What Ipak Yuli Bank does

Ipak Yuli Bank (legal name: «Ipak Yo'li» AITB) is a privately held joint-stock commercial bank founded in 1990 and headquartered in Tashkent, Uzbekistan. Operating under License No. 10 from the Central Bank of Uzbekistan (issued December 25, 2021), the bank serves more than 2 million customers through 17 physical branches and a digital banking platform anchored by the Ipak Yuli Mobile app (rated 4.8 stars). It held a 2.03% market share among Uzbek commercial banks as of H1 2021 (ranked 13th by activity scope) and carries B1 / B / UzA+ credit ratings from Moody's, Fitch, and Ahbor-Reyting respectively, all with Stable outlooks.

The product portfolio spans retail, SME, and corporate banking. Retail offerings include a tiered card suite (co-branded Visa PUBG MOBILE and Woman Card, plus Visa Infinite, Visa Platinum, Mastercard World Elite, and the Imkoniyatlar credit card with a 55-day interest-free period), collateral-free online microloans up to 100 million UZS at 30.9% annual, education loans, mortgages (up to 1.5B UZS at 23-24.9% or up to 3.42B UZS under the Nur product at 18-19%), auto loans (Hyundai, Voyah, FOTON), and 0% installment plans (e.g., Asialuxe Travel up to 80M UZS). Corporate and SME offerings include trade finance (Tradeloan, factoring, letters of credit), leasing up to 500M UZS, and DFI-supported MSME programs. The technology stack is digital-first: OneID government e-identification integration, QR payment acceptance, internet acquiring, Garmin Pay (Feb 2026), and connections to UZCard, HUMO, Visa, and Mastercard networks.

Revenue is generated from net interest income on the consumer, mortgage, microloan, and business loan book, plus transaction fees on cards, transfers, FX, and trade finance, with additional income from merchant acquiring and ESG-linked programs. The shareholder base includes the Asian Development Bank (since 2013, its first Central Asia investment) and impact investors DEG and Triodos Investment Management (joint ~$25M equity in mid-2020), complemented by debt facilities from Finnfund ($15M, 2023), IFC ($10M, 2023), EBRD ($20M, 2024), OPEC Fund ($30M, 2024), JICA (2025), and a $75M ITFC trade finance line (2026). In 2026, the bank joined the Global Alliance for Banking on Values as the first Uzbek member and launched She's Next, a Visa-powered women's entrepreneurship program with a $22,000 grant pool, alongside an announced CEO transition.

Name

Ipak Yuli Bank

Legal name

«Ipak Yo'li» AITB (Aksiyadorlik Innovatsiya Tijorat Banki)

Website

https://ipakyulibank.uz

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Ipak Yuli Bank is a Tashkent-headquartered Uzbek commercial bank founded in 1990, serving 2M+ retail, SME, and corporate customers through 17 branches and a mobile app. It offers cards, microloans, mortgages, auto loans, and trade finance, backed by DFI shareholders including ADB, DEG, Triodos, and Finnfund.

Ownership category

akta.pro rank

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices17 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Net Interest Income: Interest income from lending activities including consumer loans, mortgages (up to 1.5B UZS, 23% annual rate), microloans (30.9% annual rate), auto loans (0% promotional rates), and business loans. Interest expense paid on deposits.
2. Fee and Commission Income: Fees from card issuance and maintenance, ATM transactions, wire transfers, trade finance operations, currency exchange, and account management services. Cards include Visa PUBG MOBILE, Woman Card, Imkoniyatlar credit card.
3. Digital Banking Services: Revenue from internet banking subscriptions, mobile app premium features, QR payment processing for merchants, and merchant acquiring services.
4. Trade Finance: Revenues from Tradeloan international trade financing, factoring, and letters of credit for corporate clients.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Ipak Yuli Bank is a joint-stock commercial bank headquartered in Tashkent, Uzbekistan, providing retail banking (cards, deposits, consumer loans, mortgages), corporate and SME banking (corporate cards, business loans, trade finance, factoring, leasing), and digital banking services through its Ipak Yuli Mobile app and internet banking platform. The bank operates 17 physical branches across Uzbekistan, serves 2,000,000+ customers, and supports financial inclusion for women entrepreneurs, youth, and MSMEs through targeted programs and partnerships with EBRD, IFC, Finnfund, and Visa.

