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Finance 04/01/2011 New requirements to minimum size of banks’ charter capital enters into force in Uzbekistan
New requirements to minimum size of banks’ charter capital enters into force in Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- New requirements to minimum size of the charter capital of banks entered into force in Uzbekistan from 1 January 2011.

New requirements were set in line with the presidential resolution “On measures on further improving financial sustainability and strengthening of investment activity of the banking system” from 6 April 2010.

In line with the document, the minimal size of the charter capitals to newly created banks set at 10 million euros for commercial banks and 5 million euros for private banks in soums equivalent.

According to the Central Bank of Uzbekistan, currently about 31 commercial banks operate in the country.

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