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The assets of the banking system of Uzbekistan amounted more than 37 trillion soums

02.08.2013 2203

 

The Central Bank of the Republic of Uzbekistan held an enlarged board meeting to discuss the outcomes of the activities of the banking system in the first half of this year and the implementation of the major directions and priorities set by the President Islam Karimov at the meeting of the Government of January 18, 2013, and the targets set by the banking system at a meeting of the Cabinet of Ministers on July 16 of this year.

The meeting was held by Chairman of the Central Bank of the Republic of Uzbekistan F.Mullajanov.

It was noted that the ongoing Central Bank's monetary policy in the first half of the year was aimed at meeting the targets of the macroeconomic indicators, decrees of the head of state to further  reform of the banking system, increasing its stability, achieving high international rating figures.

In the analyzed period has been held considerable work to further increase the capitalization of the banking system, strengthen its liquidity and financial stability.

As a result of the adopted effective indicators the banking system will not only meet the generally accepted international standards, but in some respects exceed them.

In particular, the current level of capital adequacy ratio of the banking system is 24.3%, which is 3 times exceeding the current minimum requirements of the Basel Committee on Banking Supervision (8%). This figure as at July 1, 2013 reached more than 6.3 trillion soums.

For the past several years, the level of current ratio exceeds 65%, which is 2 times higher than minimum level.

Assets of banks as compared to the same period in 2012 increased by 30.7% and amounted more than 37 trillion soums.

Implementation of effective banking supervision by international standards, monitoring of liquidity and asset quality have enabled local banks to receive positive ratings from leading international rating agencies.

Currently, all 29 commercial banks in the country have a rating of "stable" from such leading international rating companies as "Moody's», «Standard & Poors» and «Fitch ratings». This year, 23 banks have confirmed the assigned positive ratings for 2013.

Banks since the beginning of this year implemented a large-scale conservation measures the rate of growth of the economy and improve its competitiveness, modernization of basic sectors, accelerated technological renewal.

In particular, total amount of loans to the real sector of economy, increased by 31% and currently stands at more than 21.3 trillion soums.

The volume of loans for investment purposes as compared to the same period of the last year, increased by 1.3 times and, as of July 1 of the current year amounted more than 3.4 trillion soums.

Ongoing financial reorganization of insolvent enterprises and  improvement of management mechanisms, production modernization, technical and technological renewal allowed to fully restore production activities of 123 enterprises, which were  sold to new strategic investors. These enterprises exported goods worth $601.5 million.

In the period under review due to the decrees and decisions of the President to create a favorable business climate for small businesses in the country carried out large-scale events. As a result, the volume of loans to small businesses comparing to the same period of last year increased by 1.3 times and amounted to 3.7 trillion soums, also increased the volume of microcredit by 1.4 times, which amounted  775 billion soums.

Banks are paying serious attention to the involvement of young people, including graduates of professional colleges in entrepreneurship, financing their business projects. In particular, in the past, their allocated loan funds amounted to 54 billion soums, which is 2.3 times higher comparing to the same period of the last year.

Stable activity of domestic commercial banks, strengthening from year to year, credibility, as well as rising incomes have a solid foundation to raise funds of citizens and businesses in bank deposits.

Due to the growth of the resource base by increasing the level of capitalization of banks, along with the involvement of private capital into the sector trend of growth of deposits. In particular, this figure comparing to the same period of last year grew by 30.5% and currently stands at more than 23.1 trillion soums.

It was noted that from year to year, is increasing proportion of banking services, and in the analyzed period, the figure in the structure of financial services was 86.4%. This is the result of targeted measures taken to increase the volume and quality of banking services to the public and to businesses entities, consistent reform of the banking sector.

At the same time, were criticized activities of some commercial banks that do not make full use of internal resources to expand services provided and the confidence of clients.

The meeting identified priority tasks of mandatory implementation in the second half of the year.

In particular, heads of commercial banks entrusted unquestioningly carry out the priorities for 2013, certain by the head of state at a meeting of the Cabinet of Ministers on  January 18 of this year, the requirements of decrees and regulations to further reform and improve the stability of the banking sector increased their investment activity, higher levels of capitalization, further strengthen cooperation with the international rating agencies, consistent increase of long-term credit investments in the economy, improve the quality and types of services provided by banks.

On the discussed issues were taken appropriate decisions.

 

 

UzReport 30.07.2013

 

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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.
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  • 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.
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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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