Finance
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, …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
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.