Tashkent, Uzbekistan (UzDaily.com) -- A resolution of the Board of the Central Bank "On approval of the Regulations on the requirements for the acquisition and ownership of real estate and other property, as well as the acquisition of shares or shares in the authorized fund (authorized capital) of legal entities by commercial banks" was adopted.

Property that is not necessary for the implementation of the bank’s activities includes:

acquired land;

real estate and other property collected at the expense of a pledge;

real estate and other property of liquidated enterprises - bankrupts, recoverable on credit and leasing;

real estate held to generate rental income and capital appreciation (or both);

real estate and other property acquired for banking activities, but not used for more than 3 years in banking activities and (or) as an investment in real estate.

Banks within 3 years must sell property that is not necessary for the implementation of activities, or make a decision on their use.

Banks must submit monthly reports to the Central Bank on the maintenance of the register of their real estate and other property, as well as on acquired shares or stakes in the authorized capital of legal entities.