Mikrokreditbank

What Mikrokreditbank does

Mikrokreditbank ATB is a private joint-stock commercial bank headquartered in Tashkent, Uzbekistan, founded in 2006 and operating under Central Bank of Uzbekistan License No. 37 (issued March 2, 2024). It provides commercial banking, online banking, and lending services to individuals, micro and small businesses, and medium and large corporate clients, with a secondary focus on government-designated underserved segments such as women entrepreneurs, social protection beneficiaries, and family businesses. The bank segments its offering horizontally across three product universes — retail, micro/small business, and corporate — and maintains dedicated online onboarding, credit, and deposit products for each.

The bank distributes through a multi-channel network combining a physical branch and ATM presence across Uzbekistan with a digital stack that includes the Mavrid mobile app for retail customers, the MKBANK mobile app for corporate and SME customers (both available on Google Play, App Store, and App Gallery), an internet banking platform at ibank.mikrokreditbank.uz, and SMS banking. Cards are issued across Uzcard, HUMO, Mastercard, Visa, and UnionPay, with card-to-card transfers enabled via Visa Direct and Mastercard MoneySend. The lending portfolio spans microcredit (Ommabop-2 up to 50 million UZS), consumer and auto loans (Komfort for KIA and Chery), SME business credit (Business Online 2 up to 100 million UZS), corporate open credit lines (Erkin PLUS, Comfort overdraft), trade finance, leasing, factoring, bank guarantees, and JICA-funded agricultural credit lines for fruit and vegetable production. Supporting products include deposits, money transfers, currency exchange, gold bars, financial calculators, and an online reception / customer feedback portal.

Mikrokreditbank's business model is a standard net-interest-margin bank with diversified retail, SME, and corporate lending funded by deposits and supplemented by fee and commission income on cards, transfers, and account services. Pricing is not publicly disclosed; interest rates vary by product, term, and borrower profile, and exchange rates are published daily. Revenue depends primarily on interest income from credit products and secondarily on transaction fees, deposit-funded lending, and trade-related commissions. GTM is sales-led through the branch network with rapidly expanding self-serve digital channels. As a regulated financial institution in a tightly supervised market, Mikrokreditbank is a multi-product universal bank with a microfinance heritage rather than a niche specialty lender, and it currently operates exclusively within Uzbekistan.

Name

Mikrokreditbank

Legal name

«Mikrokreditbank» ATB

Website

https://mikrokreditbank.uz

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1–10 employees

Short description

Mikrokreditbank is a Tashkent-based Uzbek joint-stock commercial bank, founded in 2006, offering deposits, credit, cards, and digital banking to individuals, micro/small businesses, and corporate clients across Uzbekistan.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Sales Financing (52222)

SIC

National Commercial Banks (6021), State Commercial Banks (6022), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)

akta.pro secondary industries

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF), Embedded Lending & Credit (POS, Working Capital, Credit Lines) (FSAGALAD)

Keywords

• Commercial banking services
• Microfinance lending
• Retail banking products
• Corporate trade finance
• Payment card services

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income from Credit Products: The bank generates primary revenue through interest income on various credit products including microcredits, consumer loans, auto loans, business loans, and trade finance facilities extended to individuals and businesses
2. Fee and Commission Income: Revenue from banking fees including card maintenance fees, transaction commissions, money transfer fees, and service charges across retail and corporate banking products
3. Deposit Taking: The bank accepts deposits from individuals and businesses, using these funds for lending activities while paying interest to depositors

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Mikrokreditbank is a universal commercial bank in Uzbekistan that provides retail banking, corporate banking, and small business financial services. Its core offerings include payment cards (Mastercard, Visa, Uzcard, HUMO, UnionPay), consumer and business credit products, deposits, money transfers, trade finance, leasing, factoring, bank guarantees, foreign credit lines (including JICA-funded agriculture lending), currency exchange, and gold bar sales, distributed via physical branches, ATMs, mobile apps (Mavrid and MKBANK mobile), and internet banking.

