Russian banks intend to buy out state shares in the authorized capital of two Uzbek banks

Anvar Umarov · 13:22, 28.11.2021 · Updated 22:59 · 601 views

Tashkent, Uzbekistan (UzDaily.uz) -- Russian banks intend to buy out state shares in the authorized capital of two banks in Uzbekistan. Deputy Prime Minister of Uzbekistan Jamshid Kuchkarov spoke about this at the II International Financial and Banking Forum of the Member States.

According to him, the Russian Sovcombank plans to buy out 100% of the state share in Uzagroexportbank.

Another Russian bank, Expobank, intends to acquire a state share in the authorized capital of Poytakhtbank. At the end of September, the bank signed a relevant memorandum with the State Assets Management Agency of Uzbekistan.

Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.