The event was organized in cooperation with the Central Bank of Uzbekistan, Uzbekistan Banking Association, and Banking-Finance Academy of Uzbekistan.

Participants noted that timely measures on overcoming negative consequences of global financial-economic crisis, including implementation of projects on modernization and technologic re-equipment of enterprises, support of exporters and creation of new jobs, developing small and private business, created firm foundation for dynamic and gradual development of Uzbekistan’s economy.

In particular, the volume of internal resources, directed to the real sector of economy by the banks, rose by 34 times in last 10 years. This changed the structure of loan portfolio of the commercial banks. In 2000, about 54% loan portfolio fell to share of external debts, as of 1 July 2010 84.9% of loan portfolio is formed due to internal resources.

In the first half of 2010, the volume of loans, directed to modernization, technical and technological re-equipment of enterprises and industries, made up 1.6 trillion soums, which is up by 43% year-on-year.

At the conference the participants paid special attention to role of commercial banks at the modernization of enterprises, support of exporters and small businesses, increasing capitalization and strengthening resources base, as well as improving deposit policy, etc.

Participants also exchanged opinion on practical experience on implementation of laws and legislative acts, improving legislation, adopting new laws and by-laws.

Participants discussed actual directions of banking-finance system, as well as developed practical recommendations on further improvement of the banking-finance activity and legislation. Among proposals were to develop a law “On mortgage securities”, law “On securitization”, law “On credit bureau and exchange of credit information”.