Uzbek President Islam Karimov exempt commercial banks from tax on profit earned on long-term investment loans for the period until 1 January 2012.
The Chairman of the Board of the National Bank of Uzbekistan for Foreign Economic Activity (NBU) Saidahmad Rahimov met with the Chairman of the Bank for Development and Foreign Economic Affairs (VneshEconomBank) Corporation of the Russian Federation Vladimir Dmitriev and the Chairman of the Board of the Eurasian Development Bank of Kazakhstan Igor Finogenov on 4 July in Tashkent.
On 12 July, the President of the Republic of Uzbekistan signed a resolution "On measures to further increase liberalization of banks and activate their participation in investments processes on modernization of economy".
Prime Minister of Uzbekistan Shavkat Mirziyayev resolved to adopt on a programme develop micro financing in Uzbekistan till 2010 in early June 2007. The programme envisages creation of new micro finance organization in all regions of Uzbekistan.
Prime Minister of Uzbekistan Shavkat Mirziyayev signed a resolution on further improvement of transaction at e-commerce in June.
Uzbek-Korean Development Bank’s (UzKDB) net profits for the first half of 2007 comprised 2.29 billion soums. To compare, the bank’s profits for the first half-year in 2006 made up 1 billion soums, according to the bank’s press service.
The results of financial and business activity in the year 2006 and the areas for development in 2007 were discussed during the general shareholders meeting of Madad Insurnace Agency.
The Islamic Development Bank (IDB) has extended a credit line to three commercial banks of Uzbekistan.
Uzbekistan plans to attract large volume of investments from Arab Financial Institutions, Foreign Economic Relations, Investments and Trade Minister of Uzbekistan Elyor Ganiyev told at the meeting of the Arab Coordination Group today.