Fitch Ratings has assigned Uzbek Industrial and Construction Bank’s (UICB) USD300 million 5.75% senior unsecured Eurobonds maturing in 2024 a final long-term rating of ‘BB-’.
Starting from December 2019, the National interbanking payment system (NIPC) has integrated the Mastercard international payment system. Now Mastercard cardholders can make payments throughout Uzbekistan through HUMO terminals.
On 3 December, during the visit of the delegation of Uzbekistan to Japan, a meeting was held with the former Deputy Minister of Finance of Japan, the newly appointed President of the Asian Development Bank (ADB) Masatsugu Asakawa.
A delegation of Uzbekistan led by Deputy Minister of Investment and Foreign Trade Shukhrat Vafaev, consisting of the leaders of the Central Bank and leading commercial banks of Uzbekistan, during a trip to Abu Dhabi, held talks with the Chairman of the Central Bank of the UAE, Mubarek Rashid Al- Mansouri and the management of the largest emirate commercial banks - First Abu-Dhabi Bank, Emirates NBD, Islamic Bank of Dubai, Islamic Bank of Abu Dhabi.
On 29 November, within the framework of the visit of the Alliance for Financial Inclusion (AFI) delegation headed by Executive Director Alfred Hannig, meetings with the management and experts of the regulator were held at the Central Bank.
In November 2019, the growth in the average level of consumer prices in Uzbekistan made up 1.7%. This was reported by the State Statistics Committee of Uzbekistan.
The National Bank for Foreign Economic Affairs of the Republic of Uzbekistan in the form of unitary enterprise was transformed into a joint-stock company in line with the presidential resolution.
Masatsugu Asakawa has been unanimously elected President of the Asian Development Bank (ADB) by its Board of Governors.