MKBANK (JSCB Microcreditbank)

Name

MKBANK (JSCB Microcreditbank)

Legal name

JSCB Microcreditbank

Website

https://mkbank.uz

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021), Short-Term Business Credit Institutions (6153), Personal Credit Institutions (6141)

akta.pro primary industry

SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.) (FSABABAI)

akta.pro secondary industries

Direct Lending — Specialty Finance (Consumer/SME Lending Platforms) (FSAHAJAF), SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Agricultural & Rural Development Banks (FSABAKAE)

Keywords

• Retail banking services
• Microfinance lending
• Corporate banking
• Digital banking
• Payment cards

Headquarters

HQ city

г. Ташкент

HQ country

Uzbekistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Interest Income on Loans: Primary revenue from interest charged on various loan products including microloans, auto loans, mortgage loans, education loans, and business loans. Interest rates range from 14% to 35% depending on product type and borrower profile.
2. Transaction and Commission Fees: Fees from money transfers, currency exchange operations, card transactions, and other banking services. Free transfers up to 5 million UZS promoted for mobile app users.
3. Deposit Taking: Attracting customer deposits through various deposit products (Universal, Standard, FIFA-2026, Baxtli bolalik, Barakali so'm) generating funding for lending operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

MKBANK is a universal private commercial bank in Uzbekistan providing full-service banking under Banking License N-37 from the Central Bank of Uzbekistan. It operates a complete suite of deposit, lending, payment, and trade finance products for individual consumers, micro and small businesses, and medium/large corporate clients. The bank delivers its services through a branch network spanning all 14 regions of Uzbekistan and the Republic of Karakalpakstan, complemented by digital channels including the Mavrid mobile app, MKBANK mobile business app, internet banking, and SMS banking.

Product overview

MKBANK (JSCB Microcreditbank) is a universal commercial bank operating in Uzbekistan that offers a multi-segment banking platform serving individuals, micro/small businesses, and corporate clients. The product portfolio is organized into three customer segments: (1) Retail (Jismoniy shaxslar) — deposits, loans (mortgage, auto, education, microloans, overdraft), plastic cards (Mastercard, Visa, UZCARD, HUMO), money transfers, mobile app (Mavrid), internet banking, SMS banking, and gold bar investments; (2) Micro & Small Business — credits (Business Online 2, Erkin PLUS, Hamroh, Imkoniyat, cash microcredits), leasing, factoring, guarantees, foreign credit lines (JICA, XTTB/XTU livestock), and deposit certificates; (3) Corporate — credit lines, factoring, trade finance, guarantees, and deposits. Key digital channels include the Mavrid mobile app for retail customers and the MKBANK mobile app for business clients, both providing 24/7 access to products and services without branch visits.

Differentiator

Problem solved

Functional benefit

Brands

• Mavrid: Mobile banking application for retail (individual) customers providing 24/7 access to banking services including deposits, microloans, and transfers.
• MKBANK mobile

