Direct sale of assets on banks’ balance sheets now permitted in Uzbekistan

In Uzbekistan, the direct sale of assets transferred to banks’ balance sheets due to indebtedness will be permitted, according to a presidential decree signed on April 15 titled “On Measures to Accelerate the Sale of Assets Transferred to Banks' Balance Sheets Due to Indebtedness.”

Starting from May 1, 2025, commercial banks with 50 percent or more state ownership and their affiliated investment companies will be allowed to directly sell such assets at market value, bypassing auctions. These sales may be conducted through credit arrangements, installment plans, leasing agreements, or other transactions permitted by law.

Additionally, banks will be authorized to resume suspended production or service activities using properties and equipment on their balance sheets — such as buildings, machinery, and technology — through their investment companies. These assets may then be sold to potential investors as ready-made businesses.

From September 1, 2025, the maximum claim limits for cases to be reviewed under the simplified legal procedure will be set as follows:

For legal entities: up to 150 times the minimum wage (56,250,000 sums)

For individual entrepreneurs: up to 100 times the minimum wage (37,500,000 sums)

For individuals: up to 50 times the minimum wage (18,750,000 sums)

For your information, the basic calculation amount in Uzbekistan was increased by 10 percent on October 1, 2024, and is now 375,000 sums.