The Chairman of the Central Bank, Mamaryzo Nurmuratov, commented on the new restrictions regarding online loans. He made this statement on October 31 during a press conference, as reported by a Spot correspondent.
From November 1 to April 1, 2025, a temporary procedure for processing loans through mobile applications will be implemented in Uzbekistan to combat suspicious transactions. When applying for a loan, citizens will be required to undergo biometric identification.
The head of the regulator clarified that after the temporary procedure ends, restrictions on online loan issuance will remain in place. Over the next five months, the Central Bank plans to refine and test mechanisms that will establish the foundation for online payments and transfers.
“We have overly liberalized the digital market for banking services (online banking — editor's note),” Nurmuratov summarized.
The Chairman of the Central Bank emphasized that the main goal is the safety and security of citizens' funds. In addition to the income of payment organizations and banks, he highlighted the necessity of ensuring the preservation of funds.
Earlier, Spot reported that the Central Bank sees pro-inflationary risks in the supply of energy resources and certain goods.