Microcredit Bank will direct 42 billion soums, allocated by Uzbek President Islam Karimov withhis resolution on 12 July 2007, to increase its charter capital.
Hamkor Bank actively cooperates with foreign and international companies and financial institutions. One of them is the European Bank for Reconstruction and Development (EBRD). The loans issued by this financial institution help provide assistance to the private sector participants.
Prime Minister of Kazakhstan Karim Massimov has participated in the presentation of the Development Bank of Kazakhstan today in Tashkent within the frame of his official visit to Uzbekistan.
In January -June 2007 the aggregate capital of commercial banks increased by 17.2% compared to the same period of the previous year, UzReport.com reported.
Russia’s Expert RA, rating agency, assigned A rating to National Bank of Uzbekistan for Foreign Economic Activities (NBU).
Transinsurance Uzbek-Swiss Reinsurance Company has summed up the first half-year results. The analysis of the company’s performance revealed that in January-June 2007, the company continued to develop stably and dynamically. Thus, the premium revenue from reinsurance operations for the reporting period comprised 835 million soums.
Ipak Yuli Bank has begun to issue VISA VSDC cards, according to the bank’s press service. On 16 July 2006, as an affiliated member of the Visa International payment system, Ipak Yuli Bank started to issue international Visa Classic cards.
Russian Vneshtorgbank (VTB) intends to spread its presence to all countries of the CIS by mid-2008. The bank is prepared to invest some US$1.5 billion in the capitalization of the existing and acquisition of new banks on the territory of the Commonwealth, Regnum quoted the President and CEO of the Bank Andrey Kostin.
International Finance Corporation (IFC) has launched website www.ifc.org/acalf of its Azerbaijan-Central Asia Leasing Facility (ACALF) Advisory Services Project.