People's Bank of the Republic of Uzbekistan XalqBanki

History

2025: An employee of Hulk Bank unauthorized connected to his software and stole $760 thousand.

An employee of the Uzbek "Hulk Bank" committed the theft of funds in the amount of 9.5 billion soums (about $760 thousand), having received unauthorized access to banking software. The incident occurred in April 2025 at the Banking Services Center of the Yangikurgan district of Namangan region and was identified during the internal audit of the financial institution. This was reported by the press service of Hulk Bank in August 2025.

An employee of the regional center of the bank illegally gained access to corporate software and embezzled a large amount of money. The fact of theft was established by the internal anti-corruption structures of the bank, which are conducting systematic work to identify such violations.

𝓲

Фото: gazeta.uz

After the fact of theft was discovered, the information was immediately transferred to law enforcement agencies for investigation. A criminal case has been initiated against the persons involved under the relevant articles of the Criminal Code of Uzbekistan. Investigative actions in the case continue.

The Hulk Bank press service confirmed that the financial institution is carrying out comprehensive work to prevent corruption and is actively fighting them. In cases of suspicion of corruption, materials are transferred to law enforcement agencies with which the bank works closely.

This incident is not an isolated case of violations in the regional divisions of the bank. In the Ferghana region, the treasurer of one of the Hulk Bank branches was convicted of systematic theft of funds from an ATM, to which he had official access.

The treasurer of the bank's branch in the city of Kuvasai stole 212.8 million soums, taking advantage of his official duties to replenish cash at an ATM. The employee had access to a safe with ATM cassettes, which allowed him to commit thefts throughout May and June 2025.^[1]

Notes