Finance
Finance
TBC Bank consolidates assets in Uzbekistan under TBC Digital
TBC Bank Group has announced the creation of a new management company in Uzbekistan, according to the bank's press service.
Tax Committee clarifies taxation of foreign transfers
Uzbekistan’s Tax Committee has provided clarifications regarding the taxation of money transfers from abroad.
Moody’s: Reduction in state-owned enterprise lending to boost eurobond issuance in Uzbekistan
Uzbekistan continues to reform its state-owned banks and enterprises, reducing government involvement in the economy and attracting private investment.
The soum declines slightly, but this may be temporary
The Uzbek soum has weakened against the US dollar. As of 27 March 2025, the US dollar is trading at …
Non-performing loan ratio in Uzbekistan’s banking sector remains at 4.5%
As of February 2025, the total loan portfolio of Uzbekistan’s banking sector increased by 1.1%, surpassing 540 trillion soums. The …
Uzpromstroybank’s net profit reaches 1.3 trillion soums
Uzpromstroybank reported a net profit of 1.3 trillion soums for 2024, marking a 43% increase compared to the previous year’s …
Experience exchange held with representatives of Mastercard in Istanbul
A meeting was held in Istanbul, Turkey, involving representatives from Mastercard and the Cybersecurity Center "CERT-CBU" of the Central Bank …
ATMs installed without authorization being dismantled in Uzbekistan
In Uzbekistan, efforts are underway to identify and dismantle ATMs installed without proper authorization. This was announced by Deputy Director …
Hamkorbank’s net profit surpasses 1.4 trillion soums in 2024
Hamkorbank’s net profit for 2024 exceeded 1.4 trillion soums, representing an increase of 18.9% compared to the previous year.
Uzbekistan’s Central Bank fines five banks
In February 2025, the Banking Supervision Committee of the Central Bank of Uzbekistan held eight meetings, reviewing 43 issues and …