The power of trust

Background
Auto Payment
Enjoy your free time!
More details
Background
Student loan
Credit for full-time, evening, correspondence forms of education
More details
Accessibility
View:
Font size:
1344
+998 78 148 00 10 Call Centre:
Operating hours from 9 AM to 9 PM
NBU in social networks:

Senators discuss report on activities of Central Bank in 2015

07.04.2016 3222

Senators discuss report on activities of Central Bank in 2015

UzReport.uz

The fifth plenary session of the Senate of Oliy Majlis of the Republic of Uzbekistan continued its work on April 1, 2016.

   The second day of the plenary session the senators began work with a status report on the activities of the Central Bank of the Republic of Uzbekistan in 2015. It was noted that the activities of the Central Bank for the previous year was carried out in accordance with the Law "On the Central Bank of the Republic of Uzbekistan" and was aimed at the unconditional fulfillment of the tasks defined by the President of the Republic of Uzbekistan Islam Karimov at the meeting of the Cabinet of Ministers dedicated to the results of socio-economic development in 2014 and major priority directions of economic program for 2015, and the relevant resolutions of the Senate of the Oliy Majlis adopted in the previous reports of the Central Bank.

   According to senators, in the reporting year, as a result of measures on the increase of capitalization of banks, strengthening liquidity and growth of the deposit base, high ratings and growth of volumes of investments into the real sector of the economy were achieved. Achieved in the banking system indicators are not only consistent with international generally accepted standards, but also exceed some of them.

  The past year saw further strengthening of the banking system, an increase of the level of capitalization and expansion of investment activities of banks. Aggregate capital of banking system in comparison with 2014 increased to 23.3 percent and reached 7.8 trillion soums. Over the past 5 years, this indicator has been increased by 2.4 times. The capital adequacy ratio of the banking system of the country is almost 24%, which is 3 times higher than the generally accepted minimum international standards established by the Basel Committee and its liquidity – twice higher than the highest indicator ratings.

  Total assets of banks in the reporting year increased by 25.1 percent and as of 1 January 2016 amounted to 65.2 trillion soums.

   Monetary policy in 2015 contributed to the level of inflation calculated by the consumer price index (CPI). Compared to 2014, the inflation rate (6.1 percent) decreased by 0.5 percentage point and amounted to 5.6 percent.

   The total volume of loans channeled by the commercial banks towards the real sector of the economy rose by 27.3 percent. The loans granted at the expense of internal funds in the total amount of credit portfolio of commercial banks comprised 86.7 percent, of which 79.8 percent – long-term loans for investment purposes.

  The expansion of the volume of investment loans for the modernization of economy branches and investment projects, technical and technological re-equipment were of great importance. In 2015, the commercial banks for these projects allocated loans in the amount of 10.2 trillion soums, which is 20 percent more compared with 2014.

  At that, a financial and economic stability was ensured, as a result of implementation of the investment policy of the banking system through supporting modernization and technical and technological renewal of the economy, a sharp rise of its competitiveness, increase of the export potential, organization of new productions based on innovative and energy-saving technologies, the development of the production of demanded in the world market new products.

  During the reporting period, the amount of allocated loans to small business entities compared to 2014 increased by 1.3 times.

  Particular attention was paid to the financial support of business projects of graduates of professional colleges. To start their own business and practice acquired modern skills and knowledge they were allocated 280 billion soums, or 1.3 times more than in 2014.

  The range of the banking services is expanding from year to year. Thus, the volume of rendered services to clients in the past five years has grown by 3.5 times, including in 2015 – 1.3 times.

   The stability of the banking system, the growth of confidence, increase in incomes were the key to attracting the free funds of the population and economic entities into deposits.

  The reforms carried out in the banking system in 2015, became a major factor in ensuring a stable high rate of growth of the economy and increased welfare of the population.

  The positive results achieved in the banking system of the Republic have also been reflected in the ratings of international rating agencies. In the past six years, the rating Agency “Moody's” has been assigning the Uzbek banking system a rating of “Stable".

   According to the World Bank, Uzbekistan is currently in the first TOP ten countries in the world, which last year achieved the best results in improving the business environment for entrepreneurial activity. In particular, in the ranking "Doing business" by such criteria as "supporting new businesses" and "loans towards small businesses" Uzbekistan over the past three years has risen from 154-th to 42-nd place, having improved just in the last year its rating at 63 positions.

   It was noted that this year the Central Bank of the Republic of Uzbekistan has continued to pursue its prudent monetary policy, efforts have been made to increase the capital of the banking system, to ensure the volume of deposits of the population and businesses in banks, wide application of information and communication technologies and the amount of rendered banking services, as well as the introduction of new recommendations of the international Basel Committee into the banking supervision system.

