Finance
Finance
EBRD aims for long-term cooperation with Uzbekistan
European Bank for Reconstruction and Development (EBRD) is aiming for a long-term cooperation with Uzbekistan, the EBRD Managing Director for Central Asia and Russia Natalia …
Exporters to sell 25% of hard currency revenue to banks
The Government of Uzbekistan introduced changes to the procedure of compulsory sale of hard currency revenue by business entities.
Pensions, allowances and scholarships to be paid in cash from February
All pensions in Uzbekistan will be paid fully in cash without any limitations from February 2017.
Aggregate capital of banks reaches 9.4 trln. soums
Aggregate capital of the banking system of Uzbekistan as of 1 January 2017 reached over 9.4 trillion soums, which grew …
Assets of non-banking microcredit organizations reach 160bn soums
Total assets of non-banking microcredit organizations of Uzbekistan made up about 160 billion soums as of the beginning of 2017, …
Uzbekinvest collects premiums for 104bn soums in 2016
National export-import insurance company Uzbekinvest collected insurance premiums for 104 billion soums in 2016, which rose by 30.8% year-on-year.
CBU keeps refinancing rate at 9% APR
The Board of the Central Bank of Uzbekistan kept the refinancing rate at the level of 9% APR.
Fitch upgrades 3 private Uzbek banks
Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDR) of Ipak Yuli Bank (IY) and PJSB Trustbank (TB) to …
Uzagroexportbank to be opened in Uzbekistan
Joint stock commercial bank Uzagroexportbank (Uzbek Agriculture Export Bank) will be created in Uzbekistan.
Aggregate assets of Asaka Bank reach 10.45bn soums
Aggregate assets of Asaka Bank as of 1 January 2017 rose by 3.04 trillion soums and reached 10.45 trillion soums, …