BNP Paribas Investment Bank (France) has been awarded the tender announced by the State Property Committee’s Tender Commission for the valuation of 51% shareholding in Asaka State Joint-Stock Commercial Bank.
A draft Tax Code of Uzbekistan in new revision is available online for public discussion. Finance Ministry of Uzbekistan developed new revision of Tax Code on behalf of the government of Uzbekistan and United Nations Development Programme (UNDP) rendered technical assistance to development of new Tax Code.
Mortgage is becoming increasingly popular among the population of Uzbekistan. In accordance with the regulation "On the issuance of mortgage loans for the purchasing of housing to individuals", Khamkor Bank provides this service to citizens of Uzbekistan aged 20 to 50, UzReport.com reported.
Among the companies assisting intensive development of the national insurance market is IShONCh Interbank Insurance Company. For eleven years now, IShoNCh has been offering reliable insurance protection to its clients.
On 23 August 2007, United Nations Development Programme’s project “Improving Tax Administration in Uzbekistan” donated text-books to the Information Center of the Tax Academy of Uzbekistan.
Remittances play an increasingly important role in the economies of many countries, particularly developing countries where they contribute largely to economic growth and to the livelihood of the low-income population.
Shareholders of Ipoteka Bank (Mortgage Bank) adopted decision to increase charter capital to 67 billion soums. The decision was adopted to implement resolution of the Uzbek President on increase capitalization of banks and stir up their participation in investment processes on modernization of economy.
The Board of Central Bank of Uzbekistan kept refinancing rate unchanged at the level of 14% APR, the bank’s press service said on 27 August. The Central Bank set refinancing rate at 14% in 2006.
An agreement on trade financing has been reached between Ipak Yuli Bank, German Commerzbank AG and Austrian Raiffeisen Zentralbank Oesterreich AG, UzReport.com reported.
The development of the financial market has been defined as one of the priority directions of the economic development of Uzbekistan. Accordingly, special attention is being given to the insurance services sector, as one of the main segments of the financial market.