Introduction to New Credit Regulations
The Central Bank of Uzbekistan has introduced new requirements for obtaining loans, aiming to reduce credit risks and limit excessive debt burden on the population. These changes were reported by Podrobno.uz and are part of the regulator’s efforts to stabilize the financial sector.
What are the New Requirements?
The Central Bank’s board has approved amendments and additions to the regulations on macroprudential standards for banks, as well as the maximum amounts for payments on loans and microfinance debts. This decision was registered with the Ministry of Justice on December 18, 2025, under the number 3618-1. One of the key innovations is the introduction of the Debt-to-Income (DTI) ratio, which calculates the ratio of the loan’s principal amount to the borrower’s average monthly income.
How Does the Debt-to-Income Ratio Work?
The DTI ratio applies to consumer loans, microfinance debts, and credit cards, including overdrafts. However, it does not apply to loans provided to individual entrepreneurs or education loans. Under the established requirements, the maximum debt-to-income ratio is as follows:
- If income is confirmed by official documents, it must not exceed eight times the average monthly income.
- If alternative sources are used to assess income, it must not exceed five times the income.
Purpose of the New Regulations
The Central Bank emphasized that these measures aim to reduce credit risks for the banking system and prevent excessive indebtedness of the population. Additionally, other editorial adjustments and clarifications have been made to improve regulation in the consumer lending sector.
Conclusion
In conclusion, the Central Bank of Uzbekistan’s new credit regulations are designed to protect both lenders and borrowers by introducing a more prudent approach to lending. By limiting the amount that can be borrowed based on income, the regulations aim to prevent individuals from taking on too much debt and to reduce the risk of default. These changes are part of a broader effort to promote financial stability and responsible lending practices in Uzbekistan.
