Banks of Uzbekistan to gradually increase the size of the authorized capital
20/04/2023 11:40
Banks of Uzbekistan to gradually increase the size of the authorized capital
20/04/2023 11:40
Tashkent, Uzbekistan (UzDaily.com) -- Commercial banks of Uzbekistan will gradually increase the size of their authorized capital.
President of Uzbekistan Shavkat Mirziyoyev signed a law on amendments to the law “On banks and banking activities”.
According to the law, banks must bring the minimum authorized capital to:
up to 200 billion soums - by 1 September 2023;
up to 350 billion soums - by 1 April 2024;
up to 500 billion soums - by 1 January 2025.
Currently, the minimum authorized capital of banks is 100 billion soums.
In addition, the authorized capital of a bank created or reorganized in the form of a merger, division or separation will be formed based on the amount in force for that period.
19/04/2024Read more
19/04/2024Read more
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