Tashkent, Uzbekistan (UzDaily.com) -- The Central Bank, together with the Ministry of Finance of Uzbekistan, held a meeting with representatives of the European Bank for Development and Reconstruction.

During the meeting, the parties discussed the development of the banking sector in Uzbekistan, paying special attention to the process of transformation of commercial banks, in particular JSCB "Asaka" and "Aloqabank".

It was noted that currently the banks have been diagnosed, based on the results of which the EBRD will develop a scenario for the transformation of two commercial banks.

It was emphasized at the meeting that the European Bank for Development and Reconstruction supports the Central Bank’s strategy based on increasing the capitalization of banks and aimed at achieving more confident growth and better quality of lending to the real sector of the economy, including also attracting new foreign investors to the capital structure of banks. The success of this process will enable the EBRD to develop full-scale multilateral cooperation in the banking sector in Uzbekistan.

Following the meeting, the participants expressed their hope for further close cooperation in the field of transformation and preparation for the privatization of banks with state shares.