Finance

The winners of the “Financial Literacy Championship” announced

As part of the Global Money Week international campaign, the finals of the Financial Literacy Championship among students of higher educational institutions of Uzbekistan took place.

ROSEXIMBANK and Agrobank are implementing a pilot project to finance the supply of Russian high-tech products to Uzbekistan

ROSEKSIMBANK JSC, a member of REC Group, and one of the largest banks of Uzbekistan Agrobank, within the framework of the INNOPROM international industrial exhibition in Tashkent, signed a loan agreement to finance the supply of Russian equipment to Uzbekistan for the production of modified bitumen.

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Enterprises of Uzbekistan produce industrial products worth 91.5 trillion soums

19/04/2021Read more

Uzbekistan is dynamically developing cooperation with ACWA Power

19/04/2021Read more

Transformation of the enterprise of the aviation industry considered

19/04/2021Read more

Fitch Rates Ipoteka-Bank’s UZS-Denominated Eurobonds ‘BB-(EXP)’

Fitch Ratings has assigned Joint-Stock Commercial Mortgage Bank Ipoteka-Bank’s (Ipoteka) upcoming issue of Uzbekistan soums-denominated senior unsecured Eurobonds an expected long-term rating of ‘BB-(EXP)’/’RR4’.

Moody’s assigns a B2 IFSR to Euroasia Insurance JV LLC; stable outlook

Moody’s Investors Service ("Moody’s") has assigned B2 insurance financial strength ratings (IFSRs) to Euroasia Insurance JV LLC (EAI). The outlook is stable.

Uzbekistani Banks Are Performing Well Despite COVID-19-Related Economic Shock In 2020

S&P Global Ratings said that state- and foreign-owned banks in Uzbekistan performed generally above expectations in 2020 despite the pandemic. However, the sovereign's creditworthiness constrains our ratings and outlooks on the banks. Results for privately owned banks in 2020 were mixed, and while some outperformed peers, some small banks’ performances were challenged in 2020.

Various Rating Actions Taken On Uzbek Banks On Resilient Performance Despite The Pandemic’s Impact

S&P Global Ratings today said it took the following actions on the Uzbekistan-based banks it rates:

Russian experts pay visit to State Tax Committee of Uzbekistan

A group of experts from the Russian Federation began a visit to the State Tax Committee of Uzbekistan.

Khalq Bank signs a loan agreement with Sovcombank during INNOPROM

Khalq Bank receives a loan in the national currency of the country from Sovcombank of Russia.

Prospects for the IFC bond issue on the local capital market considered

The Central Bank hosted a meeting with a delegation of the International Finance Corporation (IFC) led by regional manager for Central Asia Cassandra Colbert.

Capital Market Development Agency signs an agreement with the Islamic Development Bank and UNDP on the implementation of Sukuk securities

The Agency for the Development of the Capital Market is one of the first state bodies that began work on the introduction and popularization of securities based on the principles of Islamic finance ("Sukuk").

Currency rates from 20/04/2021

$ 1 10525.64 +0.128%
€ 1 12670.77 +0.630%
₽ 1 138.40 -0.166%
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