The government of Uzbekistan created special group, which will prepare programe. The group includes representatives of Finance Ministry, Economy Ministry, Fund for Reconstruction and Development of Uzbekistan, Central Bank of Uzbekistan and others.

The group will develop methodology on appraisal of commercial bank and financial-banking system’s activities based on international norms, criteria and standards of Fitch Ratings, Moody’s and Standard and Poor’s.

The methodology will help Uzbekistan to harmonize banking system to work in line with commonly accepted international norms, standards and appraisal figures, and introduce improved system on evaluation activities of the commercial banks and banking system.

After development of the methodology, the group will evaluate activity of commercial banks of Uzbekistan and determine tasks on each banks and banking system on improving their evaluation figures till 2015.

The programme will also include institutional development of banking system, increasing capitalization level, ensuring their financial sustainability and liquidity in line with Basel Committee’s requirements. The document will also include growth and improvement of loan portfolio of the commercial bank.