The press-service of the Central Bank said that the license was revoked for violations of the legislation of Uzbekistan, including normative acts of Central Bank of Uzbekistan in line with the laws “On Central Bank of Uzbekistan”, “On microcredit organizations”, “On licensing separate types of organizations”.

The regulator said that the Board of the Central Bank of Uzbekistan adopted decision to abolish the license of Sarmoya sardor Mikrocredit Organization LLC (Kiziltepa district of Navoi region) to carry out activities of the microcredit organization.