President of Uzbekistan Islam Karimov signed a resolution on 7 November to raise minimal requirement of the charter capital of the banks from 2008.
Net income of UzKDB, Uzbek-Korean bank, increased by 19% year-on-year to 3.2 billion soums as of 1 October 2007.
Central Bank of Uzbekistan issued a licence to Kredit biznes plus, which allows it to carry out activity of pawnshop.
Central Bank of Uzbekistan registered three new micro credit organizations in line with legislation of Uzbekistan.
Uzpromstroybank (Uzbek Industrial and Construction Bank) issued over 771,000 plastic cards as of 1 October 2007.
Uzbek commercial bank issued over 491,000 plastic cards and the total number of emitted plastic cards reached 3.578 million as of 1 October 2007.
The Board of the Central Bank of Uzbekistan met to discuss the results of the banking system’s development in the first nine months of this year, and the performance of the tasks outlined by the President of the country Islam Karimov at the government meeting on 12 February 2007, and the tasks set at the meeting of the Cabinet of Ministers held on 16 October 2007.
On 25-26 October a delegation from Uzbekistan participated in the eighth meeting of the Council of the Heads of Insurance Supervision and Regulation Agencies under the Integration Committee of the Eurasia Economic Community (EurAsEC) in Moscow.
The President of the Asian Development Bank (ADB) Haruhiko Kuroda arrived on 31 October in Tashkent for a two-day official visit as part of efforts to further strengthen ADB’s relationship with Uzbekistan and to gain first hand perspective on the progress of ADB operations in country.