Uzbekistan will establish a registry of individuals who will be ineligible for loans.

In Uzbekistan, the process of granting loans will be modified, reports the Central Bank's press service.

Lawmakers have reviewed and approved in the first reading a draft law aimed at providing additional protection for citizens against illegal actions by offenders during the loan provision process to individuals.

As a result, a registry of individuals prohibited from obtaining loans will be established in the country. Additionally, citizens will not be able to finalize any agreements without direct involvement or notification by submitting a request to the credit bureau related to the loan agreement processing.

The minimum charter capital for credit bureaus will now be set at 2 billion sums. Furthermore, the Central Bank will have the authority to impose measures and sanctions on credit bureaus for violations.

It is anticipated that this will enable individuals to prevent the conclusion of loan agreements without their knowledge or consent, as individuals will now be able to submit a request to the credit bureau to prohibit the conclusion of loan agreements with them.

Earlier, the Central Bank announced that commercial bank call centers in Uzbekistan will now operate 24/7 to handle reports of lost cards or their improper use.

In addition, a special structure will be created in banks to address customer inquiries, with staff dedicated to thoroughly examining all complaints and regulating their resolution.

It is worth noting that Uzbeks have started to take out more microloans and loans. The peak of loan issuance occurred in June 2024.