Since June 2017, citizens of Uzbekistan can purchase cars of domestic production on credit. This publication presents the conditions for car loans from Joint-Stock Commercial Bank “Asaka” and Joint-Stock Commercial “Aloqabank”.Continue reading Car loans for all→
In Uzbekistan, the Turkish state bank Ziraat will open its branch in Tashkent, podrobno.uz reports citing a member of the government delegation that visited the capital last week. This is likely to happen during the month of June-July. So after the opening of the Ziraat bank branch, the number of banks with the participation of foreign capital in Uzbekistan will be 6 banks and, in general, in the banking system 30.Continue reading The branch of the Turkish “Ziraat Bank” will open in Uzbekistan→
On June 16, 2017, PP-3066 “On additional measures to improve financial stability and the level of capitalization of commercial banks” was adopted. This was necessary for the liquidity of commercial banks and for maintaining the basic capital adequacy indicators based on the requirements of Basel 3. The strong devaluation of the national currency directly influenced the increase in the size of the banks’ currency assets and reduced the capital adequacy and liquidity ratios this year. We think that this decision was necessary to maintain the stability of national commercial banks.Continue reading The Government of Uzbekistan is capitalizing commercial banks→
Today Swedish society is the most “non-cash” on the planet. According to Riksbank, the number of banknotes and coins in circulation returned to the level of the early 1990s, amounting to 56.8 billion kronor ($ 6.4 billion) in the first quarter of 2017.
At the same time, the aggregate money supply, including funds in the non-cash form, continued to grow. As a result, the share of cash fell to 2%. Since the peak in 2007, the cost of banknotes and coins in circulation has decreased by about 40%.Continue reading The most “non-cash” economy on the planet→
In accordance with the Decree of the Cabinet of Ministers of the Republic of Uzbekistan of April 12, 2017 No. 202 Alimov Navruzzhon Raimdzhanovich was appointed to the position of Chairman of the Board of Joint-Stock Commercial Bank “Uzagroexportbank”.
For several years this issue has been tormenting many customers of the bank and the most interesting is that banks do not advertise until now, and do not show a full list of their deposit products together with interest rates. Pay attention to the fact that you can meet various advertisements in television, newspapers and magazines, on the Internet about types of deposits, but how can not find the point where it is written how many percent per year the bank pays for these kinds of deposits to depositors. It should be noted that there are such different types of advertising in foreign practice, where companies want to interest precisely in the hook the shortcomings of some important information inside advertising. But in Uzbekistan this is the practice with respect to bank deposits, where the population simply has to compare and choose a specific profitable type of deposit will not justify itself and if this is the reason for the concealment of interest, then this wasteful spending on advertising.Continue reading Why do not Uzbek banks advertise interest rates on deposits? (in uzbek)→