Tashkent, Uzbekistan (UzDaily.com) -- Eurasian Bank JSC has been issued a permit to establish a subsidiary in Uzbekistan. This was reported by the Agency of the Republic of Kazakhstan for the regulation and development of the financial market.

The Board of the Agency of the Republic of Kazakhstan for the regulation and development of the financial market adopted a resolution “On issuing permission to the Eurasian Bank Joint Stock Company to establish a subsidiary in the Republic of Uzbekistan – the Eurasian Bank Joint Stock Company”.

This will be the second financial organization of Kazakhstan in Uzbekistan. JSC "Halyk Bank of Kazakhstan" operates under the Tenge Bank brand in Uzbekistan.