  During the discussion of the report, senators expressed their proposals and recommendations aimed at further improving the activities of the Central Bank of the Republic of Uzbekistan. In particular, it is recommended to increase the effectiveness of supervision of banks and other financial institutions for the purpose of maintaining the stability of the financial and banking system, protection of interests of depositors, borrowers and creditors, to strengthen the resource base of banks at the expense of attraction of funds of the population and economic entities on long-term deposits, stimulate the development of small business and private entrepreneurship, increase the investment activity of banks, as well as the financing of projects under programs of socio-economic development of regions.

UzReport.uz

 

0
0



Receive the Latest News

We will send one email a week, no spam

Latest site update date: 10/05/2024 08:40:59 pm

License of the Central Bank of the Republic of Uzbekistan No. 22 dated Dec. 25, 2022
© 2024 NBU. All rights reserved. If you find an error in the text, highlight the wrong text and press Ctrl + Enter

Яндекс.Метрика

If you find a discrepancy in the information provided in different languages, please follow the option in the state language. When using the site materials reference to www.nbu.uz web-site is required

Technical support NBU

online

Message sent!

Please wait for a response to
your email address

Return to list of topics


Правила выдачи кредитов частным лицам
Определение кредитоспособности заемщика
1.1. При выдаче кредита частному лицу банк проводит анализ кредитоспособности заемщика.
1.2. Кредитоспособность заемщика определяется на основании его финансовой и кредитной истории, а также текущей финансовой ситуации.
1.3. Для определения кредитоспособности могут быть использованы следующие критерии
Условия выдачи кредита
При выдаче кредита частному лицу банк устанавливает следующие условия:

  • сумма кредита;
  • процентная ставка;
  • срок погашения кредита;
  • график платежей

How helpful was the answer?

Helpdesk NBU

I am your virtual assistant.
Loading...

Helpdesk NBU

Choose a needed theme

NBU Help Desk

Select a topic of interest

To unblock the card, you must contact the bank branch where the card was opened  with your identity document.
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.
You can order all cards in national and foreign currency remotely using the Milliy App.
  • If you have forgotten your card PIN, please come with your identity document to the bank where the card was opened.
  • If you the card (UzCard/HUMO) is lost, you can block it yourself using the Milliy Bank App or call (78) 148-00 10 and ask the operators to block the card.
The identification procedure is carried out remotely, directly in the Milliy application itself. To do this, on the main screen in the application, click on the photo_2023-04-28_11-16-22.jpg icon in the upper left corner, and then select the “Identification” option from the menu and go through all its stages.
  • To change the phone number registered in the Milliy App, please come to the NBU branch which is convenient for you with your identity document.
  • An e-wallet is a system to store funds, as well as transfer money through an app to an account or bank card.
  • When you reset your password, you enter the "secret question answer"
Currently, the NBU offers the following international money transfers: Western Union, MoneyGram, KoronaPay, Asia Express, Contact, Unistream, Swift, as well as Sberbank.
Users of the Milliy Mobile App can receive transfers from Russia using the Sberbank Online service to an electronic wallet in national currency, to an UzCard or HUMO card of the NBU.

The transfer is made in rubles. Upon receipt on an electronic wallet or card, it is automatically converted into UZS. No additional fees are charged.
  • Visa Direct is a service for money transfer using the Milliy Mobile App to more than 50 countries of the world, including Visa cards of Uzbekistan banks.
  • identity document
  • MTCN or the tracking number
  • full name of remitter
  • country of remitter
  • expected amount of money
  • NBFAUZ2X
It is possible to remotely open, replenish and independently monitor the NBU's deposits using the Mobil App.
  • 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.
  • No, you don't. The online deposit can be closed through the app.
  • Capitalization is the addition of accrued interest to the principal amount of the deposit.
  • This is the deposit with no fixed withdrawal period and the depositor can withdraw the funds at any time.
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.
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.
- Constituent documents of the company (charter, registration certificate).
- Documents confirming the authority of the company's representatives.
- Vehicle Purchase Agreement.
- Documents confirming ownership of the collateral property (if a collateral is required).
- Professional Consultation and Support: Our specialists are always ready to provide professional consultation and support at all stages of the process, helping clients maximize the benefits of the offered loan products.
- Flexible Terms: Option to choose the optimal term and loan amount.
- Ease of Application: Minimal document requirements and a quick application review process.
- 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
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.
The period of registration of the company must exceed 1 year
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.

Your message has been sent successfully

Our specialist will answer you within a working day. Due to the high number of requests during the COVID-19 pandemic, there may be some delays in responding to requests.

Take part in improving the quality of service
Please answer 3 questions
Go to quiz