Tashkent, Uzbekistan (UzDaily.com) — The Central Bank of Uzbekistan has imposed restrictions on the active operations of two banks that failed to meet the required minimum charter capital. This was reported by Spot, citing Nusratulla Fazilov, Director of the Prudential Supervision Department of the Central Bank.

Starting from 1 January 2025, the minimum charter capital requirement for banks is set at 500 billion soums. In 2024, 14 banks did not meet the requirements, but this number has now been reduced to four.

Saderatbank (Iran) did not reach the minimum capital size due to currency exchange rate volatility.

Poytakht Bank, which was recently privatized, has been granted an extension until 2028 to meet the requirements.

The other two banks—Yangi Bank and Kazakhstan’s Eurasian Bank, which received a license in Uzbekistan in 2024—have agreed upon a plan to increase their charter capital.

Eurasian Bank’s funds are held at Tenge Bank, and by March 2025, these funds must be used to replenish the bank’s charter capital.

A plan for capital increase has also been developed for Yangi Bank.

During the period for meeting these requirements, the Central Bank has restricted their active operations.

The law on the gradual increase of the minimum charter capital for banks was signed in April 2023. Since September 2023, the minimum threshold was set at 200 billion soums. From 2025, the minimum has been raised to 500 billion soums.