Uzbekistan Opens Banking Sector to Foreign Investors

Tashkent moves ahead with privatisation of state banks – a milestone for financial-sector investors and for trade finance conditions.

Uzbekistan has approved the sale of majority stakes in two state-owned banks to strategic foreign investors. Analysts expect improved correspondent-banking relationships and cheaper trade finance for importers of Swiss goods.

Why it matters

Financing has been one of the main bottlenecks for Swiss exporters in the region. A more open banking sector should shorten payment cycles and reduce guarantee costs.