Sanoat Qurilish Bank

What Sanoat Qurilish Bank does

Sanoat Qurilish Bank (SQB), also known as O'zsanoatqurilishbank or Uzpromstroybank, is a privately held universal commercial bank headquartered in Tashkent, Uzbekistan, whose history dates to 1922, making it one of the country's oldest financial institutions. The bank operates a Central Bank of Uzbekistan license (No. 17, issued December 25, 2021) and serves four primary customer segments: retail individuals, micro and small businesses, medium and large corporates, and agricultural clusters. Its distribution footprint spans 19+ Credit Banking Units (CBUs) and Branch Head Offices across all major Uzbek regions including Tashkent, Andijan, Fergana, Samarkand, Bukhara, Nukus, Navoi, Termez, and Karakalpakstan, with select branches operating on Saturdays and Sundays.

SQB's product portfolio is comprehensive and segmented: retail offerings include deposits (Ishonchli daromad in UZS and USD, Maqsadli sarmoya, Kafolat-3), mortgages (Imkon Ipoteka, Hamkor Ipoteka, Mulk, Exclusive, Yangi Toshkent — at least 12 products), auto loans (0% down payment on UzAuto vehicles), microloans (MikroMadad, BNPL/Qadam, Yosh tadbirkor, Agroko'makchi), and a premium card stack (Visa Infinite, Mastercard World Elite, UnionPay Diamond). For corporates, SQB provides working capital and investment facilities, Global Limit credit packages, Online Revolver, Islamic financing, trade finance, investment banking (IFRC, brokerage, bookrunner, equity underwriting), and a dedicated Department of Coordination of Agro-Industrial Clusters. Sustainable finance products include SME Green Loan, Corporate Green Loan, and Green Energy Microloan. Digital infrastructure is built on SAP ERP with proprietary platforms SQB Mobile (retail), SQB Business (corporate), iBank, SQB Oltin (electronic gold trading, 1 gram minimum), and Payments 24/7 — the first 24/7 online international settlement service in Uzbekistan, with SWIFT Transaction Screening and Payment Controls.

SQB's revenue model is dominated by net interest income from its lending book (mortgages, consumer loans, MSME, corporate, agricultural) supplemented by transaction fees (account maintenance, SWIFT/international transfers, card operations, currency exchange, bank safe rentals, merchant acquiring). Customer deposits in UZS and USD provide the primary funding base. Capital is augmented by EBRD on-lending facilities ($50M in 2022, $25M in 2023, $50M in 2026) and a GGGI facility in 2024, primarily for SME and youth-led MSME credit. The bank is undergoing state-share privatization (tenders issued from 2023 onward) and is positioning itself as a channel partner for international development finance — including EBRD's Youth in Business program, which targets entrepreneurs under 35 (over 61% of Uzbekistan's population). Marketing is multi-channel: a 24/7 contact center (1180/1338) handling ~81,000–83,000 calls monthly, social media (Facebook, Telegram, Instagram, YouTube), a dedicated anti-corruption hotline, and a virtual customer reception system.

Name

Sanoat Qurilish Bank

Legal name

O'zsanoatqurilishbank ATB

Website

https://sqb.uz

Company type

Private

Founded year

1922

Operating status

Operating

Headcount range

11–50 employees

Short description

Sanoat Qurilish Bank (SQB) is a 100-year-old universal commercial bank headquartered in Tashkent, Uzbekistan, serving retail individuals, micro and small businesses, medium/large corporates, and agricultural clusters through 19+ branches and proprietary digital platforms (SQB Mobile, SQB Business).

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), SME Cash Management & Payments (Merchant, ACH/Wires, Payroll) (FSABABAD), SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), Islamic Corporate Banking (FSABAGAC), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF)

Keywords

• Retail banking services
• Corporate banking
• Mortgage lending
• SME financing
• Digital banking

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices19 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income from Lending: Primary revenue from interest charged on credit products including mortgages, consumer loans, auto loans, microloans, SME loans, and corporate financing.
2. Fee and Commission Income: Fees from account maintenance, money transfers (SWIFT, international), card operations, SMS banking, currency exchange, bank safe rental, and payment processing.
3. Deposit Interest Payments: Bank pays interest on customer deposits (UZS and USD denominated) as a cost, with deposits serving as a funding source for lending operations.

