By a resolution of the Banking Supervision Committee of the Central Bank of the Republic of Uzbekistan from 1 June 2020, the Joint-Stock Company “Uzbekistan Mortgage Refinancing Company” was registered in the register of mortgage refinancing enterprises.
At the meetings of the Central Bank’s leadership held on 4-5 June, the uninterrupted operation of established payment terminals and ATMs in this territory was monitored in Kashkadarya and Surkhandarya regions.
Representatives of the Central Bank took part in the Conference of the Regional Initiative of the Countries of Eastern Europe and Central Asia (ECAPI) of the Alliance for Financial Accessibility (AFI), held in an online format on 1-3 June 2020, the press service said Central Bank
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Uzbek Industrial and Construction Bank (UIСB, also known as Uzpromstroybank), Joint Stock Commercial Bank Asaka, OJSC Agrobank (Agro) and Microcreditbank (MCB) at ‘BB-’, with Stable Outlooks. Fitch has also affirmed the banks’ Viability Ratings (VR). A full list of rating actions is at the end of this commentary.
Between January and April of 2020, the total volume of foreign investments made up US$2.5 billion, including foreign direct investment - US$1.7 billion and foreign loans - US$831 million.
The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Ipoteka Bank from Uzbekistan today signed an agreement providing guarantees to support trade in the country.
At the next plenary meeting of the Legislative Chamber of the Oliy Majlis, a new version of the draft law “On Auditing” was considered. The document caused a heated discussion of members of parliament.
At an electronic exchange trading, the state-owned 25% stake in the authorized capital of Kafolat insurance company was sold for 22.59 billion soums. This was reported by the press service of the State Assets Management Agency.
On 1 June 2020, the regular plenary meeting of the Legislative Chamber of the Oliy Majlis was held, at which the deputies considered a report on the implementation of the State budget and budgets of state trust funds of the Republic of Uzbekistan for 2019. This was reported by the press service of the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan.