The Board of Central Bank of Uzbekistan kept refinancing rate unchanged at the level of 14% APR, the bank’s press service said on 27 August. The Central Bank set refinancing rate at 14% in 2006.
The development of the financial market has been defined as one of the priority directions of the economic development of Uzbekistan. Accordingly, special attention is being given to the insurance services sector, as one of the main segments of the financial market.
The Board of Directors of the Ipoteka Bank announced that the State registration of its third additional emission of shares was completed on 7 August.
National Bank of Uzbekistan for Foreign Economic Activities (NBU) signed a cooperation agreement with State Corporation Bank of Development and Foreign Economic Activities of Russia (Vnesheconombank).
National Bank of Uzbekistan for Foreign Economic Activities will attract US$60 million credit from China Development Bank to finance supply of equipment and technology within private investment projects.
Finance Ministry of Uzbekistan suspended the license of Toshkent Sugurta LLC Insurance Company from 20 August 2007.
Uzbekistan had a budget surplus of 201.5 billion soums, or 1.9% of GDP, in the first half of 2007, representative of Uzbek Finance Ministry told at the session of Legislative Chamber’s Budget and Economic Reform Committee said.
A classic credit rating is the result of a large-scale labourious research reflected in a single final indicator, which portrays the company’s overall reliability. This and other related issues were discussed at a roundtable meeting held by the representatives of the financial sector of Uzbekistan on 17 August at the Ministry of Finance of Uzbekistan.