Finance

The most active banks of Uzbekistan in the IV quarter of 2022 have been identified. What has changed?

The Center for Economic Research and Reforms (CERR) has updated the "Bank Activity Index" for 29 commercial banks of Uzbekistan, on the basis of which a quarterly rating of banks has been compiled. The study is conducted to monitor changes in the share of the private sector in banking assets, as well as to assess the effectiveness of reforms and transformation processes in the banking sector of Uzbekistan.

The average salary of citizens amounted to 6.3 million soums in Tashkent

According to the Agency on Statistics. in January-December 2022, the highest indicator of the average monthly salary by type of economic activity was in banking, insurance, leasing and credit intermediary activities – 10.81 million soums.

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The number of bank cards in circulation exceeds 34.19 million

The number of bank cards in circulation in Uzbekistan exceeded 34.19 million. This was reported by the Central Bank of Uzbekistan.

Central Bank: the volume of bank turnover of cash in 2022 makes up 700.3 trillion soums

In 2022, the volume of banking cash turnover in Uzbekistan amounted to 700.3 trillion soums, and increased by 38.1 percent compared to 2021. This was reported by the Central Bank of Uzbekistan.

Uzbekistan receives US$17 billion in remittances in 2022

Uzbekistan received US$16.9 billion in remittances in 2022, Chairman of the Central Bank of Uzbekistan Mamarizo Nurmuratov said at a press conference on 26 January.

Moody’s takes rating actions on 7 banks in Uzbekistan

Moody’s Investors Service ("Moody’s") today took rating actions on 7 Uzbek banks. These follow the upgrade of Uzbekistan’s sovereign rating to Ba3 (stable outlook) from B1 (positive outlook), and raising of the country’s local and foreign currency ceilings to Ba1 and Ba3 from Ba2 and B1, respectively, on 20 January 2023.

EBRD invests record US$900 million in Uzbekistan

In 2022 the European Bank for Reconstruction and Development (EBRD) invested almost US$900 million (€839 million) in 26 projects in Uzbekistan, making it the leading recipient of its funding in Central Asia for the third year running. Investments were made in sectors ranging from renewable energy to banking.

CBU keeps the policy rate at 15 percent per annum

At a meeting on 26 January 2023, the Board of Governors of the Central Bank of Uzbekistan kept the policy rate unchanged, at 15 percent per annum

About 270 trillion soums of investments in fixed assets were disbursed in Uzbekistan

In January-December 2022, 269.9 trillion soums of investments in fixed assets were disbursed and, compared to 2021, this amounted to 100.9%.

IPMI experts analyzed the level of competition in the banking system of Uzbekistan

IPMI experts analyzed the level of competition in the banking system of Uzbekistan.

Currency rates from 27/01/2023

$ 1 11320.02 +0.242%
€ 1 12334.29 +0.380%
₽ 1 164.02 +0.098%
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