New edition of Tax Code came into force in Uzbekistan on 1 January 2008.
Moody’s Investors Service on 27 December assigned the following global-scale ratings to the National Bank for Foreign Economic Activity of the Republic of Uzbekistan ("NBU"): a bank financial strength rating ("BFSR") of E+, long-term and short-term local currency deposit ratings of Ba3/Not Prime and long-term and short-term foreign currency deposit ratings of B3/Not Prime. All ratings carry a stable outlook.
Moody’s Investors Service said it assigned National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) a bank financial strength rating (BFSR) of ’E+’, long and short-term local currency deposit ratings of ’Ba3/Not Prime’ and long-term and short-term foreign currency deposit ratings of ’B3/Not Prime’ with a stable outlook.
Uzbekistan-based Gallabank will increase its share capital 2.7-fold to 38 billion soums through a 14th supplementary issue of shares for 24 billion soums, the Interfax reported quoting the bank.
The Export and Import Bank of Korea (Korean Eximbank) opened an office in Tashkent, capital city of Uzbekistan, on Wednesday to help Korean companies expand operations in Central Asia.
Fitch Ratings has on 10 December assigned Uzbekistan’s Hamkorbank ratings of Long-term Issuer Default (IDR) ’B-’ (B minus) with Stable Outlook, Short-term IDR ’B’, Individual ’D/E’, Support ’5’ and Support Rating Floor ’No Floor’.
The seminar on “The aspects of taxation of micro credit organizations and credit unions in accordance with revised Tax Code” took place on 6 December 2007.
Aggregate capital of commercial banks comprised 1.305 trillion soums as of 1 November 2007 or up 9.1 times compared to 2000.
Vneshtorgbank (VTB), the second largest bank of Russia, submitted application to purchase Capital Bank of Uzbekistan, head of VTB Andrei Kostin said.