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Finance 21/07/2011 CBU recommended to improve banking system’s stability
CBU recommended to improve banking system’s stability
Tashkent, Uzbekistan (UzDaily.com) -- Legislative Chamber and Senate of Oliy Majlis of Uzbekistan recommended to the Central Bank of Uzbekistan in cooperation with the commercial bank to adopt measures for further improving stability and strength of the banking system.

On 15 July 2011, Prime Minister of Uzbekistan Shavkat Mirziyayev presented a report “On programme of measures, realized by the government on further deepening democratic market reforms and liberalization of economy, as well as implementation of the state programme “The Year of small businesses and private entrepreneurship”.

The parliament adopted a joint resolution “On report of Prime Minister of Uzbekistan Shavkat Mirziyayev “On programme of measures, realized by the government on further deepening democratic market reforms and liberalization of economy, as well as implementation of the state programme “The Year of small businesses and private entrepreneurship”.

Central Bank of Uzbekistan and commercial banks were recommended to increase aggregate capital of commercial banks by 2.1 times in 2011-2015.

Parliament recommended banks to provide loan resources to small businesses, first of all, to projects directed at creation of new, modernizing and re-equipment of existing capacities.

The banks were also recommended to increase service quality of banking and financial services, avoid red tape in serving businesses, including small ones. Parliament recommended Central Bank to tighten control over activity of commercial banks, so they adhere to legislation, business and professional ethics in work with clients.

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