This study investigates the financial readiness of state-owned banks to provide support for green financing initiatives, in accordance with Uzbekistan's strategic objectives for a green economy. The paper employs a ratio-based approach to assess the capacity of banks to finance green projects in light of the lack of detailed environmental data. Key financial indicators, including Return on Assets (ROA), Return on Equity (ROE), Capital Adequacy, Liquidity, and Leverage ratios, are analyzed using publicly available financial statements. Subsequently, these indicators are employed to generate a Green Financing Readiness Index, which facilitates a comparative evaluation of the readiness of institutions. The expected results indicate that while certain institutions may exhibit profitability and capital stability, the potential for long-term green investment may be impeded by liquidity constraints and high leverage. The study concludes by providing suggestions for the improvement of institutional and financial capabilities in order to promote sustainable banking in Uzbekistan. This research contributes to the theme of sustainable development finance which is a hot topic in Uzbekistan as of today and bolsters the national initiatives implemented under the "Uzbekistan – 2030" strategy.
