Finance

Uzbekistan’s budget surplus at 1.9% of GDP in 1H

Uzbekistan had a budget surplus of 201.5 billion soums, or 1.9% of GDP, in the first half of 2007, representative of Uzbek Finance Ministry told at the session of Legislative Chamber’s Budget and Economic Reform Committee said.

Expert RA to develop cooperation with Uzbek partners

A classic credit rating is the result of a large-scale labourious research reflected in a single final indicator, which portrays the company’s overall reliability. This and other related issues were discussed at a roundtable meeting held by the representatives of the financial sector of Uzbekistan on 17 August at the Ministry of Finance of Uzbekistan.

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Rating - powerful tool for attracting investors

On 17 August, the Ministry of Finance of Uzbekistan hosted a roundtable meeting, which discussed rating as a powerful tool for attracting investors.

Third session of SCO Interbank Consortium Council opens in Bishkek

A series of bilateral agreements were signed at the Third session of the Council of the Shanghai Cooperation Organization (SCO) Interbank Consortium, which opened in the Kyrgyz capital on 15 August.

Central Bank issues licenses to credit union, micro credit organization

Central Bank of Uzbekistan issued licenses to credit union in Ferghana and micro credit organization in Karshi, the bank said at its official website.

New insurance company receives license

Ministry of Finance of Uzbekistan issued an insurance license to the Garant Insurance Group on 8 August. The license allows the company to provide voluntary and obligatory insurance services in 13 categories of general insurance, UzReport.com.

Central Bank updates license of Trust Bank

Central Bank of Uzbekistan updated a license of Trust Bank in connection with re-organization of the bank.

Ipoteka Bank planning to raise its capital 2.4 times to 26bn soums

Ipoteka (Mortgage) Bank started floatation of the third emission of shares for 15 billion soums, which will increase its capital by 2.4 times to 26 billion soums.

Aloka Bank extends 27.6bn soums in loans in 1H 2007

Aloka Bank allocated 13.3 billion soums to support small and private businesses, which in turn helped create 5,020 new jobs.

Ingosstrakh planning to acquire insurers in Uzbekistan - report

Russian Ingosstrakh Insurance Company will acquire several insurance companies in Kazakhstan, Azerbaijan and Uzbekistan by the end of the year , Prime-Tass reported quoting the Director General of Ingosstrakh Alexander Grigoryev.

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