The Central Bank of Uzbekistan said that the license was withdrawn in line with the articles 40 and 53 of the law of Uzbekistan “On Central Bank of Uzbekistan” in connection with the violations of banking legislation on currency regulation.

Central Bank of Uzbekistan issued license to Hi-Tech Bank closed joint stock commercial bank in January 2010.

Priority directions of Hi-Tech Bank’s activities are to assist deepening social-economic reforms, financing projects of small and private businesses, as well as stimulating formation of new class of proprietors in Uzbekistan.