Traditionally, lending conditions have favored large enterprises, with financing channels such as bank branches and ATMs primarily catering to their r...
Finance
This represents a substantial increase of 130.3% compared to the figures recorded in 2022.
In February 2024 alone, the reserves saw an increase of $10.3 mn compared to January, and a year-to-date increase of $87.3 mn. Meanwhile, Uzbekistan’s...
The bank enhanced the quality of its loan portfolio, reducing the share of problem loans to 1.65%.
The collaboration between the Agency and Tether will focus on several key areas, including the development of blockchain technology, stable tokens, an...
Since 2018, the Central Bank of Uzbekistan has introduced gold coins to the public, followed by gold bars two years later.
Throughout 2023, the price of gold in Uzbekistan experienced notable volatility.
In adherence to a risk-sharing agreement between the two financial institutions, the EBRD shoulders 50% of the risk associated with the $1.1 mn loan e...
With NPLs hitting UZS 20 trillion ($1.6 bn) by February 1, 2024, marking a significant jump from January figures, UZS 3.4 trillion ($272 mn)
The price of one Bitcoin token soared to $56,430, a notable increase from the previous day's rate of $51,330,
Effective from July 1, 2024, lenders will be mandated to ensure that borrowers' debt burden does not exceed 60% of their income.
Historically, such achievements weren't sufficient to propel a retail enterprise into the upper echelons alongside financial institutions and industri...