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Underwriting

Working Capital for construction

Authorization

Decree of the President of the Republic of Uzbekistan No. UP-70 dd. April 30, 2024

Financial assistance

- Financing of construction of Yangi Uzbekiston residential areas

Conditions for the financial assistance

12-months grace period for up to 18 months subject to a bank margin from 16% in the amount which is not for the economic entity

Bank financing of construction contractors at the expense of the Ministry of Economy and Finance (republican budget)

Funding from financial resources only: From May 1, 2024, the right to construct multi-storey residential buildings is also provided to construction companies that have ‘C’ and ‘CC’ electronic rating in the National Information System ‘Transparent Construction’ (also CCC, B, A ratings); For this purpose: - Companies with ‘C’ electronic rating are permitted to construct housing with five storeys maximum; - Companies with ‘CC’ electronic rating are permitted to construct housing with nine storeys maximum; - Companies ‘CCC’ electronic rating are permitted to construct housing with nine storeys maximum.

Condition for drawing up a list of construction companies

- The Ministry of Construction, Housing and Communal Services and the Central Bank compile a list of construction companies that are provided with loans to replenish working capital based on the rating of construction companies.

Collateral guarantee

- 125% of the loan is the liquid collateral.
Underwriting and Consulting Services

The National Bank as an investment bank offers its clients to use the service of securities issue underwriting. Securities distribution among investors on the market is an effective way to attract financial resources for enterprises of the republic. Financing the republican enterprises' needs by issuing corporate bonds has become very popular in recent years.

Corporate bonds are the securities certifying the obligation of the issuer to pay the investor the nominal amount on the day of bonds redemption, and to pay interest to the investor.

Increasing interest of enterprises in corporate bonds is due to advantages of this instrument over traditional borrowing instruments.

Being able to attract borrowed resources on the market and having an image of an impeccable borrower is a part of the bank's marketing strategy focused, inter alia, on the prospects of promotion of investment in international markets.

No creditors' control over the targeted use of borrowed funds.

Diversification of debt structure and reduction of dependence on commercial banks.

Opportunities to control the extent of debt by the purchase and sale of its bonds on the secondary market and others.

This tool also offers great opportunities for investors:

  • The bonds interest rate exceeds the deposit rate of commercial banks;

  • Bonds interest income is subject to 15% preferential income tax rate.

During the underwriting, the National Bank provides consulting services to assess the feasibility of issuing bonds, as well as ensures the issuing and bond underwriting among investors on the stock market. The National Bank's policy on the underwriting services market is conservative and includes the assessment of actual risks for all parties involved.

The National Bank as an underwriter

That is ready to provide clients with a full range of services when issuing bonds, including preliminary consultation, assistance in the registration of issuance with the state registration authority, bonds underwriting among investors and payments.

It has sufficient resources letting it to act as a market maker on the market, while potential investors consider the risk of the issuer's business insolvency together with the risk of the National Bank's insolvency.

During the study and preparation of clients' bonds issuing, the Bank conducts a thorough risk analysis of the issuer and investors, and determines measures to manage possible risks, and this allows protecting market participants against the risks.

The Bank can offer other financing flexible tools depending on the enterprise's needs.

In addition to underwriting services, the Bank also offers services to clients of consulting on restructuring and privatization. Why is it advantageous to use these services of the National Bank? Because the Bank has a wide network of foreign partner banks, so it can attract advanced know-how and potential investors to the Uzbek market.

Latest site update date: 10/06/2024 06:15:19 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

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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

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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.

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