03 September 2026

Practical Implementation of Securitization and Key Priorities Discussed

The Company, in cooperation with the National Agency of Perspective Projects of the Republic of Uzbekistan (NAPP), held a roundtable discussion dedicated to the practical implementation of securitization and the key priorities for the next stages of its development.

During the event, participants discussed key issues related to the implementation of securitization mechanisms, including:

• legal aspects;
• regulatory and taxation matters;
• market development and infrastructure.

The roundtable brought together representatives of participating commercial banks, the Central Bank, the Ministry of Finance, the Ministry of Justice, the Cadastre Agency, the Central Securities Depository, the Tashkent Republican Stock Exchange, and international financial institutions.

At the conclusion of the event, participants reviewed matters related to reaching an agreement on a roadmap for the further development of securitization.

The discussion contributed to strengthening cooperation among stakeholders, addressing practical implementation challenges, and identifying the next steps towards advancing securitization mechanisms.

For the first time in Uzbekistan, a securitization mechanism was introduced into practice as part of the Company's pilot project. Under this initiative, mortgage bonds totaling UZS 200.88 billion, issued by UMRC SPV LLC, were placed on the Tashkent Republican Stock Exchange with the participation of five commercial banks.