SQB Turns 104: Growth Built on Trust and Partnership

To mark the 104th anniversary of JSCB Uzbek Industrial and Construction Bank, a celebration was held in Tashkent with the participation of the Bank’s customers, partners and community leaders. The event highlighted the Bank’s many years of work, its achievements and its future development priorities.

A 104-year history is a path of progress built on the work of several generations, customer trust and partnership. Over this period, the Bank has developed in step with the country’s economy, providing financial support to a wide range of sectors – from large industrial projects to small business initiatives.

In recent years, SQB has expanded cooperation with international financial institutions and taken consistent steps in green finance and sustainable development. In 2023, the Bank issued USD 100 million in Eurobonds to support climate projects. In 2024, it placed sustainability bonds worth nearly UZS 4.3 trillion on the London Stock Exchange. In 2025, it issued USD 300 million in AT1 bonds, opening a new chapter in the history of Uzbekistan’s banking sector. In addition, the Bank has maintained stable ratings from international agencies such as Fitch, S&P Global and Moody’s.

“104 years is a short time in history, but not for a bank. It means 104 years of experience and expertise,” says entrepreneur Saida Dadabayeva. “Every specialist at the Bank knows their job well, and the management is well organised. I have been a customer of Uzbek Industrial and Construction Bank for many years, and not a single mistake has been made throughout our cooperation.”

Today, with 104 years of experience, SQB contributes to the country’s economic development by combining its historical traditions with modern banking services, digital solutions and international standards. Living up to customers’ trust and developing long-term, mutually beneficial relationships with partners remain key principles of the Bank’s work.

“Over 20 of our company’s 25 years, Uzbek Industrial and Construction Bank has stood shoulder to shoulder with us,” says entrepreneur Aziza Papova. “It has always supported and helped us in difficult times. SQB keeps pace with the times and is reliable. That is why I always recommend this bank to business people and entrepreneurs.”

Customers, partners and team members have all made a worthy contribution to the Bank’s current results. Their trust, cooperation and dedicated work are vital to SQB’s steady development. With 104 years of history and experience, the Bank will continue to serve its customers’ interests, provide financial support to sectors of the economy and develop modern banking services.

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