Finance

IPT for Ipoteka Bank Eurobonds announced

On 9 November 2020, Ipoteka-Bank announced the issue of 5-year international bonds listed on the London Stock Exchange, which made it possible to become a full-fledged participant in the international capital market.

The new edition of the Law of Uzbekistan "On audit activity" was approved by the deputies

On 10 November 2020, a plenary session was held at the Legislative Chamber of the Oliy Majlis of the Republic of Uzbekistan to discuss the second reading of the bill of the Republic of Uzbekistan "On Auditing Activities".

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Sberbank in Russia speaks Uzbek and Tajik

Sberbank makes its services available to clients who do not speak Russian. That is why Sberbank operators speak English - for this you need to press the number 9. Moreover, the bank is not limited to two languages. Thus, the bank’s clients, having called the contact center, today can hear a greeting in Uzbek and Tajik.

An agreement signed between the Ministry of Finance and the International Financial Reporting Standards Fund

An agreement was signed between the International Financial Reporting Standards Fund (IFRS), an independent international organization that develops and approves unified standards and the Ministry of Finance.

Uzpromstroybank establishes an underwriting system

Uzpromstroybank established an underwriting system, the press service of the bank said.

Uzbek Finance Minister holds meeting with Suma Chakrabarti

On 9 November, in the format of a video conference, the Minister of Finance of the Republic of Uzbekistan Timur Ishmetov met with the adviser to the President of the Republic of Uzbekistan on economic development, effective management and international cooperation Suma Chakrabarti, during which urgent issues in priority areas of cooperation and a number of reforms proposed for implementation were discussed.

Tuition fees of IFRS are covered by the state.

In accordance with the Decree of the President of the Republic of Uzbekistan No. PF-4611 for 2020-2025 training in accredited training centers on IFRS (Financial Reporting on IFRS, Diploma in International Financial Reporting (DipIFR ACCA) courses, etc.) in the framework of international certification of accountants, the costs of advanced training, training using interactive methods, as well as registration for the initial registration and examination in the Republic of Uzbekistan in the framework of international certification of accountants are covered by the republican budget of the Republic of Uzbekistan and other sources not prohibited by law.

Fitch rates Ipoteka-Bank’s debut eurobonds ‘BB-(EXP)’

Fitch Ratings has assigned Ipoteka-Bank’s (Ipoteka) upcoming issue of U.S. dollar-denominated senior unsecured Eurobonds an expected long-term rating of ‘BB-(EXP)’.

Ipoteka Bank’s proposed senior unsecured notes rated ‘BB-’

S&P Global Ratings assigned its ‘BB-’ long-term issue rating to the U.S. dollar-denominated senior unsecured notes to be issued by Ipoteka Bank JSCM (BB-/Negative/B).

Amendments have been made to some legislative acts

The President of Uzbekistan signed the Law "On Amendments and Additions to Certain Legislative Acts of the Republic of Uzbekistan".

Currency rates from 01/12/2020

$ 1 10427.38 +0.120%
€ 1 12473.23 +1.041%
₽ 1 137.48 +0.578%
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