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Finance 29/06/2010 Central Bank of Uzbekistan registers new commercial bank
Central Bank of Uzbekistan registers new commercial bank
Tashkent, Uzbekistan (UzDaily.com) -- Central Bank of Uzbekistan registered new commercial bank and issued a corresponding license, the press service of regulator said on 28 June.

In line with the resolution of the Central Bank’s Board, Orient Finans private closed joint stock commercial bank received license to carry out all types of banking operations. The bank was included to the State Book of Commercial Banks’ Registration.

The announced charter capital of the bank makes up 11.48 billion soums, of which 80% belongs to individuals.

Priority directions of Orient Finans activities are to assist to deepen social-economic reforms, finance small and private business, as well as stimulate new class of owners in Uzbekistan.

Central Bank of Uzbekistan underlined that currently 31 commercial banks are operating in Uzbekistan.

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