The regulator said that in line with the laws of Uzbekistan “On Central Bank of Uzbekistan” and “On currency regulation” Universalbank received a license on conducting transitions with hard currency.

The Central Bank of Uzbekistan revoked the license of Universalbank for conducting operations with hard currency in 2012 due to violation of banking legislation on currency regulation.

Private joint stock commercial bank Universalbank was founded on 25 May 2002 with charter capital of 0.05 billion soums on the base of Qoqand private open joint stock commercial bank.

The headquarters of the bank is located in Qoqand city, Ferghana region of Uzbekistan. The main clients of the bank are small and private businesses, as well as retail clients.

As of 1 January 2015, the volume of capital of the bank makes up 20.04 billion soums. Assets of Universalbank exceed 76.502 billion soums.