Commercial banks of Uzbekistan are taking measures to further expand non-cash payments, and reduce off-bank circulation of cash.
Consumer prices index in Uzbekistan slowed down from 3.5% in the first half of 2006 to 2.7% in the same period of 2007, a publication of Economy Ministry and State Statistic Committee of Uzbekistan said.
Uzbekistan utilized 2.631 trillion soums of investments from all sources in the first half of 2007 or 52.2% to annual forecast, a publication of Economy Ministry and State Statistic Committee of Uzbekistan said.
Microcredit Bank will direct 42 billion soums, allocated by Uzbek President Islam Karimov withhis resolution on 12 July 2007, to increase its charter capital.
Hamkor Bank actively cooperates with foreign and international companies and financial institutions. One of them is the European Bank for Reconstruction and Development (EBRD). The loans issued by this financial institution help provide assistance to the private sector participants.
Prime Minister of Kazakhstan Karim Massimov has participated in the presentation of the Development Bank of Kazakhstan today in Tashkent within the frame of his official visit to Uzbekistan.
In January -June 2007 the aggregate capital of commercial banks increased by 17.2% compared to the same period of the previous year, UzReport.com reported.
Russia’s Expert RA, rating agency, assigned A rating to National Bank of Uzbekistan for Foreign Economic Activities (NBU).
Transinsurance Uzbek-Swiss Reinsurance Company has summed up the first half-year results. The analysis of the company’s performance revealed that in January-June 2007, the company continued to develop stably and dynamically. Thus, the premium revenue from reinsurance operations for the reporting period comprised 835 million soums.