Finance
Finance
Central Bank Denies Claims on Ishmetov Luxury Watch
The Central Bank of Uzbekistan has denied social media claims about expensive watches worn by its chairman, confirming the item was a Tissot valued at …
Kazakhstan and Uzbekistan Expand Financial Cooperation
Kazakhstan’s development bank and export credit agency signed agreements with four Uzbek banks to expand trade finance and export support …
Uzbekistan Tightens Penalties for Tax Violations
Uzbekistan has strengthened criminal and administrative liability for tax evasion, increasing penalties and introducing new procedural safeguards.
Visa launches AI commerce solution for businesses
Visa introduced Intelligent Commerce Connect in Almaty, enabling secure AI-driven payments, tokenization, and merchant integration into AI ecosystems.
EDB and UzOman agree on partnership in Uzbekistan
Eurasian Development Bank and UzOman signed an MoU to finance infrastructure projects in Uzbekistan, focusing on transport and logistics development.
National Bank of Uzbekistan profit reaches 603bn soums
NBU net profit rose to 603.2bn soums in Q1 2026, up 28.9% year-on-year, with moderate asset growth and improved credit …
Hamkorbank increases profit by nearly 19% in Q1 2026
Hamkorbank net profit reached 467.7bn soums in Q1 2026, up 18.9% year-on-year, while assets and credit portfolio continued strong growth.
Alokabank profit rises 63% in Q1 2026
Alokabank net profit reached 118.0bn soums in Q1 2026, up 63.4% year-on-year, driven by asset and loan growth despite higher …
Shinhan Bank prepares entry into Uzbekistan market
South Korea’s Shinhan Bank is preparing to enter Uzbekistan, planning a local subsidiary as part of its Central Asia expansion …
Ipak Yuli Bank Deepens Cooperation with EBRD
Ipak Yuli Bank became a confirming bank under EBRD’s TFP, strengthening trade finance tools and support for Uzbekistan’s international trade.