Product overview

Ipak Yuli Bank is a 35-year-old commercial bank headquartered in Tashkent, Uzbekistan, offering a comprehensive suite of banking products organized into retail banking (cards, loans, deposits), business banking (corporate cards, trade finance, business loans), and mobile/internet banking platforms. The core product is the dual Ipak Yuli Mobile app serving both retail and business customers. The card portfolio includes co-branded offerings (Woman Card, Visa PUBG MOBILE), premium cards (Visa Infinite, Visa Platinum, Mastercard World Elite), and corporate cards. Credit offerings span consumer loans (online microloans, education loans), mortgages (Nur mortgage, standard mortgage), auto loans (Hyundai, Voyah, FOTON, Leapmotor, Aito, GAC), business financing, and installment payment plans. Payment solutions include QR payments, internet acquiring, and international trade financing. The bank maintains 17 branches across Uzbekistan and operates ESG initiatives including TashkentRide eco-transport and She's Next women's entrepreneurship support.

Differentiator

Problem solved

Functional benefit

Brands

• Ipak Yuli Mobile: Mobile banking application for iOS and Android providing financial services including fund transfers, deposits, and payments.
• Ipak Yuli Business
• Woman Card
• Visa PUBG MOBILE Card
• Imkoniyatlar Kartasi
• TashkentRide

Products and services

• Ipak Yuli Mobile App Mobile banking application for retail (physical persons) and business (legal entities) customers enabling account management, card applications, microloans, transfers, deposits, and 24/7 customer support. Rated 4.8 stars.
• Internet Banking Online banking platform accessible at e-bank.ipakyulibank.uz for account management, payments, and financial operations.
• Woman Card Co-branded Visa debit card targeting women with up to 55% discounts at partner merchants, free issuance, zero minimum deposit, and free transfers within Ipak Yuli Bank.
• Visa PUBG MOBILE Card Co-branded Visa card for gamers offering UC (Unknown Cash) rewards on purchases, 40,500 UC grand prize, and monthly prize pool of 328,520 UC across 1,225 winners.
• Imkoniyatlar Credit Card Credit card with limit up to 100 million UZS, 55-day interest-free period, and 0.5% cashback on all purchases including those from personal funds. No issuance or maintenance fee.
• Visa Infinite Sum Card Premium Visa card offering business lounge access, concierge services, and worldwide acceptance for high-net-worth retail customers.
• Visa Platinum Sum Card Premium Visa card designed for travel and everyday convenience with commission-free purchases.
• Mastercard World Elite Currency Card Premium Mastercard currency card offering worldwide premium benefits and exclusive privileges with free issuance and service.
• Visa Platinum Business Card Corporate Visa card designed for business travel, online payments, and daily business expenses with premium benefits.
• Visa Business Card Business Visa card for managing corporate expenses and business payments.
• Online Microloan Collateral-free and guarantor-free quick consumer loan up to 100 million UZS for 36 months. Applied via mobile app with funds transferred to wallet within minutes at 30.9% annual rate.
• Education Loan Loan for tuition payment at Uzbekistan higher education institutions, up to 50 million UZS for 3 years at 24.9% annual rate. Funds transferred directly to the educational institution.
• Nur Mortgage Specialized mortgage product for apartments in the Nur residential complex. Starting down payment 15%, rates 18-19% depending on term, up to 3.42 billion UZS for 10 years.
• Standard Mortgage (Ipoteka) General mortgage for primary or secondary market property purchase. Down payment 25-50%, rates from 23% annual, up to 1.5 billion UZS for 10 years.
• Asialuxe Travel Installment Interest-free (0% annual) installment payment plan for Asialuxe Travel packages up to 80 million UZS over 6 months, bundled with complimentary Visa Platinum card.
• Prime Premium USD Deposit USD-denominated fixed deposit with 6% annual rate for 24 months, monthly interest payments, minimum 1,000 USD, no partial withdrawal allowed.
• QR Payment Acceptance Unified QR code payment acceptance solution for businesses enabling quick and convenient payment collection via single QR code with easy setup.
• Internet Acquiring Online payment acceptance solution for business websites enabling e-commerce transactions.
• Tradeloan International trade financing for import/export transactions, starting from $50,000 up to $1,095,000 per trade deal for corporate clients.
• Factoring Trade finance solution for receivables, up to 180 days term, with interest rates starting from 1% monthly.
• Hamroh Credit Preferential financing product for women entrepreneurs, providing credit up to 25,000 times the base minimum unit for 84 months.
• Business Express Credit Long-term business financing product up to $500,000 for 120 months with flexible use for general business purposes.
• Leasing Equipment and machinery leasing product with installment payments up to 500 million UZS starting from 60-month terms.
• Hyundai Auto Credit Auto loan for Hyundai vehicles at 0% annual rate, up to 950 million UZS for 60 months, available through authorized dealers.
• Voyah Auto Credit Auto loan for Voyah vehicles at 0% annual rate, up to 950 million UZS for 24 months, available through authorized dealers.
• FOTON Auto Credit Auto loan for FOTON commercial vehicles up to $1 million for 48 months, designed for fleet renewal by businesses.