Products and services

• Mavrid Mobile App Mobile application for individuals providing access to retail banking services including account management, transfers, deposits, loan applications, virtual cards, and payments. Available to individual customers for self-service banking on smartphones.
• MKBANK Mobile Business App Mobile application for corporate and business clients providing remote access to business accounts, payment operations, currency control, and trade finance transactions. Targets corporate customers and individual entrepreneurs.
• Internet Banking (Personal Cabinet) Web-based online banking platform enabling customers to manage accounts, perform transfers, pay for services, and access banking products through an internet browser.
• SMS Banking Mobile-based banking service that allows customers to receive account information, mini-statements, and perform basic transactions via SMS messages.
• Mastercard World Black Edition Premium Mastercard payment card with elevated transaction limits and global acceptance for high-net-worth individual customers.
• Mastercard World Elite Top-tier Mastercard payment card offering the highest transaction limits and exclusive service benefits for premium individual customers.
• Visa Infinite Premium Visa payment card with high transaction limits and global acceptance for individual customers seeking premium banking services.
• UZCARD Kids Domestic payment card for minors allowing parents to transfer pocket money and manage children's spending under parental control.
• Omonat Savings Card Savings-purpose payment card enabling individuals to accumulate funds with interest accrual and convenient access via the national payment network.
• Virtual Cards (Mavrid App) Digital-only payment cards issued instantly through the Mavrid mobile application for secure online purchases, without a physical card.
• Visa Direct (P2P Transfers) Person-to-person money transfer service leveraging the Visa network enabling customers to send funds by card number across the Visa ecosystem.
• MoneySend (Mastercard P2P Transfers) Person-to-person money transfer service on the Mastercard network allowing customers to send funds to any Mastercard card holder.
• Microloan (Mikroqarz) Small-ticket microloan product with amounts up to 100 times the minimum wage, available in cash or via plastic card, with term-based tiered annual rates ranging from 26% to 35%. Targeted at individual borrowers and small entrepreneurs.
• Ommabop-2 Microloan Online microloan product with an annual rate of 0% during the promotional period, available through the Mavrid mobile app, with amounts up to 100 times the minimum wage and terms up to 12 months.
• Education Loan (Ta'lim Krediti) Preferential consumer loan for tuition fees at the Presidential Creative Schools and Presidential Schools under the Cabinet of Ministers Decree No. 5203 (PQ-5203), with an annual rate equal to the Central Bank's base rate, term up to 7 years, and a 6-month grace period.
• Komfort Auto Loan Auto loan product for the purchase of KIA and Chery brand vehicles, with terms up to 5 years, 30% down payment, and up to 75% of vehicle value financed. Targets individual customers.
• Convenience Overdraft (Qulay Overdraft) Overdraft facility for salary project participants at partner enterprises, with an annual rate of 26% and a 60-day grace period. Targeted at individual borrowers receiving salaries through the bank.
• Universal Mortgage Mortgage product for individuals to purchase housing on the primary or secondary market, with terms up to 20 years, up to 80% of property value financed, and a 6-month grace period.
• Primary Market Mortgage Mortgage for individuals purchasing apartments in newly constructed multi-apartment buildings on the primary market, with funds sourced from the Ministry of Finance of Uzbekistan.
• Universal Deposit Time deposit product for individuals with a minimum amount of 1,000,000 UZS, terms of 13 or 25 months, and competitive annual rates paid at maturity.
• FIFA-2026 Online Deposit Promotional time deposit product launched in connection with the 20th anniversary of the bank, offered via the Mavrid app and internet banking, with terms of 13 or 25 months.
• Investment Gold Bars (Oltin Quymalar) Investment-grade gold bars sold to retail and corporate customers as a store-of-value product, available through bank branches.
• Money Transfer Services Cross-border and domestic remittance services enabling customers to send and receive funds domestically and internationally through partner transfer systems.
• Foreign Exchange Transactions Currency conversion services offered to individuals and businesses, with free conversion up to 5,000,000 UZS per day through the Mavrid app and at bank branches.
• Transit Accounts Pass-through account service for individuals and legal entities performing currency conversion operations through the bank.
• Erkin PLUS Credit Business credit product for legal entities and individual entrepreneurs with a term up to 36 months and an annual rate of 28%, providing working capital for small and medium businesses.
• Business Online 2 Credit Online credit product for legal entities and individual entrepreneurs with a 0% promotional rate during the introductory period, available through the MKBANK mobile business app.
• Cash Microcredit for Retail and Trade Cash microcredit product targeted at retail and trade sector individual entrepreneurs, supporting working capital needs.
• XTTB and XTU Livestock Credit Specialized livestock financing credit line for agricultural entities and farms for the purchase of pedigree cattle and other livestock purposes.
• Hamroh Credit (Women-Led SME Support) Preferential credit product for women-led businesses and women entrepreneurs in microfinance, supporting financial inclusion and women's entrepreneurship.
• Imkoniyat Credit (SME Support Program) Preferential credit product for small and medium-sized enterprises under the Government SME support program, providing affordable financing for SME growth.
• Comfort Overdraft Credit (Corporate) Open corporate overdraft credit line providing financial flexibility for corporate and medium-sized business entities to manage working capital gaps.
• JICA Phase 2 Credit Line Foreign currency credit line funded by the Japan International Cooperation Agency (JICA) supporting investment projects for corporate clients in Uzbekistan.
• Leasing Services Leasing services enabling business clients to acquire equipment and vehicles through lease arrangements with the bank.
• Factoring Services Factoring services for business clients providing working capital against receivables, helping businesses manage cash flow.
• Bank Guarantee Services Bank guarantee services for corporate clients to support tender participation, contract performance, and other commercial obligations.
• Trade Finance Services Trade finance solutions supporting import and export operations for corporate clients, including letters of credit and trade-related financing.

