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Finance
05/06/2011
Fund on supporting mortgage crediting to be liquidated
Fund on supporting mortgage crediting to be liquidated
Tashkent, Uzbekistan (UzDaily.com) --
The government of Uzbekistan adopted decision on liquidation of the Fund on supporting mortgage crediting under the Ministry of Finance of Uzbekistan through transferring its assets to joint stock commercial bank “Qishloq Qurilish Bank” in established order.
Cabinet of Ministers of Uzbekistan approved a resolution “On measures on further expanding resource base of financing of rural habitation construction” on 25 May 2011.
The document was adopted for further expanding resource base for financing construction of individual houses on standard projects in rural area.
The resolution said that the liabilities of the fund on soft long-term credit resources will be registered to Qishloq Qurilish Bank and other part with increasing share of Finance Ministry at the charter capital of the bank.
The government entrusted Finance Ministry, Qishloq Qurilish Bank and Ipoteka Bank to re-register earlier signed agreement on issuing preferential long-term credit resources.
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