Finance

The strategy and process of bank transformation discussed

On 6 July, President of the Republic of Uzbekistan Shavkat Mirziyoyev chaired a meeting on implementation of the 2020-2025 Banking System Reform Strategy and acceleration of the process of transforming commercial banks with an eye to uplifting the private sector share in banking assets from 15 to 60%.

Central Bank: A significant share of the growth in cash receipts in June falls on the sphere of trade and paid services

In April-June 2020, cash circulation in the banking system was formed under the influence of socio-economic processes taking place during the coronavirus pandemic in the country. This was reported by the Central Bank of Uzbekistan.

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Issues of deepening cooperation with KOICA discussed

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Parents of the first graders submit 2386 application via online queue system

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Uzbek delegation hold negotiations with Korean Foreign Minister

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The Central Bank launches a project to increase the financial literacy of children in children’s camps

As part of comprehensive efforts to increase the financial literacy of children and youth, the Central Bank is launching an initiative to conduct educational and recreational activities in children’s camps.

New World Bank Country Manager for Uzbekistan outlines his priorities

Marco Mantovanelli started his assignment as World Bank Country Manager for Uzbekistan on 1 July 2020. He has replaced Hideki Mori, who was in this position since March 2017 and has moved to a new assignment in New Delhi, where he will be working as the Bank’s Operations Manager for India.

Central Bank Fellows completed internship based on approved program

In accordance with the previously announced competition for a special scholarship of the Central Bank for students of higher educational institutions of the republic, 39 students were awarded this scholarship during the 2019-2020 academic year, and also got the opportunity to get acquainted with the bank’s activities through internships at the Central Bank.

EBRD launches online program to support micro, small and medium-sized enterprises during the coronavirus pandemic

The European Bank for Reconstruction and Development (EBRD) launched the second module “Crisis Management: Fundamentals of Financial Management” of the EBRD’s free online training and advisory program “Find out how ... in times of crisis” to Support Micro Small and Medium-sized Enterprises (MSMEs) faced with the economic consequences of the coronavirus pandemic.

How to protect a bank card from scammers?

The Uzkomnazorat State Inspectorate has repeatedly recommended that citizens do not distribute copies of passports and other documents on social networks, do not trust fake SMS messages, and do not give in to different messages in fake channels and groups in Telegram, created on behalf of well-known brands, should not be trusted by strangers who promise to transfer money to plastic cards, as well as observe security measures when disseminating personal information when buying and selling goods on the Internet.

An online training on the topic “Islamic Finance Tools” organized

The Central Bank, together with the Center for Statistical, Economic and Social Research and Training for Islamic Countries (SESRIC, a subsidiary body of the Organization of Islamic Cooperation), organized a five-day webinar on the topic “Islamic Finance Tools” for Central bank and a number of commercial banks.

TBC Banking Group begins operations in Uzbekistan

TBC Joint-Stock Commercial Bank launched banking operations in Uzbekistan. At the initial stage, services are provided in pilot mode.

Central Bank fines two banks for violation of the rights of consumers

As part of the work carried out in the first half of this year in the sphere of protecting the rights of consumers of banking services, the activities of Agrobank and Khalq Bank revealed actions that violate the rights of consumers of banking services.

Currency rates from 07/07/2020

$ 1 10184.73 +0.112%
€ 1 11455.78 +0.388%
₽ 1 142.48 -2.391%
Other currencies »