Shanghai Cooperation Organization (SCO) member countries should consider switching from settling in US dollars to national currencies when conducting trade, Interfax reported quoting Vladimir Dmitriyev, head of Russia’s Vnesheconombank (VEB), on 30 October.
Uzpromstroybank, one of the three largest banks of Uzbekistan, will issue new emission of shares worth 65.4 million soums to increase charter capital by 2.9 times.
Kazakh Prime Minister Karim Masimov has proposed a meeting of finance ministers and central banks’ heads of the Shanghai Cooperation Organization (SCO) in Almaty in the near future, Interfax reported.
Bank assets in Uzbekistan grew by 29.6% year-on-year in January-September 2008 to 11.798 trillion soums, the Central Bank said on a statement on Monday, 27 October.
Narodniy Bank (People’s Bank) of Uzbekistan will increase its charter capital to 200 billion soums within next four years, the presidential resolution said.
Central Bank of Uzbekistan re-issued license to Osiyo Trust credit union in connection with change of postal address of the organization.
Central Bank of Uzbekistan issued licenses to seven organizations to carry out activity of credit unions in the country.
The consolidated balance of National Bank of Uzbekistan for Foreign Economic Activity (NBU) made up 5.308 trillion soums and the capital comprised 585 billion soums at the end of the third quarter of 2008, the bank said in a statement on Thursday, 23 October.
UNIStream, an international money transfer system, said on 23 October that its turnover in Uzbekistan increased by 97% year-on-year [from US$142 million in the third quarter of 2007] to US$281 million in the third quarter (July-September) of 2008.or increased by 97% compared to the same period of 2007.