Uzbekistan lifts restrictions on the size of the share of private individuals in banks

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan has lifted restrictions on the amount of private persons’ shares in commercial banks.

The Central Bank of Uzbekistan on September 14, 2018 amended the regulations on the procedure for registration and licensing of banks.

It should be noted that earlier the share of one shareholder or group of related shareholders in the authorized capital of a commercial bank could not exceed 25% of the total amount, except for the state’s share.

This rule did not apply to banks with foreign capital and private banks.

In banks with participation of foreign capital, the share of foreign investors should be at least 30%, but the minimum requirement was reduced to 15% recently.