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…
Starting with July 15, PJSC “FUIB” begins to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank “Mykhailivskyi”, that is, to individuals whose funds are subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank “Mykhailivskyi”, had their…
The European Bank for Reconstruction and Development (EBRD) has recognized Bank Eskhata as the most active issuing bank in Tajikistan. According to the Bank Eskhata press service, the EBRD honored the most successful participants in its Trade Facilitation Programme (TFP) 2015 in an award ceremony on May 11-12 in London on the sidelines of the…
The executive director at the Alliance for Financial Inclusion (AFI) Alfred Hannig visited Tajikistan on June 28-29. According to AFI’s website, Hannig held talks with Umed Latifov, deputy chairman of the National Bank of Tajikistan (NBT), and Lola Salimova, deputy chairwoman of the NBT. Salimova reportedly stressed how important it was for the countries in…
Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…
Hungary is ready to increase funding for the projects in Azerbaijan through the state Eximbank in case of necessity, Imre Laslotsky, Hungarian extraordinary and plenipotentiary ambassador to Azerbaijan, said. “Eximbank’s credit line worth $200 million was opened for these purposes within the framework agreement”, Laslotsky said. “In case of necessity, the amount of funding can…