Forty-six point four percent of citizens reported having no savings for the upcoming period, according to the Central Bank "Consumer Sentiment Survey" for the second quarter of 2026 released on Wednesday.
Despite the high percentage of individuals without personal funds, the Central Bank report highlighted that the population's general propensity to save remains strong. The savings sub-index reached 69.2 points for the quarter, driven by optimistic expectations. Specifically, 64.3% of the nearly 4,100 respondents surveyed in July stated they expect their savings to increase in the future, while 23.3% anticipate no change and 12.4% expect a decline. For those who already possess savings, the longevity of their safety nets across various brackets ranging from under a month to over six months remained stable.
The individual savings gap contrasts sharply with institutional banking data. During the first half of 2026, total population deposit balances surged by 38% year-on-year, and national currency fixed-term deposits grew by 25.6%. By August 1, 2026, total bank deposits hit 482.7 trillion soums, jumping 34% from 360.4 trillion soums in the same period last year. The Central Bank noted this represented an annual expansion of more than 122 trillion soums. Breakdown figures show demand deposits accounted for 142 trillion soums (29%), short-term deposits under one year made up 175.7 trillion soums (36%), and long-term allocations over one year reached 164.94 trillion soums (34%).
The quarterly "Consumer Sentiment Survey" is deployed regularly by the Central Bank to track consumer confidence, behavioral patterns, and institutional capital accumulation across the provinces.
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