The commission said in a statement that Uktambank is liquidated in line with the resolution of the Board of the Central Bank of Uzbekistan from 13 September 2011.

The commission added that depositors and creditors of the bank can submit applications to execution of the bank’s liabilities within two calendar months.

As reported earlier, the Central Bank of Uzbekistan revoked licenses of Uktambank due to violations of banking legislation.

Open joint stock commercial bank “Uktambank” was opened in 1998. The headquarters of the bank is in Tashkent. The charter capital made up 19.919 billion soums.

As of 1 January 2011, the bank’s assets made up 44.918 billion soums. Own capital exceeded 22.816 billion soums. Net income of the bank in 2010 was 518.4 million soums.