Net audited loss of ABN AMRO Bank NB Uzbekistan, largest bank of Uzbekistan with foreign capitals, made up 919 million soums (US$741,146) in 2006 against net income 943.4 million soums a year earlier.
Nowadays reorganization of banks into Joint Stock Banks and organization of new banks in the form of Joint Stock companies increase the banks’ power in the Equity Market and expand their operations with securities of Uzbekistan. Organizational structure of banks should be established and kept up to Good Governance principles in order to achieve the most effective and efficient results.
Bank Ipak Yuli registered new emission of shares for 2 billion soums in the beginning of May.
Central Bank of Uzbekistan issued a pawnshop license to the Qorasuv-Invest LLC (Tashkent) in accordance with the Article 50 of the Law "On Central Bank of the Republic of Uzbekistan".
Russia’s second largest bank, state-owned Vneshtorgbank (VTB), may acquire a 50% stake in a medium-sized Uzbek Kapitalbank.
State property committee of the Republic of Uzbekistan invited international assessment and consulting companies to participate in the competition for selection of the company to assess value of the 51% shares of the State Joint - Stock Commercial Bank “Asaka”.
The Avian Influenza Advisory Board today approved a grant in the amount of US$2.96 million for Avian Influenza Control and Human Pandemic Preparedness and Response activities in the Republic of Uzbekistan. The grant was provided by the European Union through the Avian and Human Influenza Facility Trust Fund and will be administered by the World Bank. The Project will help strengthen the country’s capacity to prevent the spread of avian influenza among poultry, prevent the transmission of avian influenza from birds to humans, and prepare for a potential pandemic of avian influenza transmissible between humans.
National Bank of Uzbekistan for Foreign Economic Activities (NBU) hosted a meeting with delegations of international investments companies and presented trends of development of economy and banking-finance sector in Uzbekistan, investment climate, privatization processes and other issues.
ADB has launched a fund to provide capital to buy carbon credits at the outset of clean energy projects. Commitments from participants to the Asia Pacific Carbon Fund, part of ADB’s broader Carbon Market Initiative, have now exceeded the US$80 million needed for launch.