The national Tajik currency, the somoni, has lost 10.5% of its value against the dollar since the beginning of this year, according to the National Bank of Tajikistan (NBT). In January, the somoni reportedly lost 15.4% of its value against the dollar. In February, the situation improved to a certain extent and the somoni exchange…
Uzpromstroybank (Uzbek Industrial and Construction Bank) has issued a loan for 571.2 billion soums to small businesses and private entrepreneurships in the first half of 2016. According to the press service of the bank, businesswomen received loans for 45.2 billion soums in the reporting period. Uzpromstroybank said that it issued loans for 99.2 billion soums…
British magazine “The Banker” included the International Bank of Azerbaijan (IBA) in the TOP-1000 of the most powerful and financially sustainable banks in the world. According to the ranking, the IBA is among TOP-25 of the best banks within the Central and Eastern Europe region based on assets volume, capital adequacy, ROA and ROE. “The…
The Board of the Central Bank of Uzbekistan kept the refinancing rate at the level of 9% APR. The regulator said that the Board of the Central Bank adopted the decision on keeping the refinancing rate at 9% APR. The Central Bank said that the decision was adopted based on tasks, determined in main direction…
ATB Financial, the largest Alberta-based financial institution, has collaborated with SAP SE, financial technology start-up Ripple Labs Inc. and ReiseBank AG in Germany to send the first real international blockchain payment from Canada to Germany. bitcoin news at DC Forecasts reports that ATB successfully transferred CA$1,000 (667 euro) to ReiseBank using a network built on…
Aggregate capital of the banks of Uzbekistan reached 8.6 trillion soums as of July 1, up by 23.3% YoY. This was announced at the expanded session of the Board of the Central Bank dedicated to the results of the activities of the banking system in the first half of 2016. Current level of capital adequacy…
Shokhrukh Shoakhmedov was appointed the deputy chairman of Uzbekistan’s Central Bank according to a decree of President Islam Karimov, the Central Bank said. Shoakhmedov was heading the Central Bank’s central administrative board in Tashkent. Uzbekistan’s Central Bank is tasked to regulate money circulation and activities of commercial banks in the country. Currently 26 banks operate…