In Q1 2025, Octobank made a powerful statement not only within Uzbekistan but also on the international stage. From record profits and global credit ratings to ESG initiatives and financial literacy programs, the bank is showing rapid growth and ambition worthy of global attention.
Financial Breakthrough: A Record Quarter
Octobank closed the first quarter of 2025 with a net profit of 108.5 billion soums — a 397.5% increase compared to the same period in 2024. For comparison, the bank earned 150.7 billion soums during all of 2024 — meaning the quarterly performance nearly matched the previous annual result.
📊 Additional indicators:
- Assets — 4.1 trillion soums (+42.4% YoY)
- Capital — 873.5 billion soums (+74.3% YoY)
- Non-interest income — over 1.3 trillion soums
Global Credit Ratings: International Confidence
Octobank received credit ratings from two of the world’s largest agencies:
- Moody’s — B3, outlook: Stable
- S&P Global Ratings — B-, outlook: Stable
Both agencies highlighted the bank’s strong financials, capital level, and digital strategy. They noted that the launch of new products and continued client base expansion could lead to higher ratings within 12–18 months.
Uzbekistan’s Leading Acquiring Bank
At the E-commerce Central Asia Expo, Octobank was awarded as the top acquiring bank in Uzbekistan for 2024. This recognition reflects the bank’s systematic efforts to digitize payments and support the online business ecosystem.
Empowering IT Startups for Global Markets
In April 2025, Octobank signed a partnership with Uzbekistan’s IT Park. The bank will provide residents with cross-border payment infrastructure — supporting SaaS developers, gaming services, and startups in expanding globally with fast, secure international transactions.
Brand Valuation — A National First
Octobank became the first Uzbek brand to receive an official market valuation. According to Brand Awards International, the bank’s brand is worth $30 million (388 billion soums at March exchange rate). This demonstrates the effectiveness of investments in branding, service quality, and marketing — serving as an additional asset for investor relations and international positioning.
Media Leadership: Top Mentions in Uzbek Press
According to Index Agency, Octobank ranked among the top five most mentioned private banks in Uzbekistan’s online media from January 1 to March 15, 2025, with 107 professional and news articles (excluding Telegram and social networks). This growth in media activity reflects strong market presence and customer interest.
ESG Projects: Supporting Communities
Octobank launched environmental and social projects in the Nurliyo‘l and Eski Jarariq neighborhoods of Tashkent. Bank employees planted over 150 fruit trees near homes and properties of low-income families. These initiatives are part of the “From Poverty to Prosperity” program, aiming to improve both the environment and local livelihoods.
Financial Literacy for Schoolchildren
In March, Octobank launched a series of financial literacy classes as part of Global Money Week–2025. The first lessons took place in Tashkent’s Schools #110 and #345. In an interactive format, students learned how to budget, save, and understand the banking system.
Conclusion:
Octobank is rapidly evolving from a local player into a digital leader not only in Uzbekistan but across the CIS. Its blend of fintech innovation, social responsibility, and global vision makes it a standout example of modern banking transformation in the region.
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