mkbank

What mkbank does

Mikrokreditbank ATB (operating as MKBANK) is a universal commercial bank headquartered in Tashkent, Uzbekistan, founded in 2006 and operating under Banking License N-37 issued by the Central Bank of Uzbekistan on March 2, 2024. The bank serves three primary customer segments — individuals (Jismoniy shaxslar), micro and small businesses, and medium/large enterprises — through a physical branch network covering all 14 regions of Uzbekistan plus the Republic of Karakalpakstan, supplemented by ATMs, two dedicated mobile applications (Mavrid for retail, MKBANK mobile for corporate clients), internet banking, SMS banking, and a Telegram bot (@mkbank__bot). Its product portfolio spans microloans (24-30% annual), preferential education loans (14%, aligned with Central Bank base rate), auto loans for Kia/Chery/Renault/LADA vehicles (0-28%), mortgages (17-26%), business credit lines, factoring, leasing, bank guarantees, and trade finance, plus a deposit franchise (Universal, Baxtli Bolalik children's savings, FIFA-2026 themed deposit) and card issuance across all four national and international networks (Visa, Mastercard, Uzcard, Humo).

The bank's underlying technology is a digital banking platform with mobile-first customer access, scoring-based automated microloan origination via the Mavrid app (Ommabop-2 product), QR code banking, and integrations with government portals (my.gov.uz, talim-krediti.mf.uz) for education and social-program loan distribution, plus Visa Direct and Mastercard MoneySend for card-to-card transfers. Distribution combines direct-to-consumer digital channels with a sales-led motion through branches, relationship managers, and "Neighborhood Bankers" (Mahalla Bankirlari) for community-level outreach.

Revenue mechanics are anchored in interest income from lending (the primary stream, with microloan rates of 24-30%, mortgage rates of 17-26%, and education loans at 14%), fee and commission income from cards, transfers, and services, net interest spread on deposits, and trade finance fees. Strategic positioning is heavily tied to government-backed preferential lending programs (Family Entrepreneurship Development Program, "Har bir oila - tadbirkor," "Kambag'allikdan farovonlik sari") — the bank is one of only three designated lenders alongside Agrobank ATB and Xalq Banki — and to international development financing through JICA Phase 2 for agricultural export credit lines, plus auto financing partnerships with UzAuto Motors and ADM Global. All deposits are state-insured.

Name

mkbank

Legal name

"Mikrokreditbank" ATB (Aktsiyadorlik Tijorat Banki)

Website

https://mkbank.uz

Company type

Private

Founded year

2006

Operating status

Operating

Short description

Mikrokreditbank (MKBANK) is a Tashkent-based universal commercial bank serving individuals, micro/small businesses, and corporate clients across all 14 regions of Uzbekistan with digital banking apps, microloans, auto financing, mortgages, trade finance, and government-backed preferential lending.

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

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Microloans & Working Capital Loans (FSAKAGAA), SME Sector/Specialty Banking (Vertical-focused: Healthcare, Agri, Tech, etc.) (FSABABAI), SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Retail banking services
• Microfinance lending
• Business banking
• Digital banking
• Consumer loans

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 Loans: The primary revenue stream comes from interest income on various loan products including microloans (24-28% annual), education loans (14%), auto loans (0-28%), mortgage loans (17-26%), and business loans. Interest rates vary by product type, term, and borrower profile.
2. Fee and Commission Income: Income from various banking fees including card maintenance, transaction processing, money transfers, and service charges. Free transfers up to 5 million UZS for certain products generate cross-sell opportunities.
3. Deposit Taking: The bank accepts deposits from individuals and businesses, paying interest on savings. The spread between lending and deposit rates constitutes a revenue source.
4. Trade Finance Services: Foreign currency exchange, international transfers, and trade finance services for corporate clients generate fee income.

Pricing tiers

Go-to-market motion2 records

Distribution channels9 records

Marketing channels7 records

Core offering

MKBANK is a universal commercial bank in Uzbekistan that provides retail and business banking services including consumer and business loans (microloans, education, auto, mortgage), demand and time deposits, payment cards across Uzcard/Humo/Visa/Mastercard networks, domestic and international money transfers, trade finance, factoring, leasing, and bank guarantees. Service delivery is enabled through a branch network across 14 regions, two dedicated mobile banking applications (Mavrid for retail, MKBANK mobile for business), internet banking, SMS banking, and a Telegram bot.

Product overview

Mikrokreditbank (MKBANK) is a universal commercial bank in Uzbekistan offering a comprehensive portfolio of banking products and services across retail, micro/small business, and corporate segments. The bank's product ecosystem includes two flagship mobile applications: Mavrid for retail customers and MKBANK mobile for business clients, complemented by internet banking and SMS banking services. Lending products span consumer loans (microloans up to 100M UZS, education loans, mortgages up to 480M UZS, auto loans for KIA/Chery/Renault/LADA vehicles), business credit lines, and specialized programs like JICA agricultural financing. Card offerings feature multiple tiers across UZCARD, HUMO, VISA, and Mastercard networks including premium World Elite and World Black Edition cards. The bank also provides deposit products (Universal, Baxtli Bolalik children's savings, themed FIFA-2026 deposit), trade finance, factoring, leasing, bank guarantees, and gold bar investments. Digital services are accessible through the Mavrid and MKBANK mobile apps, internet banking portal, and SMS notifications.