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Sanoat Qurilish Bank (SQB) is a universal commercial bank in Uzbekistan offering retail banking (deposits, consumer loans, microloans, mortgages, auto loans, premium and instant-issue cards), MSME banking (RKO, business deposits, SME credits, Islamic financing, merchant acquiring), and corporate banking (working capital, investment project financing, trade finance, IFRC investment banking services, and green/sustainable finance). The bank also provides digital channels — SQB Mobile app, SQB Business internet banking, Payments 24/7 for international SWIFT settlements, and SMS-banking — alongside a nationwide branch network and dedicated contact center.

Product overview

Sanoat Qurilish Bank (SQB) operates as a universal commercial bank with a comprehensive product portfolio organized across four primary customer segments: individuals (retail banking), micro and small business (MSME banking), medium and large corporations (corporate banking), and sustainable finance. The retail offering spans savings and time deposits (Ishonchli daromad in UZS/USD, Maqsadli sarmoya, Kafolat-3), consumer loans (Yangicha, Premium Nasiya), microloans (MikroMadad, BNPL/Qadam, Yosh tadbirkor, Agroko'makchi), mortgages (Imkon Ipoteka, Hamkor Ipoteka, Mulk Ipoteka, Exclusive Ipoteka, Yangi Toshkent), auto loans (Uzavto-Imkon, Avto imkon), and premium banking cards (Visa Infinite, Mastercard World Elite, UnionPay Diamond). The MSME segment includes SME Green Loans, credit lines, Islamic financing, and business deposits (SWEEP, Online). Corporate clients access working capital financing, investment project loans, green energy microloans, Global Limit credit packages, IFRC investment banking services, and brokerage. Digital banking infrastructure centers on SQB Mobile (mobile app) and SQB Business (internet banking platform) as the primary channels, supplemented by Payments 24/7 for international settlements, SMS-Banking for account monitoring, and SQB Oltin for digital gold trading. The bank also offers merchant services (internet acquiring, POS terminals) and a Telegram-based online store for entrepreneurs.

Differentiator

Problem solved

Functional benefit

Products and services

• SQB Mobile Mobile banking application enabling customers to access account management, microloans, payments, card controls, currency exchange, and cashless transactions 24/7 from their smartphones.
• SQB Business Internet Banking Corporate internet banking platform providing account management, payment processing, currency operations, gold trading (SQB Oltin), and SME financing for businesses 24/7.
• Payments 24/7 Round-the-clock online payment service for legal entities with foreign currency accounts, enabling international payments via SWIFT with compliance screening.
• SMS-Banking SMS-based remote banking service enabling clients to monitor account balances, incoming/outgoing transactions, and receive bank news via mobile phone.
• SQB Oltin (Gold Trading) Online service for buying and selling electronic gold (minimum 1 gram) through SQB Business platform 24/7, with prices set daily by the bank.
• Gold Bars (Oltin quymalar) Physical gold bar purchase service for investors seeking tangible precious metal investments.
• Ishonchli daromad Deposit (UZS and USD) Uzbekistan Som-denominated and US Dollar-denominated savings deposits offering annual returns for individual clients.
• MikroMadad Microloan Microloan product designed for small borrowers with quick disbursement through the SQB Mobile app.
• BNPL (Qadam) Microloan Buy Now Pay Later microloan product allowing installment purchases through the bank's digital channels.
• Yangicha Consumer Credit Consumer loan product for personal financing needs with flexible repayment terms.
• Imkon Ipoteka Mortgage Affordable mortgage loan product for purchasing residential property with extended repayment periods.
• Uzavto-Imkon Auto Loan Auto financing program offering 0% initial payment for UzAuto vehicles including Labo, Damas, Captiva, Tracker, and Onix models through official dealers.
• Visa Infinite Card Premium Visa credit card offering exclusive privileges and premium banking services for high-net-worth clients.
• Mastercard World Elite Card Top-tier Mastercard credit card providing exclusive benefits and services for premium banking customers.
• UZCARD Moment (Instant) Card Instant issuance debit card available without documentation through online registration, with immediate add-to-wallet functionality.
• Yosh tadbirkor (Young Entrepreneur) Credit Specialized microloan product targeting young entrepreneurs for business startup and development financing.
• SME Green Loan Specialized green loan product for small and medium enterprises supporting environmentally sustainable business projects.
• Online Revolver Corporate Credit Revolving credit facility for medium and large corporate clients to finance working capital replenishment with flexible drawdown.
• Global Limit Credit Package Universal loan package offering a comprehensive credit limit for medium and large businesses with multiple financing needs.
• IFRC Investment Banking Services Investment banking and consulting services including financial advisory, market analysis, and strategic consulting for corporate clients.
• SWEEP Business Deposit Time deposit product for businesses with automatic fund sweeping functionality for optimal cash management.
• Internet Acquiring Online payment acceptance solution for merchants enabling e-commerce transactions and digital sales processing.
• Telegram Bot for Entrepreneurs Ready-made online store solution integrated with Telegram messenger for entrepreneurs to sell products and services.
• Green Energy Microloan Microloan product for purchasing solar panels to support renewable energy adoption in residential and commercial settings.

