S&P Global Ratings assesses the industry and country risks of the general insurance sector in the Republic of Uzbekistan as high - as in Russia, Azerbaijan, India, Kenya and Turkey.
In accordance with the order of the Agency for Development of the Insurance Market under the Ministry of Finance of the Republic of Uzbekistan, Limited Liability Company "KAFIL-SUG’URTA" was issued a license of SF series No. 00003 from 18 November 2020 for the implementation of voluntary and compulsory insurance services.
The Ministry of Finance of the Republic of Uzbekistan announced the initial price thought for its next sovereign Eurobonds.
Uzbekistan plans to place international bonds worth US$750 million, the press service of the Ministry of Finance of Uzbekistan said in a statement.
The Payme payment system received revenue in the amount of US$1.5 million in the third quarter of 2020, the Georgian bank TBC Bank Group PLC reports.
An opportunity has been created for clients and employees of Uzpromstroybank to contact the Bank’s Anti-Corruption Commission on corruption risks in the system.
The National Interbank Processing Center (NIPC) has launched the HUMOPay contactless payment technology. To use the payment service, the smartphone must support NFC technology and run on the Android operating system. Today the service is available in the Apelsin app. In the near future, the service will be available in the applications of other banks.
The volume of cross-border transfers to Uzbekistan in January-October 2020 made up US$4.88 billion, having decreased compared to the same period of the previous year by US$148 million or 3%.
The volume of net gold and foreign exchange reserves of Uzbekistan exceeded US$33.3 billion as of 1 November 2020, according to the data of the Central Bank.