18 April 2008 18:43
Fitch Ratings has today assigned Uzbekistan-based Uzpromstroybank (UPSB) ratings of Long-term Issuer Default (IDR) ’B-’ (B minus) with a Stable Outlook, Short-term IDR ’B’, Individual ’D/E’, Support ’5’, and Support Rating Floor ’B-’ (B minus).
18 April 2008 18:32
Fitch Ratings said it assigned Uzbekistan-based Uzpromstroybank (UPSB) its ’B-’ long-term issuer default rating (IDR) with a stable outlook, and ’B’ short-term IDR.
15 April 2008 16:20
Uzbekistan’s nascent banking system benefits from the relative stability of the steadily improving regulatory environment and the system’s growth potential, but is constrained by structural weaknesses, the state’s dominance in the system’s ownership, the volatility in the operating environment and banks’ financial fundamentals and limited competitiveness, says Moody’s Investors Service in its first ’Banking System Outlook’ report for Uzbekistan, published today.
14 April 2008 12:14
Moody’s Investors Service said it assigned an ’E+’ bank financial strength rating (BFSR), ’B3’ long-term and ’Not Prime’ short-term local and foreign currency deposit ratings to Uzbekistan’s Gallabank, with a stable outlook.
10 April 2008 12:40
Executive Director of Asian Development Bank (ADB) Kyung-Hoh Kim is visiting Uzbekistan and held negotiations at several ministries and departments of the country, UzA reported.
08 April 2008 17:02
The Board of Executive Directors of the Islamic Development Bank (IDB), approved new finances amounting to US$ 570.4 million for financing 9 development projects in Iran, Pakistan, Uzbekistan, Niger, Cote d’Ivoire, Guinea , Syria, Morocco and Qatar, and Grants from the Waqf Fund in favour of 6 Muslim Communities in Bosnia Herzegovina, India, USA, Kenya and China. The Board was also informed of 4 other Technical Assistance Projects approved by the President, IDB during the last and current sessions of the Board in favour of Syria, Lebanon, Sudan and Kazakhstan.
04 April 2008 09:46
Russian insurer Ingosstrakh has reached a deal on the acquisition of a 76% stake in the charter capital of Uzbekistan’s Standard Insurance Group, Ingosstrakh said in a statement.
01 April 2008 14:20
Central Bank of Uzbekistan registered new micro credit organizations in the end of March 2008, the bank said in its press release.
31 March 2008 10:18
On 15-16 March, 2008 a two-day workshop on “Taxation of micro credit organizations and credit unions in accordance with revised Tax Code” was held in the conference - hall of the Rovshan hotel.
19 March 2008 11:00
President of Uzbekistan Islam Karimov signed a resolution “On further measures for further expansion of the activity and strengthening of the resource base of the Uzbekistan Reconstruction and Development Fund”.


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