Finance

Central Bank changes licenses of two banks

The Central Bank of Uzbekistan replaced licenses of two Uzbek commercial banks, the Uzbek regulator said.

Central Bank issues license to new private commercial bank

The Central Bank of Uzbekistan has issued a license to Tashkent-based Invest Finance Bank, an open private joint-stock commercial bank, to carry out banking operations, the Uzbek regulator said on 7 January. The regulator added it has registered the new bank in the State Registrar of Commercial Banks.

Latest News

To the dream through silence

03/12/2021Read more

Data on Healthcare Expenditures in Uzbekistan are now public

03/12/2021Read more

President of Uzbekistan to visit Kazakhstan

03/12/2021Read more

New Tax Code comes into force in Uzbekistan

New edition of Tax Code came into force in Uzbekistan on 1 January 2008.

Moody’s assigns Ba3/NP/E+ ratings to National Bank of Uzbekistan -- fuller

Moody’s Investors Service on 27 December assigned the following global-scale ratings to the National Bank for Foreign Economic Activity of the Republic of Uzbekistan ("NBU"): a bank financial strength rating ("BFSR") of E+, long-term and short-term local currency deposit ratings of Ba3/Not Prime and long-term and short-term foreign currency deposit ratings of B3/Not Prime. All ratings carry a stable outlook.

National Bank of Uzbekistan assigned ’E+’ BFSR - Moody’s

Moody’s Investors Service said it assigned National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) a bank financial strength rating (BFSR) of ’E+’, long and short-term local currency deposit ratings of ’Ba3/Not Prime’ and long-term and short-term foreign currency deposit ratings of ’B3/Not Prime’ with a stable outlook.

Uzbekistan’s Gallabank to boost share capital 2.7-fold

Uzbekistan-based Gallabank will increase its share capital 2.7-fold to 38 billion soums through a 14th supplementary issue of shares for 24 billion soums, the Interfax reported quoting the bank.

Korean Eximbank opens office in Uzbekistan

The Export and Import Bank of Korea (Korean Eximbank) opened an office in Tashkent, capital city of Uzbekistan, on Wednesday to help Korean companies expand operations in Central Asia.

Fitch assigns Hamkorbank ’B-’ rating; outlook stable

Fitch Ratings has on 10 December assigned Uzbekistan’s Hamkorbank ratings of Long-term Issuer Default (IDR) ’B-’ (B minus) with Stable Outlook, Short-term IDR ’B’, Individual ’D/E’, Support ’5’ and Support Rating Floor ’No Floor’.

Taxation of micro credit organizations and credit unions in New Tax Code

The seminar on “The aspects of taxation of micro credit organizations and credit unions in accordance with revised Tax Code” took place on 6 December 2007.

Commercial banks’ assets reach 9.2 trln soums

Aggregate capital of commercial banks comprised 1.305 trillion soums as of 1 November 2007 or up 9.1 times compared to 2000.

Currency rates from 03/12/2021

$ 1 10760.27 -0.058%
€ 1 12186.01 -0.067%
₽ 1 145.55 -0.034%
Other currencies »