The Central Bank of Uzbekistan has ordered commercial banks to recalculate and refund overcharged interest and penalties on problem loans. Spot.uz reports the directive, citing the regulator. The original document was not publicly available at the time of publication.
The requirement applies to debts that already have a court collection order. Under Article 744 of the Civil Code of Uzbekistan, the accrual of new interest and penalties on a debt must be suspended once such a ruling is issued.
The Central Bank’s Banking Supervision Committee obliged bank management to ensure compliance with this rule. Internal audit departments must review all loans with existing court rulings by December 10, 2026.
If an audit reveals a bank continued to charge interest or penalties after a court decision, auditors must report it to the supervisory board and management board. Illegal charges must be canceled, and funds already debited from clients must be refunded as soon as possible.
Banks must report on the work done and the volume of refunded funds by December 25, 2026.
This continues the regulator’s systemic work with credit institutions. Finteqstan previously reported that the Central Bank of Uzbekistan fined six banks and two microfinance organizations in October. Back in January 2026, the regulator noted that late payment penalties reached 150–180% per annum in some cases.