Finance
Finance
BC Card and HUMO sign agreement for system integration
South Korean payment system BC Card and Uzbek payment system HUMO have signed an agreement to integrate their systems.
Public offering of shares under "People’s IPO" program starts
The Agency for State Asset Management, in accordance with privatization programs, announces the start of a new phase of public …
Assets of commercial banks in Uzbekistan reach 711.11 trillion soums
As of 1 August 2024, the assets of commercial banks in Uzbekistan totaled 711.11 trillion soums, marking a real growth …
Uzbek soum declines moderately against US dollar
As of 22 August, the Uzbek soum has moderately depreciated against the US dollar, reaching 12,640. Over the past week, …
Uzbekistan and Türkiye discuss cooperation on pension provision for citizens
An online dialogue was held with the participation of representatives from Uzbekistan’s Pension Fund, the Agency for External Labor Migration, …
Hamkorbank secures $100 million loan from FMO
JSC Hamkorbank has secured a loan of 1.26 trillion soums ($100 million) from the Dutch development bank FMO.
Banks in Uzbekistan to offer Islamic finance services
Uzbekistan is set to significantly expand opportunities for providing financial services based on Islamic finance principles. This announcement was made …
NAPP suspends license of Neo Insurance
The National Agency for Prospective Projects (NAPP) has suspended the license of Neo Insurance Corp for 10 days.
CBU hosts a meeting with representatives of China Electronics Corporation (CEC)
A meeting was held at the Central Bank of Uzbekistan with representatives from the China Electronics Corporation (CEC).
Fines imposed on several Uzbek insurance companies
The National Agency for Prospective Projects (NAPP) has imposed fines on five insurance companies as part of its supervisory functions, …