Two microcredit organizations end their activities
05/03/2012 20:16
Two microcredit organizations end their activities
05/03/2012 20:16
Tashkent, Uzbekistan (UzDaily.com) -- Activities of two microcredit organizations were halted in Uzbekistan, the press service of the Central Bank of Uzbekistan said on 5 March 2012.
The regulator said that the Board of the Central Bank of Uzbekistan adopted decision to revoke licenses of Vakil mikrokredit tashkiloti LLC (Namangan region) and Kumush yelkan mikrokredit tashkiloti LLC (Tashkent city) to carry out activities of microcredit organizations.
The decision was adopted due to violation of the requirements of the legislation and normative acts of Uzbekistan, the bank said.
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