The Central Bank of Uzbekistan registered new microcredit organization in Nukus, Karakalpakstan, the regulator said on 7 January 2008.
The Central Bank of Uzbekistan has issued a license to Tashkent-based Invest Finance Bank, an open private joint-stock commercial bank, to carry out banking operations, the Uzbek regulator said on 7 January. The regulator added it has registered the new bank in the State Registrar of Commercial Banks.
New edition of Tax Code came into force in Uzbekistan on 1 January 2008.
Moody’s Investors Service on 27 December assigned the following global-scale ratings to the National Bank for Foreign Economic Activity of the Republic of Uzbekistan ("NBU"): a bank financial strength rating ("BFSR") of E+, long-term and short-term local currency deposit ratings of Ba3/Not Prime and long-term and short-term foreign currency deposit ratings of B3/Not Prime. All ratings carry a stable outlook.
Moody’s Investors Service said it assigned National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU) a bank financial strength rating (BFSR) of ’E+’, long and short-term local currency deposit ratings of ’Ba3/Not Prime’ and long-term and short-term foreign currency deposit ratings of ’B3/Not Prime’ with a stable outlook.
Uzbekistan-based Gallabank will increase its share capital 2.7-fold to 38 billion soums through a 14th supplementary issue of shares for 24 billion soums, the Interfax reported quoting the bank.
The Export and Import Bank of Korea (Korean Eximbank) opened an office in Tashkent, capital city of Uzbekistan, on Wednesday to help Korean companies expand operations in Central Asia.
Fitch Ratings has on 10 December assigned Uzbekistan’s Hamkorbank ratings of Long-term Issuer Default (IDR) ’B-’ (B minus) with Stable Outlook, Short-term IDR ’B’, Individual ’D/E’, Support ’5’ and Support Rating Floor ’No Floor’.