The Senate’s press service said that officials of Cabinet of Ministers, Central Bank, commercial banks, experts and others attended the event along with the Senators.

Senators considered activities of the Central Bank of Uzbekistan for 2014. It was underlined that the level of capital adequacy of the banking system in 2014, which exceeds normative requirements, set by Basel Committee for Banking Supervision, by three times (8%).

Level of current liquidity exceeds 64.62%, which is two times higher compared to internationally set minim requirement (30%). The assets of the banks grew by 28.2% year-on-year and made up 56.2 billion soums.

The volume of loans, issued to real sector of economy rose by 31.2%, while loans, issued due to internal resources, made up 86% from total volume of loans. The share of loans issued for over three years was 79.6% from total loan portfolio.

The commercial banks increased financing of investment projects on modernization and re-equipment enterprises by 20% year-on-year to 8.5 trillion soums in 2014.

Within the implementation of the state programme “The Year of Healthy Children”, the banks allocated loans for 3.8 trillion soums.

The small businesses received loans for 9.2 trillion soums (+1.3 times) in 2014, the volume of issued microloans rose by 1.4 times to 1.9 trillion soums. College graduates got loans for 200.9 billion soums (+1.4 times).

The commercial banks used credit line of international financial institutions for 157.8 million in 2014, the report of the CBU head said. The volume of deposits increased by 30.5% and as of 1 January 2015 reached 28.5 trillion soums.

At the discussions, the Senators noted important role of the Central Bank of Uzbekistan to ensure sustainability of the banking-financial system of the country. They stated that the commercial banks should cooperate with local state bodies in places to finance projects, included to social-economic development programme and the employment programme.

The Senators called the Central Bank to continue gradual realization of measures directed at improving banking supervision, strengthening financial sustainability and stability of the banking sector, attracting free resources of population and business entities to deposits, financing small and private businesses, etc.