Finance
Finance
Moody’s affirms B2 rating of “KAFIL-SUG‘URTA”; outlook stable
Moody’s Ratings has affirmed the insurance financial strength ratings (IFSR) of “KAFIL-SUG‘URTA” JSC in both local and foreign currency at B2. The outlook remains stable, …
Factoring Services in Uzbekistan Reach 6.6 Trillion Soums
In the third quarter of 2025, credit institutions provided factoring services totaling 6.6 trillion soums, of which 6.1 trillion soums …
FINNEXT Asia 2025: A Convergence Point for Global Trends
The second FINNEXT Asia International Forum on Financial Innovation, organized by FINNEXT, was held in Tashkent, bringing together more than …
Representatives of Cyberbird: AI is Rewriting the Rules of the Financial Sector — from Lending to Staff Training
Artificial intelligence is already transforming financial processes faster than regulators can adapt, say Valery Babushkin and Evgeny Yezhov of Cyberbird …
EBRD Allocates €10 Million for Copper Pipe Production in Uzbekistan
The European Bank for Reconstruction and Development (EBRD) will provide a loan of up to €10 million to MaxCopper, a …
Microfinance Organizations in Uzbekistan Issue Loans Totaling 21.3 Trillion Soums
From January to September 2025, microfinance organizations and pawnshops in Uzbekistan issued loans totaling 21.3 trillion soums, doubling the volume …
Uzbekistan Receives US$15.8 Billion in Money Transfers from January to October
From January to October 2025, Uzbekistan’s domestic foreign exchange market saw a rise in the supply of foreign currency that …
Central Bank of Uzbekistan Approves “Roadmap” for Banking Sector Reforms
The Central Bank of Uzbekistan (CBU) has announced the launch of a “Roadmap” for 2025–2028 aimed at improving the regulation …
President of the ADB Visits Uzbekistan to Strengthen Partnership
Masato Kanda, President of the Asian Development Bank (ADB), met with President of Uzbekistan Shavkat Mirziyoyev, reaffirming the bank’s commitment …
EBRD Supports Further Modernization of Tashkent Pipe Plant
The European Bank for Reconstruction and Development (EBRD) is providing a US$20 million loan to the Tashkent Pipe Plant (TTP), …