During the pandemic, commercial banks of the Republic of Uzbekistan faced great risks associated with restricting clients’ access to bank offices, increasing the insolvency of borrowers, reducing the quality of assets and income. As a countermeasure, banks are increasing investments in digital remote banking technologies, optimizing costs, and introducing modern risk management methods.
Fitch Ratings has assigned National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) ratings, including a Long-Term Issuer Default Rating (IDR) of ‘BB-’ with a Stable Outlook and a Viability Rating (VR) of ‘b’.
About 1,400 candidates for study at the Banking and Finance Academy have already registered to participate in the case championship. For the first time, admission to a university is carried out in the format of team tests, aptitude tests and interviews with employers.
The volume of official reserve assets of Uzbekistan as of 1 August 2020 exceeded US$34.77 billion, according to data from the Central Bank.
IFC, a member of the World Bank Group, supported private sector growth in Europe and Central Asia throughout the past year, helping sustain economies and protect jobs amid an unprecedented global crisis.
The Asian Infrastructure Investment Bank’s (AIIB) Board of Directors has approved a loan of US$100 million to Uzbekistan to strengthen the country’s public health emergency response and preparedness to address the COVID-19 pandemic and enhance its resilience to future public health disasters.
Humans launched a VISA payment system card with an account in soums. This was announced today by the founder and CEO of Humans, Vladimir Dobrynin.
In August 2020, Humans received a license from the Ministry for the Development of Information Technologies and Communications of the Republic of Uzbekistan to provide mobile communication services.