S&P Global Ratings raised its long-term issuer credit ratings to ‘BB-’ from ‘B+’ on two Uzbekistan-based banks: Uzpromstroybank and Ipoteka Bank JSCM. The outlooks are stable.
President of the Republic of Uzbekistan Shavkat Mirziyoyev held a meeting on October 25 on the priority tasks of reforming the banking system and increasing the investment activity of banks.
Cash turnover through bank cash desks for January-September 2019 made up 195.1 trillion soums and compared with the same period of last year increased by 1.7 times, according to the press service of the Central Bank.
Representatives of the Uzbekinvest National Export-Import Insurance Company took part in the next meeting of the Berne Union, which has been a member since 1997, from 20 to 24 October.
On 24 October, a press conference was held on measures to support manufacturers of building materials in the system of Uzpromstroybank.
In Washington, a meeting was held between Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov and World Bank President David Malpass.
Within the framework of the Annual Meetings of the Governing Council of the World Bank and the International Monetary Fund, a delegation of Uzbekistan met with Vice President of the Asian Development Bank (ADB) Shixin Chen, the press service of the Ministry of Investment and Foreign Trade reported.
On 19 October, a meeting was held between Minister of Investment and Foreign Trade Sardor Umurzakov and the newly appointed managing director of the International Monetary Fund (IMF) Kristalina Georgieva, the Press Service of the Ministry of Investment and Foreign Trade reports.