On 12 July, the President of the Republic of Uzbekistan signed a resolution "On measures to further increase liberalization of banks and activate their participation in investments processes on modernization of economy".
Prime Minister of Uzbekistan Shavkat Mirziyayev resolved to adopt on a programme develop micro financing in Uzbekistan till 2010 in early June 2007. The programme envisages creation of new micro finance organization in all regions of Uzbekistan.
Prime Minister of Uzbekistan Shavkat Mirziyayev signed a resolution on further improvement of transaction at e-commerce in June.
Uzbek-Korean Development Bank’s (UzKDB) net profits for the first half of 2007 comprised 2.29 billion soums. To compare, the bank’s profits for the first half-year in 2006 made up 1 billion soums, according to the bank’s press service.
The results of financial and business activity in the year 2006 and the areas for development in 2007 were discussed during the general shareholders meeting of Madad Insurnace Agency.
The Islamic Development Bank (IDB) has extended a credit line to three commercial banks of Uzbekistan.
Uzbekistan plans to attract large volume of investments from Arab Financial Institutions, Foreign Economic Relations, Investments and Trade Minister of Uzbekistan Elyor Ganiyev told at the meeting of the Arab Coordination Group today.
Mr Liqun Jin, Vice-President of the Asian Development Bank (ADB) arrived in Uzbekistan on 30 June with four-day visit.
Islamic Development Bank (IDB) and three Uzbek commercial banks signed agreements on opening credit line of IDB on 3 July.