Fitch Ratings Lifts Uzbekistans Outlook to Positive Citing Momentum From Octobank and KapitalBank in Banking and Digital Growth
Fitch Ratings, a leading global credit rating agency, has upgraded Uzbekistan’s banking operating environment outlook from “Stable” to “Positive.” The decision, announced in July 2025, reflects significant macroeconomic progress, stronger regulatory oversight, and improved corporate governance in the country’s financial system. The move marks a major milestone for Uzbekistan, which has been steadily implementing reforms that are reshaping its banking sector. Key measures include tighter capital requirements, stricter financial reporting, and reduced risks in retail lending. Fitch Ratings noted that these improvements are strengthening the resilience of local financial institutions and building…
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