It was noted that the activities of the Central Bank in 2011 was directed at execution law “On Central Bank of Uzbekistan” and tasks, determined by the President of Uzbekistan, resolution of parliament, state programmes, etc.

In 2011, the priority tasks of the banking system is further deepening reforms, increasing efficiency, sustainability and liquidity of the banking system, achievement of high international rating. The macroeconomic stability was ensured and the inflation was kept in forecasted volume. In 2011, the inflation rate made u 7.6% and aggregate capital of commercial banks rose by 30.1%. The assets rose by 32.4%.

The loans issued to small and private businesses increased 1.5 times year-on-year to 4.1 trillion soums and microloans – 752 billion soums (1.5 times). This helped to create 291,000 new jobs. The volume of deposits grew by 36.3% year-on-year in 2011.

During the discussion, Senators underlined that it is necessary to ensure sustainability of the banking system to deepen market reforms and liberalization of economy.