Differentiator

Problem solved

Functional benefit

Brands

• MAVRID: Mobile banking application for retail (individual) customers offering deposits, microloans, transfers, virtual cards, and other banking services.
• MKBANK mobile

Products and services

• Mavrid Mobile Banking Application Mobile banking application for retail (individual) customers providing 24/7 access to all banking services including deposits, loans, card management, virtual cards, and money transfers. Available on Google Play, App Store, and App Gallery.
• MKBANK Mobile (Business Banking App) Business-focused mobile banking application for corporate and SME clients with advanced features for managing business finances, loans, and payments.
• Internet Banking Online banking platform for both retail and corporate customers to manage accounts, perform transactions, and submit loan applications.
• SMS Banking SMS notification and banking service for transaction alerts and basic banking operations via text messages.
• Mikroqarz (Microloan) Microloan product disbursed in cash or by card transfer up to 100 million UZS for 12-60 months with interest rates of 24-28% annually. No collateral required, available for salary project participants with stable income.
• Ta'lim krediti (Education Loan PQ-5203) Preferential education loan for full-time students covering tuition contract amounts with interest rate at Central Bank's main rate (14%), up to 15 years term, with grace period covering study period plus 6 months.
• Avtokredit (Auto Loan) Vehicle financing for KIA, Renault, LADA, Chery and other brands with terms up to 60 months and interest rates from 0% (promotional) to 28% annually.
• Komfort Avtokrediti (Comfort Auto Loan) Auto loan for KIA and Chery vehicles up to 824 million UZS for 60 months with promotional 0% annual rate through UzAuto Motors and ADM Global dealership partnerships.
• Ipoteka krediti (Mortgage Loan) Mortgage financing for primary market up to 480 million UZS for 20 years at 17% annual rate, under the Affordable Mortgage program from the Ministry of Economy and Finance.
• Universal Ipoteka (Universal Mortgage) Universal mortgage loan up to 1.65 billion UZS for 20 years with 24-26% annual interest rate.
• Ommabop Online Microloan (Ommabop-2) Online microloan via Mavrid app up to 50 million UZS for 24 months at 30% annual rate, based on scoring analysis, requiring at least 6 months of legal income and minimum 50% debt burden ratio.
• Business Online 2 Credit Online business credit up to 100 million UZS for traders with regular revenue, processed end-to-end via MKBANK mobile app or internet banking.
• Erkin PLUS Credit Flexible credit product for medium and large businesses with freedom of financial opportunities under corporate banking.
• Comfort Overdraft Open credit line (overdraft) for corporate and medium business entities providing financial flexibility.
• Hamroh Credit Credit product for women-led small and medium businesses supporting female entrepreneurship, without collateral or guarantee requirements for eligible borrowers.
• Imkoniyat Credit Small business support program credit for continuous assistance to small businesses under government social programs.
• JICA Phase 2 Credit Foreign credit line from Japan International Cooperation Agency (JICA) providing financial support from fruit and vegetable cultivation to export, part of international cooperation program for agricultural sector development.
• Cash Microcredit Cash microcredit for businesses in trade and service sectors.
• Mastercard World Elite Card Premium Mastercard card offering luxury travel, entertainment, and shopping benefits with high-level convenience for affluent retail customers.
• Mastercard World Black Edition Card Prestigious Mastercard card with premium benefits and privileges for discerning cardholders.
• Visa Infinite Card Premium Visa card offering exclusive benefits and high-level services for affluent customers.
• UZCARD KIDS Card Children's debit card product helping kids learn financial management and proper money handling skills.
• Universal Deposit Flexible deposit product with reliable investment returns for achieving financial goals.
• Baxtli Bolalik Children's Deposit Children's savings deposit for secure future investment with favorable terms.
• FIFA-2026 Online Deposit Online deposit in national currency tied to the FIFA-2026 promotion with special terms.
• Money Transfers Domestic and international money transfer services including Visa Direct and Mastercard MoneySend for instant card-to-card transfers via the Mavrid app.
• Leasing Leasing services for businesses and individuals for equipment, vehicles, and property acquisition.
• Factoring Accounts receivable factoring services for businesses to improve cash flow.
• Bank Guarantee Bank guarantee services for business transactions and contractual obligations.
• Trade Finance Trade financing services including letters of credit and documentary collections for international trade.
• Foreign Credit Lines Access to international credit lines including JICA credit programs for agriculture and export financing.
• Deposit Certificates Deposit certificate products for businesses and individuals.
• Gold Bars Gold bar purchases and sales for investment purposes.