Quantifiable outcome

• Up to 5 million UZS in free transfers for Mavrid app users
• +1 more outcomes

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered minor and strategic.

• Uzbekistan Banking AssociationminorStrategic or Co-development PartnerIndustry association for banking sector. MKBANK is a member of the Uzbekistan Banking Association (UBA) which coordinates industry standards and practices.
• Agrobank and Xalq BankstrategicChannel Partner/ Reseller/ DistributorThree banks (Agrobank, Xalq Bank, and Mikrokreditbank) jointly implement government family entrepreneurship programs. Customers can choose any of these three banks for preferential credit programs under government initiatives.
• UZCARDstrategicTechnology or IntegrationCard payment system partnerships for plastic card issuance including UZCARD, HUMO-UZCARD, UZCARD Duo, UZCARD Sherdor, UZCARD Kids, and UZCARD Moment cards. Local payment infrastructure integration.
• MastercardstrategicTechnology or IntegrationInternational card payment partnership for premium cards including Mastercard World Black Edition, Mastercard World Elite, Mastercard Standard, and HUMO-Mastercard. Enables international payment acceptance.
• VisastrategicTechnology or IntegrationInternational card payment partnership for Visa card products including Visa Gold, Visa Platinum, Visa Infinite, and Visa Classic. Enables international payment acceptance and Visa Direct transfers.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• TBC Bank Uzbekistan: Digital-first entrant in the Uzbek market backed by TBC Holding (Georgia). Competes with MKBANK's Mavrid app in digital retail banking and microloans, but with a leaner, more tech-native model.

Direct peers

• Xalq Bank: One of the largest state-owned banks in Uzbekistan with broad retail, SME, and corporate offerings. Direct peer — the third co-distributor of government entrepreneurship programs alongside MKBANK and Agrobank, with overlapping microfinance and SME products.
• Kapitalbank: Large private Uzbek commercial bank offering retail, SME, and corporate banking with a digital platform. Comparable multi-segment universal bank competing for the same retail and SME customers in Uzbekistan.
• Turonbank: Uzbek state-owned bank offering retail and SME banking services. Comparable in product scope and customer segments to MKBANK in the Uzbek universal banking market.
• Asaka Bank: Large state-owned Uzbek commercial bank serving corporate, SME, and retail customers. Competes in the same universal banking market and participates in government lending programs.
• Hamkorbank: Private Uzbek universal bank serving retail and SME customers with deposits, lending, and digital banking. Comparable in scope (multi-segment bank with mobile apps) and similar customer base in Uzbekistan.
• Agrobank: State-owned Uzbek commercial bank focused on agricultural and rural lending. Direct peer — co-distributes government family entrepreneurship programs with MKBANK and shares a similar SME/microfinance franchise across Uzbekistan.
• Aloqabank: Uzbek state-owned bank with retail and SME banking offerings. Comparable in serving individuals and small businesses across Uzbekistan, with overlapping deposit and lending products.
• Ipoteka Bank: Uzbek state-owned bank specializing in mortgage and housing finance, including government-subsidized primary-market mortgages. Direct competitor in the same mortgage and government-program space that MKBANK also serves.

Broad incumbents

• Uzpromstroybank: Major state-owned Uzbek universal bank with broader corporate and retail reach. Larger incumbent that competes for SME, mortgage, and retail customers across Uzbekistan.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xt.me/mkbankuz
• Facebookfacebook.com/mkbankuz
• LinkedInlinkedin.com/company/mkbankuz

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 MKBANK (JSCB Microcreditbank)