New requirements to minimum size of banks’ charter capital enters into force in Uzbekistan
04/01/2011 08:53
New requirements to minimum size of banks’ charter capital enters into force in Uzbekistan
04/01/2011 08:53
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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