The bank said new appoints are connected with significant plans on increasing operation, expansion of regional presence and development of bank business. It will also help to strengthen and work of all divisions of Universalbank in line with international standards.

Universalbank said Elbek Yuldashev has been appointed as head of Tashkent city branch (TCB). Central Bank of Uzbekistan approved candidacy of Elbek Yuldashev.

Yuldashev has been working in banking system since 1996. He started his career at Uzprivatbank, an Uzbek-Dutch joint bank. Yuldashev will be responsible for general management and development of Tashkent branch of Universalbank.

Rovashan Jalilov has been appointed as deputy head of TCB. Jalilov has been working in banking sector since 1995. He started his career at Ipoteka Bank (former Uzjilsberbank). Jalilov will be responsible for crediting and money circulation at the bank’s branch.

Qahramon Rasulov has been appointed as deputy head of TCB. Rasulov has been working in banking sector since 1992. He started his career at the Central Bank of Uzbekistan. At Universalbank’s Tashkent, he will be responsible for issue-cash works.

Kamollidin Normuradov was hired as Advisory of Supervisory Council on legal issues. He has been working in banking sector since 1999. He started his work in the banking sector at Bank Ipak Yoli. Normuradov will be responsible for development and legal support in restructuring the bank.

Aziza Mirdjuraev was appointed as Advisory of Supervisory Council on restructuring and economic issues. He has been working in banking sector since 1992. He started his career at Ipoteka Bank. Mirdjuraev will be responsible for wide-scale restructuring and development of the bank.

Universalbank announced wide-scale restructuring, directed at strengthening corporate management, control over operational risks, increasing market share.

New team will give new impulse in order to improve banking institute. All new top managers have experience in management and participated in restructuring process.

In line with its development strategy, Universalbank will try to become one of leaders among medium banks, focusing on serving small and private businesses, as well as individuals. Currently, the bank has operational branch in Qoqand and Tashkent city branch.

Universalbank private open joint stock commercial bank was founded on 25 May 2002 with charter capital of 0.05 billion soums. The headquarters of the bank is located in Qoqand city, Ferghana region. The main clients of the bank are small and private businesses, as well as retail clients.