Tashkent, Uzbekistan (UzDaily.com) — Starting from 1 May 2025, banks that are more than 50% state-owned, as well as investment companies affiliated with them, will be allowed to sell unsold assets directly at market prices. This is outlined in a presidential decree signed on 15 April.

The decree concerns assets transferred to banks’ balance sheets to settle debts from loans and other obligations. These assets will be allowed to be sold at market value using various financial mechanisms such as credit agreements, installment payments, leasing, and more.

It is expected that this new measure will accelerate the sale of approximately 3,000 inactive real estate properties worth 6.5 trillion soums, free up bank resources, and create about 150,000 jobs. These goals were outlined during a meeting with the president on December 16, 2024.

Banks will also be allowed to sell inherited assets, such as buildings and equipment, as ready-to-operate businesses.

Investors will be able to restart suspended production through investment structures associated with banks.

To speed up judicial processes for debt recovery, starting September 1, 2025, thresholds for cases to be considered in simplified procedures will be raised:

For legal entities — up to 150 BRT (56.25 million soums);

For individual entrepreneurs — up to 100 BRT (37.5 million soums);

For individuals — up to 50 BRT (18.75 million soums).

Additionally, the procedure for transferring unsold property to creditors will be simplified.

According to the draft law, which is expected to be presented to the Legislative Chamber within two months:

All property restrictions will be lifted based on the decision of the state executor;

Such a decision will serve as the basis for registering property rights for the new owner;

The previous owner (debtor) will retain all obligations related to the property unless the creditor agrees to assume them.