Finance

Uzbekistan to sell stakes in 3 insurance companies by 2010

Uzbekistan will sell its shares in three largest Uzbek insurance companies by 2010, a special programme on reforms and development of insurance market said.

Population’s savings increasing in Uzbekistan

Volume of deposits of population at commercial banks increased by 7.4 times in last five years, a roundtable in Tashkent said.

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Aloqa Bank issues about 22,000 plastic cards

Aloqa Bank joint stock commercial bank issued 1,526 plastic cards in the first quarter of 2006 and their total number reached 21,940.

Uzbekistan founds Association of Professional Insurance Market Participants

Uzbek president Islam Karimov signed a decree “On further reforming and development of the insurance services market” on 10 April 2007.

Insurance Market of Uzbekistan: Q1 2007 financial results

In the first quarter of the current year, Uzbek insurance companies wrote over 19.7 billion soums in premiums, up by 70.9% compared to Q1 2006. Claims paid did not see considerable changes in comparison with the previous year and amounted to over 1.5 billion soums, the State Inspection for Insurance Supervision of the Uzbekistan Ministry of Finance reported early in April.

Leaders and outsiders of Uzbek insurance market: 1Q overview

The aggregate premium revenue and premium revenue per one insurance contract are important indicators of an insurance company’s performance.

Aloqa Bank, China Development Bank sign memorandum of understanding

A delegation of China Development Bank led by its Assistant Governor Zhao Jianping met Deputy Prime Minister and director-general of Uzbek Agency for Communication and Information Abdulla Aripov.

Ipoteka Bank’s assets increases by 11.4% in 1Q

Assets of Ipoteka Bank increased by 11.4% to 493.2 billion soums in the first quarter of 2007.

New chief of Uzbek State Insurance Inspectorate appointed

New chief of State Insurance Inspectorate was presented to the staff of the Ministry of Finance of the Republic of Uzbekistan on 9 April.

Galla Bank’s plastic card transactions up 4 times

The number of plastic cards issued by Galla Bank reached 70,700 as of 1 April 2007, the Head of the bank’s Plastic Cards Department Muftilla Saitmuratov said. The figure has grown by 7,000 since April 2006.

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