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Assets of banks in Uzbekistan exceeded 48.9 trillion soums

Assets of banks in Uzbekistan exceeded 48.9 trillion soums

26.10.2014

On October 1, 2014, aggregate capital of commercial banks of Uzbekistan reached 6.6 trillion soums. Currently, the level of capital adequacy of the banking system is 24.7%, which exceeds the requirement of the Basel Committee on international banking supervision by 3 times (8%).

For several years, the level of liquidity of the banking system exceeds 65%, which is 2 times greater than the minimum level established international practice.

The assets of banks increased by 29.2% compared with the corresponding period last year and exceeded 48.9 trillion soums.

Effective banking supervision on the basis of international standards, monitoring of bank liquidity and asset quality has allowed banks to confirm a positive rating to "stable" from leading international rating agencies as Fitch Rating's, Мoody''s and Standard & Poor's.

Moreover, Мoody's in its "prospects of development of the banking system of Uzbekistan” report fifth year in a row assigns to the banking system of Uzbekistan a “stable” rating.

According to the results of 9 months, such basic indicators of the banking system, as the adequacy total capital of banks, the liquidity of commercial banks, the aggregate balance of deposits, the change in the volume of credit investments correspond the highest evaluation.

These data were presented at the regular enlarged meeting of the Board of the Central Bank of the Republic of Uzbekistan, which reviewed the results of the activities of the banking system during the first nine months of 2014.

 

 

 

 

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SMS notification for the Uzcard card can be activated through an ATM. SMS notification for the Humo card is activated through the bank branch where the card was opened.

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If you want to transfer the right to dispose of your deposit to a third party, you must execute a power of attorney certified through a notary office.

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This is the deposit with no fixed withdrawal period and the depositor can withdraw the funds at any time.

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- Order for Director’s appointment;

- Certificate of state registration;

- Decision of founders;

- Licenses;

- Cadastre file/ data sheet for the collateral;

- Photo of the collateral;

- Contract with the supplier;

- Copy of the rental agreement/ certificate

- Certificate of ownership for the premises used for business;

This list is not exhaustive for loan consideration and the consideration and Bank staff may request other information and documents regarding project concerned.

How long does it take for the application to be processed?Time for processing takes 1-3 days depending on the completeness of the documents submitted.

Various collateral, including real estate, motor vehicles, as well as sureties of individuals or legal entities are accepted.

Penalty-free early repayment of the loan is permitted

The period of registration of the company at the time of filing the application must be more than 6 months.

It's worth noting that insurance and collateral costs may be in addition to the principal interest for the loan. However, there are no hidden costs.

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- Documents confirming the authority of the company's representatives
- Vehicle Purchase Agreement
- Documents confirming ownership of the collateral property (if a collateral is required)

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- Business support: Financing that helps to renew the car fleet

The NBU aims to ensure a fast and efficient application review process. The average review period for an auto loan application for legal entities is 3 to 5 working days

The collateral can be the new car being purchased

The option to purchase new vehicles from official dealers

Time for processing takes 1-3 days depending on the completeness of the documents submitted.

Various collateral, including real estate, motor vehicles, as well as sureties of individuals or legal entities are accepted.

Penalty-free early repayment of the loan is permitted

The period of registration of the company at the time of filing the application must be more than 6 months

It's worth noting that insurance and collateral costs may be in addition to the principal interest for the loan. However, there are no hidden costs

Answer:
- Passports of founders, director, chief accountant;
- Order for Director’s appointment;
- Certificate of state registration;
- Decision of founders;
- Licenses;
- Cadastre file/ data sheet for the collateral;
- Photo of the collateral;
- Contract with the supplier;
- Copy of the rental agreement/ certificate
- Certificate of ownership for the premises used for business;

This list is not exhaustive for loan consideration and the consideration and Bank staff may request other information and documents regarding project concerned.