Named customers5 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

AI capability2 records

Feature4 records

Partnerships

Nine partnerships are on record, tiered minor, flagship and core.

• YTTB (Yangi Texnologik Ta'lim Buzilishi)minorStrategic or Co-development Partner · 16 April 2026Joined YTTB Trade Promotion Program to support export-oriented businesses and international trade.
• Global Alliance for Banking on Values (GABV)flagshipStrategic or Co-development Partner · 9 April 2026Ipak Yuli Bank became the first bank in Uzbekistan to join GABV, committing to values-based banking principles and sustainable finance.
• VisaflagshipGTM or Marketing Partner · 3 April 2026Launched She's Next women's entrepreneurship program in Uzbekistan during Visa Fashion Week Tashkent. Program offers online educational modules and $22,000 grant pool across three categories (established business, early-stage, IT business).
• Ministry of Digital Technologies (Uzbekistan)coreStrategic or Co-development Partner · 3 April 2026Government partner for She's Next program supporting women entrepreneurs in Uzbekistan.
• HamrohcoreStrategic or Co-development Partner · 3 April 2026Women's entrepreneurship development organization partnering on She's Next program and providing preferential financing for women entrepreneurs.
• Asian Book House PublishingminorStrategic or Co-development Partner · 5 January 2026Green Generation ESG project partnership for children's environmental education initiative 'Heroes of the Era'.
• Qahramonlar Davri Children's Eco-MovementminorStrategic or Co-development Partner · 5 January 2026Green Generation ESG project partnership for children's environmental education.
• q.wattcoreStrategic or Co-development PartnerPartnership for TashkentRide platform - sustainable green transport initiative integrating e-bikes, powerbanks, and charging infrastructure with banking services. ESG-focused initiative supporting 'green' economy development.
• EBRD (We-Finance Code Program)coreStrategic or Co-development PartnerInternational initiative providing financing, education, and advisory services to support women entrepreneurs, implemented in partnership with YETTB.

Scale indicators8 records

Recent moves6 records

Expansion highlights7 records

Market position

Weaknesses5 records

Competitive moat6 records

Customer concentration

• Facebookfacebook.com/ipakyulibankuz
• LinkedInlinkedin.com/company/ipak-yuli-bank
• Instagraminstagram.com/ipakyulibank

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds5 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ipak Yuli Bank