Kapitalbank has reaffirmed its position as one of the leaders of Uzbekistan’s banking sector, demonstrating steady growth across key financial indicators and strong operational efficiency.
Amid ongoing digital transformation in the financial sector and intensifying competition, Kapitalbank concluded 2025 with solid performance across its core metrics. The Bank not only expanded its business volumes but also maintained financial resilience, reflecting a balanced approach to growth and risk management.
Assets and Profit
The Bank’s total assets increased by 21.3%, reaching UZS 57,083.8 billion (USD 4,747.0 million). Net profit rose by 7.2% to UZS 1,938.6 billion (USD 155.8 million), reflecting a well-balanced development strategy and prudent risk management.
Deposits and Client Confidence
Over the year, retail deposits grew by 20.4%, while corporate deposits increased by 22.4%, reaching record levels of UZS 25,747.2 billion (USD 2,141.1 million) and UZS 19,461.6 billion (USD 1,618.4 million), respectively.
The expansion of the deposit base underscores strong client loyalty and the Bank’s financial stability. For the second consecutive year, Kapitalbank has been included in the list of domestic systemically important banks of Uzbekistan.
Loan Portfolio and Asset Quality
The loan portfolio expanded by 16.3%, totaling UZS 36,759.5 billion (USD 3,056.8 million). The share of non-performing loans stood at 4.9%, remaining below the banking sector average. This confirms the Bank’s prudent lending policy and high portfolio quality.
Profitability and Efficiency
ROE: 28.9%
ROA: 3.7%
CIR: 35.8%
These indicators highlight the Bank’s strong operational efficiency and its ability to scale sustainably without compromising quality.
“The results of 2025 confirm the resilience of our business model and the effectiveness of our development strategy. Growth in key financial indicators, sustained high profitability, and a controlled level of credit risk are the outcome of systematic efforts to strengthen capital, enhance operational discipline, and advance technological modernization,” said Kirill Maevsky, Chairman of the Management Board of Kapitalbank. “For us, it is essential not only to demonstrate growth, but also to maintain financial stability and uphold high standards of corporate governance. We view this as a contribution not only to the Bank’s development, but also to the stability of Uzbekistan’s banking system and economy as a whole.”
International Recognition
In 2025, three leading international rating agencies recognized the strength of Kapitalbank’s business model and growing investor confidence:
- S&P Global Ratings upgraded the Bank’s rating from “B+” to “BB-”.
- Moody's Investors Service upgraded its rating to “B1” with a “Positive” outlook.
- Fitch Ratings affirmed the “B” rating and revised the outlook to “Positive”.
According to S&P experts, integration into the Uzum ecosystem provides the Bank with competitive advantages, including expansion of its client base, broader product offerings, and rapid growth in digital services.
Kapitalbank is also actively strengthening its international presence. At Sibos 2025 in Frankfurt, the Bank presented solutions in digital payments, international settlements, and SME support, further enhancing Uzbekistan’s image as a promising partner in the global financial arena.
Plans for 2026
In 2026, Kapitalbank will continue its strategy of sustainable growth, focusing on strengthening financial resilience and expanding business financing. Key priorities will include further development of digital services, enhancement of customer experience, and continued support for small and medium-sized enterprises.
The Bank will also proceed with process optimization and risk management enhancement, reinforcing its role as one of the key participants in Uzbekistan’s banking sector.