Product overview

Mikrokreditbank is a universal commercial bank in Uzbekistan offering a comprehensive digital banking platform and traditional financial services across three customer segments: retail (individuals), micro and small business, and corporate (medium and large business). The core digital ecosystem consists of Mavrid mobile app for retail customers and MKBANK mobile for business customers, both available on Google Play, App Store, and App Gallery, alongside Internet Banking platforms. The product portfolio spans payment cards (Mastercard, Visa, Uzcard, HUMO, UnionPay), credit products (consumer loans, auto credit, microcredit, business loans, foreign credit lines), deposit products, trade finance, leasing, factoring, guarantees, money transfers, currency exchange, and gold investment. Specialized programs include preferential credit for women entrepreneurs, family business development, JICA agricultural financing, and livestock modernization loans. The bank connects to payment networks (Visa Direct, Mastercard MoneySend) and operates on 1C-Bitrix technology platform.

Differentiator

Problem solved

Functional benefit

Brands

• Mavrid: Mobile banking application for retail (individual) customers providing 24/7 access to banking services.
• MKBANK mobile

Products and services

• Mavrid Mobile Application Mobile banking application for retail (individual) customers providing 24/7 access to banking services including account management, card operations, money transfers, credit applications, currency exchange, and the Ommabop-2 microcredit up to 50 million UZS.
• MKBANK Mobile Application Mobile banking application for business and corporate customers providing internet banking, SMS banking, and full corporate banking services including Business Online 2 credit processing.
• Mastercard Payment Cards Portfolio of Mastercard payment cards including World Black Edition, World Elite, Standard variants, and HUMO-Mastercard co-branded cards serving retail, premium, and corporate customers.
• Visa Payment Cards Portfolio of Visa payment cards including Gold, Platinum, Infinite, and Classic variants for retail and premium customers, with Visa Direct service enabling instant card-to-card transfers at 0% commission for MKBANK Visa cards.
• Uzcard Cards Domestic Uzbekistan payment cards including Uzcard Kids for children's financial education, UZCARD Duo, UZCARD Sherdor, and UZCARD Moment variants.
• HUMO Cards Domestic Uzbekistan HUMO payment cards including HUMO and HUMO-Mastercard co-branded variants.
• UnionPay-Uzcard Cards International UnionPay cards issued in partnership with the domestic Uzcard system.
• Personal Internet Banking Cabinet Personal online account management portal for retail customers at ibank.mikrokreditbank.uz/bcabinet/ providing account management, transfers, and financial operations.
• Corporate Internet Banking Business internet banking platform for corporate and SME customers at ibank.mikrokreditbank.uz/cib/ supporting account management, payments, and Business Online 2 credit processing.
• Consumer Loans Personal credit products including auto loans (Komfort for KIA and Chery vehicles), overdraft facilities, education loans, and general consumer financing for individuals.
• Auto Credit Komfort Specialized auto loan program for purchasing KIA or Chery vehicles with simplified application process for individual retail customers.
• Microcredit Ommabop-2 Microloan product for individuals available through the Mavrid app for up to 50 million UZS with a fast approval process.
• Business Online 2 Credit Business credit product for small business and SME customers up to 100 million UZS processed through the MKB mobile app or internet banking, targeted at businesses with steady trade turnover.
• Erkin PLUS Credit Flexible credit product for medium and large businesses with open-ended financing options targeting corporate customers.
• Comfort Overdraft Credit Open credit line product for corporate and medium business providing flexible overdraft financing via open credit lines.
• Hamroh Credit Specialized credit program for women-led small and medium businesses supporting women entrepreneurs.
• Imkoniyat Credit Continuous support credit program for small business development in Uzbekistan.
• Cash Microcredit Cash-based microcredit services for businesses in trade and service sectors.
• Education Loan Student loan product for financing education expenses for individual borrowers.
• Savings Deposits Deposit products for individuals including the Universal deposit with guaranteed returns and certificates of deposit.
• Universal Deposit Personal savings deposit product with reliable investment returns for individual customers.
• Leasing Leasing services for small business, SME, and corporate segments for equipment and asset financing.
• Factoring Accounts receivable financing for small business, SME, and corporate customers to improve cash flow.
• Bank Guarantees Guarantee products for small business and corporate customers including tender and performance guarantees.
• Trade Finance International trade financing services including letters of credit and documentary collections for corporate customers.
• Foreign Credit Lines (including JICA) International credit facilities including JICA financing for agriculture, livestock modernization loans (XTTB and XTU), and credit lines for fruit and vegetable production through to export.
• Money Transfers Domestic and international money transfer services including card-to-card transfers via Visa Direct and Mastercard MoneySend.
• Currency Exchange Foreign currency exchange services with real-time daily rates displayed for USD, EUR, RUB, GBP, CHF, and JPY.
• Gold Bars Gold investment products for retail customers through purchase of gold bars.
• Women Entrepreneurship Support Preferential credit program for socially vulnerable populations supporting women entrepreneurs in Uzbekistan, channeling subsidized financing from government social protection schemes.
• Family Business Programs Government-supported preferential credit programs for family business development in Uzbekistan.
• Transit Accounts Intermediary banking accounts for processing financial transactions for individual and business customers.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature3 records

