Tashkent, Uzbekistan (UzDaily.com) -- Shares of several state banks of Uzbekistan will be publicly placed on the stock exchange in 2022-2023. Shares of two state-owned banks will be put up for sale.

President of Uzbekistan Shavkat Mirziyoyev signed a resolution "On additional measures to further reduce state participation in the economy and accelerate privatization."

According to the document, until 1 October 2022, the shares of Qishloq Qurilish Bank will be placed on the stock exchange via IPO.

Until 1 July  2023, Khalq Bank, Microcreditbank, Aloqabank, Agrobank and the National Bank of Uzbekistan will also hold their IPOs.

At the same time, as noted in the document, the shares of Uzpromstroybank and Asakabank will be put up for sale until the end of 2022. IFC, EBRD and the Hungarian bank OTB will take part in this process.