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Finance 30/11/2009 Aggregate investments of NBU to securities make up 349.6bn soums
Aggregate investments of NBU to securities make up 349.6bn soums
Tashkent, Uzbekistan (UzDaily.com) -- Aggregate investments to the securities of the National Bank of Uzbekistan for Foreign Economic Activity (NBU) made up 349.6 billion soums as of 1 November 2009. The investments to securities of the NBU were 39.4 billion soums as of 1 January 2009.

The growth rate of investment portfolio of the NBU comprised 310.2 billion soums in nine months of 2009, the bank said.

The press service of the bank said the NBU renders various services to securities market, including such services as brokerage, underwriting, formation of state and corporate securities portfolio, emission of own securities.

The NBU received property of 28 insolvent enterprises to its balance in line with the decree of the Uzbek President No. 4053 from 18 November 2008 and order No. 4010 from 19 November 2008. Total sum of the property is 241 billion soums. The bank said 23 new business entities were founded on the bases of debtor enterprises.

The bank created NBU INVESMENT and NBU Invest Group and handed over management of newly created enterprises.

As of 1 November, the capacities at these enterprises were rehabilitated and they produced products for 25.9 billion soums. Their export volume comprised US$12.8 million. About 3,406 workplaces were created as well.

Among them is Chinoz Textile LLC, which was founded on the bases of the Uzbek-Japanese-Turkish Chinzo Tuqimachi. The enterprise is managed by NBU Invest Group and the bank directed some 3.2 billion soums to it. The funds helped to increase output of cotton yarn and linen.

NBU Investment also received Oqsaroy Textile (Kashkadarya region) to management. The enterprise was founded on the bases of the Uzbek-Japanese-Turkish joint venture Oqsaroy Toqimachi. NBU invested over 2 billion soums and it allowed to recover production at the enterprise.

VODIY IPAGI was founded in Namangan city on the bases of two enterprises Atlas and Silk Road. The charter capital of the textile enterprise is 5.95 billion soums. The bank directed 3.3 billion soums of investments to the firm. The enterprise will produce high-quality silk yarn.

Horazm Gilamlari was created on the bases of Khiva Carpet. The bank holds 100% stake in the enterprise.

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