Question 1

What is Yangi Bank?

Accepted Answer

Yangi Bank is a digital commercial bank based in Uzbekistan. Positioned as a "digital bank of the new generation," Yangi Bank operates as a joint-stock company (JSC) offering modern banking services primarily through digital channels. The bank focuses on providing accessible online banking solutions, including loans, deposits, money transfers, and utility payments through its mobile application and online platform.

Question 2

When was Yangi Bank founded?

Accepted Answer

Yangi Bank was founded in 2023. The Central Bank of the Republic of Uzbekistan officially registered the joint-stock company "YANGI BANK" in Tashkent and issued banking license No. 92 on May 4, 2023, granting the bank the right to carry out banking activities. The bank was established to meet the growing demand for digital banking services in Uzbekistan's evolving financial sector.

Question 3

Where is Yangi Bank headquartered?

Accepted Answer

Yangi Bank is headquartered in Tashkent, the capital city of Uzbekistan. The bank's head office is located at 99 Amir Temur Street, Yunusabad district, Tashkent 100084. This strategic location in Uzbekistan's largest city and financial center provides the bank with access to the country's primary business and commercial hub.

Question 4

Where does Yangi Bank operate?

Accepted Answer

Yangi Bank operates throughout Uzbekistan. As a digitally-focused institution, the bank primarily serves customers across the country through its mobile application and online banking platform, reducing the need for extensive physical branch networks. The bank's digital-first approach allows it to reach customers in various regions of Uzbekistan, including urban centers and areas with limited traditional banking infrastructure.

Question 5

What services does Yangi Bank offer?

Accepted Answer

Yangi Bank provides a comprehensive range of digital banking services:

Personal Banking: Consumer loans with interest rates starting from 35% annually for terms from 3 months, deposit accounts offering up to 23% annual interest for 13-month terms with weekly interest payments, and flexible deposit options including partial withdrawals and early closure.

Payment Services: Money transfers by card number or phone number, utility bill payments (including communal services, mobile phone top-ups, and internet), and commission-free deposits and withdrawals.

Digital Banking: A fully-featured mobile application available for iOS and Android platforms, online loan applications requiring only a passport, instant card funding, 24/7 customer support via in-app chat, and expense tracking and financial management tools.

Business Banking: The bank offers a separate Yangi Business application for corporate clients, providing business account management and commercial banking services.

Question 6

What makes Yangi Bank unique?

Accepted Answer

Yangi Bank distinguishes itself as a fully digital banking platform in Uzbekistan's banking sector. The bank's complete online registration process takes only a few minutes, allowing customers to access all banking services without visiting a physical branch.

The bank emphasizes rapid service delivery with instant loan approvals and immediate card funding. Its competitive deposit rates, combined with weekly interest payments and flexible withdrawal options, provide attractive savings opportunities.

Yangi Bank's 24/7 customer support integrated directly into the mobile application ensures continuous assistance for users. The bank's digital-first business model represents a modern approach to banking in Uzbekistan, catering to the growing demand for convenient, technology-driven financial services.

Question 7

What type of financial institution is Yangi Bank?

Accepted Answer

Yangi Bank is a commercial bank operating as a joint-stock company (Aksiyadorlik Jamiyati or AJ in Uzbek). Licensed by the Central Bank of the Republic of Uzbekistan, it is authorized to conduct full banking operations. As a digital commercial bank, Yangi Bank combines traditional commercial banking functions—such as accepting deposits, extending credit, and facilitating payments—with a technology-focused delivery model that prioritizes mobile and online channels over physical branches. This classification aligns with Uzbekistan's banking system structure, where commercial banks serve both individual and business customers with a broad range of financial services.

Yangi Bank

in Uzbekistan 🇺🇿

Crypto-Friendliness

All done!

About Yangi Bank in Uzbekistan