix 1.

This indicator will be 50 percent starting from January 1, 2025.

The collateral-to-loan ratio coefficient for a loan granted to an individual for purchasing a vehicle is calculated in accordance with Chapter 3 of the Regulation on Macroprudential Normatives Established for Banks and Requirements for Maximum Values of Payments on Loans (Microloans) Granted by Them (registration number 3618, April 22, 2025).

[See previous](/docs/2699536?ONDATE=29.03.2024 00#6823089) edition.

(The date of issuance of the fifth paragraph of the note part is July 24, 2025, on the basis of Decision No. 12/4 of the Board of the Central Bank of the Republic of Uzbekistan dated June 13, 2025 (registration number 2693-14, July 21, 2025) — , July 22, 2025, No. 10/25/2693-14/0639)

[See previous](/docs/2699536?ONDATE=29.03.2024 00#7676761) edition.

(The date of issuance of the sixth paragraph of the note part is July 24, 2025, on the basis of Decision No. 12/4 of the Board of the Central Bank of the Republic of Uzbekistan dated June 13, 2025 (registration number 2693-14, July 21, 2025) — , July 22, 2025, No. 10/25/2693-14/0639)

(Collected Acts of Legislation of the Republic of Uzbekistan, 2015, No. 27, Article 360; 2017, No. 27, Article 632, National Database of Legislation, October 23, 2017, No. 10/17/2693-2/0167; National Database of Legislation, April 26, 2018, No. 10/18/2693-3/1099, December 28, 2018, No. 10/18/2693-4/2387, March 7, 2019, No. 10/19/2693-5/2722, December 25, 2019, No. 10/19/2693-6/4195; February 13, 2021, No. 10/21/2693-7/0116, , July 28, 2021, No. 10/21/3313/0724, December 10, 2021, No. 10/21/2693-8/1151; March 18, 2023, No. 10/23/2693-9/0155; April 5, 2023, No. 10/23/2693-10/0196; June 12, 2023, No. 10/23/3442/0359; July 19, 2023, No. 10/23/2693-11/0493; February 28, 2024, No. 10/24/2693-12/0162; April 22, 2025, No. 10/25/2693-13/0369; July 22, 2025, No. 10/25/2693-14/0639)

Approval of the Regulation on Requirements for the Adequacy of Commercial Bank Capital

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