Representation
Represent and protect members’ rights and lawful interests in dialogue with public bodies and other organisations.
National Association of Investment Institutions
The collective voice of Uzbekistan’s capital market
NAII brings together investment institutions, promotes professional standards, represents its members’ interests and supports the development of a transparent, competitive and internationally connected capital market.
NAII member network
Member institutions come together through NAII to form a collective professional voice.
32Member institutions
All membersAssociation functions
What NAII does
NAII’s published objectives and activities are grouped into four areas.
View mission and objectivesProfessional support
Provide methodological and technical support to professional capital-market participants.
Information and analysis
Provide members with industry news, analysis and other relevant information.
Education and international cooperation
Support professional development and international cooperation.
NAII activities
The Association in action
Published meetings, professional events and education projects from NAII’s archive.
NAII meets CITIC CLSA in Hong Kong
On 11 September, NAII and CITIC CLSA discussed international capital raising for Uzbek issuers and identifying prospective projects.
Read source · NAIINAII Awards 2025 — results
Official results of the 2025 NAII professional awards.
Read source · UZSENAII and British Management University hosted a discussion evening
A professional discussion and educational event listed in NAII’s events calendar.
Read source · BMUThe market in perspective
Uzbekistan’s capital market
Q3 2026 · Official figures
- Issued shares
- 277.03UZS trillion
- Issued bonds
- 8.18UZS trillion
- Securities outstanding
- 285.2UZS trillion
Professional community
Member institutions
32institutions
The complete, confirmed directory of NAII member institutions.
Open member directory- Portfolio Investmentspiamg.com
- Freedom Broker Uzbekistanffin.uz
- KAP DEPOkapdepo.com
- Mosaic Financialmosaic-financial.uz
- Premium Financepfg.uz
- Paylaterpaylater.uz
- Birinchi Banklararo Depozitariybbd.uz
- Avesta Investment Groupavestagroup.com
- Ipoteka Bank, OTP Groupipotekabank.uz
- Agat Creditagatcredit.uz
- GK&P — Gafurov, Kardash & Partnersgafurovkardash.com
- HB Capitalhbcapital.uz
- Ahbor-Reytingahbor-reyting.uz
- Kapitalbankkapitalbank.uz
- Osiyo Sarmoya DepoOfficial website not provided
- Leader Finance Capitallfcapital.uz
- Renesans Mikromoliya Tashkilotirenesans.uz
- Orient Securitiesorientcap.uz
- Ishonch Sug‘urta Kompaniyasiishonch-sugurta.uz
- ALKESalkes.co
- Jett (MULTIBROKER)jett.uz
- Analytics Servicesanalyticsservices.uz
- Beaford CapitalOfficial website not provided
- Asset Leasing & Financealafin.uz
- TBC Bank Uzbekistantbcbank.uz
- Alp Omad Investstockinvest.uz
- Biznes Finansbizfin.uz
- FINCOMfincom.uz
- ALSKOM Sug‘urta Kompaniyasialskom.uz
- Hamkorbankhamkorbank.uz
- ANORBANKanorbank.uz
- HYT Capitalhyt-capital.com
News and events
The latest from NAII and the market
Photo · NAPP
Azerbaijan central bank delegation studies NAPP capital-market supervision
During the 22–23 October visit, the regulators discussed market development, IOSCO and PFMI standards, new instruments, infrastructure, monitoring, disclosure and risk-based supervision.
Read the source
Illustrative photo · UZSE
Vaqt Investitsiya Kompaniyasi to cease investment-intermediary activity
UZSE reported that it received official notice of the founders’ decision to terminate the company’s capital-market activity as an investment intermediary.
Read the source
Photo · State Assets Management Agency
Davaktiv and StoneX discuss international capital-market cooperation
The parties discussed debt financing and investment attraction for Uzbek banks and companies, including energy, transport and mining projects. The meeting did not announce a completed financing transaction.
Read the sourceMembership
Join NAII
Review the eligibility criteria, required documents and application process.