Central Bank of Uzbekistan registered three credit unions, located in Tashkent city, in line with legislation of the country, the bank said in its statement.

The statement reads: "In accordance with the Article 17 of the Law "On Central Bank of the Republic of Uzbekistan" and Article 4 of the Law "On credit unions", the Board of the Central Bank of Uzbekistan decided to issue credit union licensees to Union Tash, Optimal-Kredit, and Sanar Kredit companies located in Tashkent city."

The equity capitals of the credit unions were formed through the contribution of monetary funds only: Union Tash – over 70 million soums, Optimal Kredit – 62 million soums and Sanar Kredit – 65 million soums.

The activity of the credit unions will involve taking deposits, the extension of funds for the projects of its member-entrepreneurs, and provision of leasing services to them.