Quantifiable outcome

• Up to 100 million UZS microloans available without collateral
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered major and core.

• Japan International Cooperation Agency (JICA)majorStrategic or Co-development PartnerJICA provides development financing through the bank for agricultural projects including fruit and vegetable production and export. JICA 2nd phase credit line supports agricultural sector development from farming to export.
• Uzbekistan Central BankcoreOthersRegulatory authority that issued Banking License N-37 to the bank on March 2, 2024. Oversees all banking operations and sets policy including base interest rates affecting loan pricing.
• Agrobank ATB and Xalq BankicoreStrategic or Co-development PartnerAlong with Mikrokreditbank, these three banks serve as designated lenders for Family Entrepreneurship Development Programs. Customers can choose any of the three banks for preferential loans under government programs.
• UzAuto MotorsmajorChannel Partner/ Reseller/ DistributorExclusive auto financing partnership offering 0% annual rate promotional loans for Kia and Chery vehicles. Pre-approved financing facilitates vehicle sales through dealership network.
• ADM GlobalmajorChannel Partner/ Reseller/ DistributorAuto financing partner offering promotional loan rates for vehicles sold through ADM Global dealership network.
• Government of Uzbekistan (Various Programs)coreStrategic or Co-development PartnerImplementation partner for government social programs including 'Har bir oila - tadbirkor', 'Kambag'allikdan farovonlik sari', and Family Entrepreneurship Development Programs. Programs provide preferential financing for eligible borrowers with government-backed interest subsidies.
• Mastercard InternationalmajorTechnology or IntegrationCard network partnership for issuing Mastercard-branded cards including World Elite, World Black Edition, and Standard cards. Enables international payment acceptance and card services.
• Visa InternationalmajorTechnology or IntegrationCard network partnership for issuing Visa-branded cards including Infinite, Platinum, Gold, and Classic. Supports international transactions and money transfers.
• Uzcard National Payment SystemmajorTechnology or IntegrationPartnership with Uzbekistan's domestic payment system for issuing Uzcard cards including UZCARD, UZCARD Duo, UZCARD Sherdor, UZCARD Kids, and UZCARD Moment. Supports domestic transactions and government social payments.
• Humo Payment SystemmajorTechnology or IntegrationPartnership with Humo national payment system for card issuance including HUMO and HUMO-Mastercard products. Facilitates domestic payment services.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Qishloq Qurilish Bank (QQB): Uzbek state-owned bank serving the rural and construction sectors with a national branch network and government-program lending. Comparable as a large state-bank competitor in the same subsidized-credit ecosystem.
• Asaka Bank: Large state-owned commercial bank in Uzbekistan serving corporate, SME, and retail customers. Comparable as a full-service Uzbek universal bank competing for the same government-backed preferential lending mandates and corporate accounts.
• Xalq Banki (National Bank of Uzbekistan): State-owned national bank of Uzbekistan; one of the three designated lenders for Family Entrepreneurship Development Programs alongside MKBANK. Comparable as a large-scale universal commercial bank with full retail, SME, and corporate franchise in the same market.
• NBU (National Bank for Foreign Economic Activity of Uzbekistan): State-owned Uzbek bank specialized in foreign trade, correspondent banking, and large corporate finance with some retail services. Comparable as a regulatory and government-program peer competing for trade finance and large corporate accounts.

Direct peers

• Hamkorbank: One of the larger privately-owned Uzbek universal banks with strong microcredit, SME, and retail presence. Directly comparable to MKBANK on uncollateralized small-ticket lending, regional branch footprint, and digital banking apps (Hamkor Mobile).
• Ipoteka Bank: Uzbek state-owned bank specialized in mortgage and housing finance, with broader retail and SME services. Directly comparable on mortgage product (MKBANK offers up to 1.65 billion UZS mortgage; Ipoteka is the housing specialist) and government-subsidized lending programs.
• Turonbank: Uzbek universal commercial bank offering retail, SME, and corporate banking with a national branch network and digital channels. Comparable mid-tier competitor for microcredit, deposits, and payment cards within Uzbekistan.
• Agrobank ATB: The third designated Family Entrepreneurship lender alongside MKBANK and Xalq Banki. State-owned agricultural-focused commercial bank with comparable microcredit, SME lending, and rural branch reach into Uzbekistan's farming economy.

Emerging players

• TBC Bank Uzbekistan (TBC UZ): Digital-first Georgian-bank-backed entrant in Uzbekistan offering mobile-led retail and SME lending. Comparable as a direct competitor for the same smartphone-native microloan and retail segments that MKBANK targets via Mavrid.

Regional players

• Sanoat Qurilish Bank (Uzbekistan Industrial and Construction Bank): Uzbek universal bank (formerly Uzhpromstroibank) serving industrial, construction, and SME clients. Comparable as a domestic Uzbek commercial bank competing for corporate deposits, SME lending, and government-mandated credit programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/mkbankuz

Compliance2 records

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 mkbank