Uzbekistan's Ministry of Finance reported that the 2026 Mortgage Programme has been adopted under a presidential decree and that it has signed a cooperation memorandum with Invest Finance Bank to support delivery of the state programme, increasing the number of participating commercial banks to 16. Under the programme, mortgage loans totalling UZS 12,250.2bn granted by participating banks to 40,121 citizens are to be refinanced from state budget funds. Total state budget subsidies for mortgage lending are set at UZS 2,701.5bn, including a planned UZS 900.0bn to cover part of the down payment for 30,000 citizens purchasing housing. The 9 April 2026 memorandum is intended to create an institutional basis for mobilising state budget resources into the mortgage market under annually approved state mortgage programmes and to define the parties’ rights and obligations.

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