Finance
Finance
Trustbank Registers 1 Trillion Soums Additional Share Issue
Trustbank has registered an additional issue of ordinary and preferred shares worth 1 trillion soums to double its charter capital through equity.
Asia Alliance Bank to Issue $20 Million in Foreign Currency Bonds
Asia Alliance Bank's supervisory board has approved the issuance of US$20 million in foreign currency bonds with a 7% annual …
Uzbekistan Discusses Development of Waqf System in Tashkent
Uzbekistan held a high-level roundtable with IsDBI and UNDP to discuss recommendations for creating a legal and institutional framework for …
Uzbekistan Proposes Simplifying Tax Deferral Procedures
Uzbekistan's Ministry of Justice has published a draft bill to simplify rules for obtaining tax deferrals and installment plans.
Uzbekistan Central Bank Tightens Data Rules for Nonbank Lenders
Uzbekistan’s Central Bank now requires nonbank credit organizations to store clients’ biometric data in the country.
Uzbekistan’s Soum Bonds to Join GBI-EM Index on 30 September
Uzbekistan’s soum-denominated sovereign bonds will join J.P. Morgan’s GBI-EM index from 30 September, expanding access to international investors.
Uzbekistan’s International Reserves Rise to US$64.3 Billion
Uzbekistan’s international reserves rose 0.93% in July to US$64.35 billion, driven mainly by an increase in the value of gold …
Uzbekistan Lowers Threshold for Transactions Without Checks
Uzbekistan has lowered the threshold for transactions without customer due diligence to 175 million soums, in line with FATF recommendations.
Fitch Sees Improving Fundamentals in Uzbekistan Insurance
Fitch Ratings says Uzbekistan’s insurance sector is benefiting from stronger regulation, rising premiums and an improving operating environment.
Uzbekistan to Preserve Pension Payments After Move to Kyrgyzstan
Uzbekistan will continue pension payments to citizens who move permanently to Kyrgyzstan under a new social insurance agreement.