Quantifiable outcome

• Up to $50M in SME financing available to youth-led businesses through EBRD Youth in Business program

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• National Bank of Uzbekistan (NBU): Uzbekistan's largest state-owned commercial bank, directly comparable as a universal bank serving retail, SME and corporate segments across the country with an even larger branch footprint.
• Asaka Bank: Another large Uzbek state-owned commercial bank offering universal retail, SME and corporate banking; directly overlaps with SQB in product portfolio and customer segments in Uzbekistan.
• Ipoteka Bank: Uzbek mortgage-focused bank also serving retail and SME segments; competes directly with SQB's Imkon Ipoteka and similar mortgage products, and was a co-signatory with EBRD in 2026 refinancing agreements.
• Hamkorbank: One of Uzbekistan's largest privately-held universal banks offering retail deposits, SME lending, and digital banking through the Hamkor Mobile app — a comparable digital + branch hybrid.
• Qishloq Qurilish Bank (Qqbank): Uzbek state-owned bank focused on rural and agricultural lending, overlapping with SQB's agro-cluster financing department and microloan products for individuals and farmers.
• Kapitalbank: Major Uzbek universal commercial bank with strong corporate banking franchise and growing digital presence; directly competes with SQB for medium/large corporate and retail clients.

Broad incumbents

• Halyk Bank: Kazakhstan's largest universal bank and Central Asian incumbent; provides a regional benchmark for state-owned retail/SME/corporate banking and digital transformation at SQB's scale.

Regional players

• TBC Bank Group: Leading Georgian universal bank expanding across the Caucasus/Central Asia, comparable as a regionally significant retail and SME-focused commercial bank undergoing digital transformation.

Emerging players

• Kaspi.kz: Kazakhstan's super-app combining payments, marketplace and consumer credit; relevant peer for the digital-first, mobile-centric retail banking trajectory SQB is pursuing via SQB Mobile and SQB Oltin.

Others

• European Bank for Reconstruction and Development (EBRD): Not a competitor but a strategic financial partner and debt provider; relevant as a counterparty shaping SQB's product roadmap via Youth in Business and Mortgage Refinancing Company cooperation.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/sqbuz
• YouTubeyoutube.com/channel/UC3DYBsBUvAUv-_5NBPf81uw
• Facebookfacebook.com/sqbuz
• Instagraminstagram.com/sqbuz?igshid=140fq4jb3dbfh
• LinkedInlinkedin.com/company/hr-sanoatqurilishbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors2 records

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

M&A

Investments1 record

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

Frequently asked questions about Sanoat Qurilish Bank