Saturday, 03, May, 2025
Saturday, 03, May, 2025
The Central Bank is tightening some terms for microloans, with its order, registered with the Ministry of Justice on April 22 and which will take effect on July 24.
The Board of Directors of the Central Bank in its regular meeting kept the interest rate unchanged at 14% per annum, the Bank’s press service said.
Delegations of Uzbekistan and China discussed the integration of the Uzbek payment systems with the Chinese WeChat Pay digital system. Details of the meeting were unveiled by the Central Bank on Wednesday.
The Central Bank unveiled plans to create a universal QR code for cashless payments, the Deputy Director of the Payment Systems Department at Central Bank Miraziz Mirhayotov said.
The Central Bank increased the key rate by 0.5 percentage points, setting it at 14 percent per annum. This decision is aimed at curbing inflationary expectations, taking into account the inflationary risks expected in the coming months, and creating sufficient conditions for achieving the 5 percent inflation target in the medium term.
Mortgage interest rates for new apartments have been reduced, the Mortgage Refinancing Company reported referring to the February 21 presidential decree Monday.
In a significant milestone for Uzbekistan's vocational education sector, the Government of Uzbekistan, in collaboration with KfW Development Bank on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), has finalized the signing of loan and grant agreements to enhance the country's technical and vocational education and training (TVET) system.
Officials of the Central Bank hosted the head of the Global Business Development Department executives of Shinhan Bank, Kim Ji-young.
An experimental platform for trading stocks of foreign companies will be created on the Tashkent stock exchange, the First Deputy Director of the National Agency for Prospective Projects, Vyacheslav Pak announced at the Senate session on February 21.
Uzbekistan will issue three tranches of sovereign Eurobonds totaling $1.5 billion, according to information available on the Fitch Ratings website. The Eurobonds are equally denominated in three different currencies.
President Shavkat Mirziyoyev signed an updated version of the Guarantees for protection of individuals' deposits in banks Law on Tuesday. According to the Law, the deposit protection limit shall now stand at 200 million soums per depositor in one bank. If a person has deposits in several banks, then each deposit shall be insured separately.
The Asian Development Bank (ADB) has approved a $125 million loan to support the Government of Uzbekistan in its efforts to modernize the water management sector, improve water security, and increase access to safe and reliable water supply in the country, the bank's press service said.
Transport Minister Ilkhom Makhkamov held talks with the head of the representative office of the Korean Eximbank in Tashkent, Sangjin Kang, the UzA agency said today.
In January 2025, the Banking Supervision Committee of the Central Bank chaired nine meetings, where it reviewed 44 items and issued decisions.
Uzbek banks ended 2024 with a net profit of 6 trillion 966 billion soums, $ 540 million, by almost 44 % down to the last year. According to Bankers.uz, banks in which the government holds stakes ended the year with a total loss of 317.2 billion soums. This was mainly due to the huge losses of Microcreditbank (-1.7 trillion soums) and Business Development Bank (-2.2 trillion soums). Also, the net profit of Aloqabank, Agrobank and Asakabank declined sharply compared to 2023.
The senators passed Guarantees for the protection of bank deposits Bill, the Senate’s press service said on Thursday.
The rise in power and gas tariffs in April 2025 will add 1.8-1.9 percentage points to the overall inflation rate, the Governor of the Central Bank, Timur Ishmetov said today at a press conference.
The BOD of the Central Bank at its today’s meeting decided to keep the interest rate at 13.5% per annum, the Bank's press service said today.
On January 20, 2025, Minister of Investment, Industry and Trade Laziz Kudratov hosted the Ambassador of Japan, Takashi Hatori. They signed the Yen Loan Exchange Notes (Note 1) of the "Healthcare and Medical Services Improvement Project" for a total of 22.953 billion yen. This Yen Loan Project applies the Special Terms for Economic Partnership (STEP, Note 2).
The Binance cryptocurrency exchange will launch operations in Uzbekistan through a local partner, the National Agency for Prospective Projects (NAPP) said.