Finance

Insurance companies’ total premium revenue up by 56.4% in 1H 2007

As one of the most dynamically developing markets in the CIS, the insurance market of Uzbekistan again demonstrated high growth results during the past half-year, UzReport.com reported.

Hamkor Bank to pay out 1.9bn soums in dividends

In late June, Hamkor Bank held a general shareholders meeting to consider results of the bank’s performance in 2006, and set the performance targets for the year 2007.

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Tax benefits for banks extended to 2012

Uzbek President Islam Karimov exempt commercial banks from tax on profit earned on long-term investment loans for the period until 1 January 2012.

NBU and Vnesheconombank to cooperate

The Chairman of the Board of the National Bank of Uzbekistan for Foreign Economic Activity (NBU) Saidahmad Rahimov met with the Chairman of the Bank for Development and Foreign Economic Affairs (VneshEconomBank) Corporation of the Russian Federation Vladimir Dmitriev and the Chairman of the Board of the Eurasian Development Bank of Kazakhstan Igor Finogenov on 4 July in Tashkent.

President resolves to further increase capitalization of commercial banks

On 12 July, the President of the Republic of Uzbekistan signed a resolution "On measures to further increase liberalization of banks and activate their participation in investments processes on modernization of economy".

Uzbekistan to increase number of micro finance organizations

Prime Minister of Uzbekistan Shavkat Mirziyayev resolved to adopt on a programme develop micro financing in Uzbekistan till 2010 in early June 2007. The programme envisages creation of new micro finance organization in all regions of Uzbekistan.

Uzbekistan to develop e-payment systems

Prime Minister of Uzbekistan Shavkat Mirziyayev signed a resolution on further improvement of transaction at e-commerce in June.

UzKDB sums up first half-year results

Uzbek-Korean Development Bank’s (UzKDB) net profits for the first half of 2007 comprised 2.29 billion soums. To compare, the bank’s profits for the first half-year in 2006 made up 1 billion soums, according to the bank’s press service.

Madad’s premium revenue up 60% in 1H 2007

The results of financial and business activity in the year 2006 and the areas for development in 2007 were discussed during the general shareholders meeting of Madad Insurnace Agency.

IDB extends US$15m loan to three Uzbek banks

The Islamic Development Bank (IDB) has extended a credit line to three commercial banks of Uzbekistan.

Currency rates from 19/01/2021

$ 1 10500.81 +0.264%
€ 1 12682.88 -0.885%
₽ 1 142.66 +0.970%
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