In August 2023, the consolidated CPI for the month in Uzbekistan amounted to 0.5%, by December 2022 – 3.8%. The average monthly increase in the CPI for January-August of the current year reached 0.5%.
Fitch Ratings has affirmed Uzbekistan’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘BB-’ with a Stable Outlook.
From 29 August, the Central Bank of Uzbekistan has been launching the sale of commemorative coins dedicated to the 825th anniversary of the birth of Jalaliddin Manguberdi, made of gold weighing 15 and 20 grams and silver weighing 31.1 grams, the Central Bank said in a statement.
Qishloq Qurilish Bank will be transformed into a Business Development Bank. This was announced today at a meeting with entrepreneurs by the President of Uzbekistan Shavkat Mirziyoyev.
The credit profiles of Uzbek banks are moderately resilient to near-term risks, Fitch Ratings says in a new report covering the country’s five largest banks.
Based on the decision of the Board of the Central Bank, the microfinance organization "MIKROMOLIYA TASHKILOTI POYTAXT" LLC was registered by inclusion in the register of organizations operating a microfinance organization.
Fitch Ratings has affirmed Uzbekistan-based Uzagrosugurta Joint-Stock Company’s and its life subsidiary Agros Hayot Joint-Stock Insurance Company’s (Agros Hayot) Insurer Financial Strength (IFS) Ratings at ‘BB-’. The Outlooks are Stable.
The net profit of the Georgian TBC Bank in Uzbekistan in the first half of 2023 made up 25.2 million Georgian lari (US$9.61 million).