Finance
Finance
Fitch Affirms Uzbekistan’s Pakhta Bank at ’B-’
Fitch Ratings has today affirmed Uzbekistan-based Pakhta Bank’s (PB) ratings at Long-term Issuer Default (IDR) ’B-’ (B minus), Short-term IDR ’B’, Individual ’D/E’, Support ’5’ …
CBU resolves to uphold refinancing rate
The board of the Central Bank of Uzbekistan resolved on 19 July to uphold refinancing rate at 14% APR, the …
Assets, capital of Uzbek banks increases, says Central Bank
The Board of the Central Bank said the assets and aggregate capital of commercial banks of Uzbekistan increased in the …
Uzbek banks credit small business for over 557.9 bn soums
Commercial banks of Uzbekistan issued over 557.9 billion soums to support small and private businesses in the first half of …
Uzbekistan’s Alp Jamol Bank deploys BPC card processing technology
Alp Jamol Bank, one of the first private banks in Uzbekistan has started the deployment of its own fully functional …
IDB approves US$616.2m for new projects
The Islamic Development Bank (IDB) Islamic Development Bank (IDB) approved US$616.2 million for new projects and technical assistance in member …
Salaries in Uzbekistan to rise 20% from 1 September
President of Uzbekistan signed a decree on 21 July 2008 on increasing the size of the minimum salary, pensions, stipends …
IMF Executive Board Concludes 2008 Article IV Consultation with the Republic of Uzbekistan
On July 14, 2008, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the …
ADB to give US$120 mln to Kyrgyzstan in 2009
The Asian Development Bank (ADB) is set to increase its financial aid to Kyrgyzstan, said the Kyrgyz president’s press office, …
In focus: further development of accounting and audit in Uzbekistan
Liberalization of the economy requires clear and comprehensive accounting and audit practices, transparency and access to financial information for further …