Partnerships

Five partnerships are on record, tiered core and minor.

• MastercardcoreTechnology or IntegrationMastercard is a key card network partner providing credit and debit card processing services. Mikrokreditbank issues Mastercard World Black Edition, Mastercard World Elite, Mastercard Standard, and HUMO-Mastercard cards. Joint promotional campaigns include the 'Mikrokreditbank 20 years old' campaign offering prizes to cardholders.
• VisacoreTechnology or IntegrationVisa is a card network partner providing payment processing services. The bank issues Visa Gold, Visa Platinum, Visa Infinite, and Visa Classic cards. Visa Direct service enables instant money transfers between Visa cards with 0% commission for MKBANK Visa cards.
• UzcardcoreTechnology or IntegrationUzcard is the domestic payment system partner. The bank issues Uzcard Kids cards for children's financial education, UZCARD Duo, UZCARD Sherdor, UZCARD Moment cards, and HUMO-Uzcard cards.
• Uzbekistan Bank AssociationminorOthersListed as a useful external link, indicating membership in the Uzbekistan Bankers Association for industry collaboration and standards.
• Republican Stock ExchangeminorOthersListed as a useful external link for securities market information and operations.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Uzum: Uzbek fintech super-app offering payments, consumer credit, and marketplace services; competes for the same retail and micro-merchant customers that Mikrokreditbank targets through Mavrid and its payment-card portfolio, but with a digital-native cost structure.
• Kaspi.kz: Kazakhstan-listed super-app combining payments, marketplace, and consumer/SME finance; not a direct competitor geographically but a reference point for the digital, mobile-first, microcredit-led model that Mikrokreditbank's Mavrid app is moving toward.

Direct peers

• Turonbank: Uzbek state-owned universal bank offering retail, SME, and corporate banking including trade finance and government-mandated programs; competes in the same microcredit and social-credit segments as Mikrokreditbank's Hamroh and family-business products.
• Kapitalbank: One of the largest privately owned universal banks in Uzbekistan, offering retail, SME, and corporate banking with extensive branch and digital coverage; directly comparable on product breadth, multi-card issuance, and micro/SME lending focus.
• Aloqabank: Uzbek state-owned bank focused on digital banking, retail, and SME segments; competes directly with Mikrokreditbank for individual customers and small businesses and operates a comparable multi-channel distribution strategy.
• TBC Uzbekistan: Digital-first bank in Uzbekistan operated by TBC Bank Group; directly competes for retail and SME deposits, payments, and consumer credit using a mobile-led model, the same segments Mikrokreditbank targets with Mavrid and Business Online 2.

Broad incumbents

• Asaka Bank: Large state-owned commercial bank in Uzbekistan focused on corporate and industrial lending; overlaps with Mikrokreditbank in corporate credit, trade finance, and FX services but operates at significantly larger scale and with explicit industrial-policy mandates.
• TBC Bank Group (Georgia): Listed regional banking group headquartered in Georgia with a fast-growing Uzbekistan franchise; provides a regional benchmark for digital banking scale-up, SME credit underwriting, and card-network partnerships relevant to Mikrokreditbank's evolution.
• National Bank of Uzbekistan (NBU): State-owned systemically important bank in Uzbekistan offering a full suite of retail, SME, and corporate products; comparable on licensing, FX, and government-program lending, but with materially larger balance sheet and broader government ownership.

Regional players

• Bank of Asia (Kyrgyzstan): Mid-sized commercial bank in Kyrgyzstan serving retail and SME customers; comparable to Mikrokreditbank in scale, segment focus, and Central Asian operating context, though operating in a different national regulatory environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/mikrokreditban4
• LinkedInlinkedin.com/company/mikrokreditbank

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Mikrokreditbank