Finance and Investment

18.03.2019

Uzbek government tightly controls the economy and banking system – S&P

S&P Global Ratings has published “Banking Industry Country Risk Assessment: Uzbekistan”.

The agency classifies Uzbekistan’s banking sector in group ‘8’ under its Banking Industry Country Risk Assessment (BICRA). The sector’s peers are in Russia, Kazakhstan, Georgia, Armenia, Azerbaijan, Kenya, Tunisia and Argentina.

“Our bank criteria use our BICRA economic risk and industry...

S&P Global Ratings has published “Banking Industry Country Risk Assessment: Uzbekistan”.

The agency classifies Uzbekistan’s banking sector in group ‘8’ under its Banking Industry Country Risk Assessment (BICRA). The sector’s peers are in Russia, Kazakhstan, Georgia, Armenia, Azerbaijan, Kenya, Tunisia and Argentina.

“Our bank criteria use our BICRA economic risk and industry...

18.03.2019

Swiss company acquires 35% in Uzbek InFinBank

Swiss Capital International Group AG has become the owner of 35% of the shares in ATF InFinBank, according to the Tashkent Stock Exchange.

The company purchased the share on March 12. It now owns 140 million shares of the bank.

The Swiss company acquired the bank’s 20% shares in 2016 for $8.9...

Swiss Capital International Group AG has become the owner of 35% of the shares in ATF InFinBank, according to the Tashkent Stock Exchange.

The company purchased the share on March 12. It now owns 140 million shares of the bank.

The Swiss company acquired the bank’s 20% shares in 2016 for $8.9...

18.03.2019

Kuwait state fund allocates soft loans to Uzbekistan

On 14 March 2019 Ambassador of Uzbekistan to Kuwait Bakhromjon Aloev met with Regional Manager for Central Asia and Europe of the Kuwait Fund for Arab Economic Development (KFAED) Fawaz Al-Adsani, the press service of the Ministry of Foreign Affairs of Uzbekistan said.

During the conversation, issues of further development of...

On 14 March 2019 Ambassador of Uzbekistan to Kuwait Bakhromjon Aloev met with Regional Manager for Central Asia and Europe of the Kuwait Fund for Arab Economic Development (KFAED) Fawaz Al-Adsani, the press service of the Ministry of Foreign Affairs of Uzbekistan said.

During the conversation, issues of further development of...

18.03.2019

Greenback continues upward reverse as rivals hover on domestic woes

The U.S. dollar gained on Thursday for the first time in a week, albeit modestly, as the pound stalled at lower levels ahead of a vote to extend Britain's March 29 deadline for exiting the European Union.

The pound was down 0.54 percent at $1.3266 in afternoon American trade as Prime...

The U.S. dollar gained on Thursday for the first time in a week, albeit modestly, as the pound stalled at lower levels ahead of a vote to extend Britain's March 29 deadline for exiting the European Union.

The pound was down 0.54 percent at $1.3266 in afternoon American trade as Prime...

15.03.2019

Gold and currency reserves of Uzbekistan grow sharply

According to the Central Bank data, gold and currency reserves of Uzbekistan have been growing steadily for the last four months.

As of March 1, 2019, the total gold and foreign exchange reserves amounted to $28 billion.

Of this, $13.2 billion is foreign currency assets, $14.4 billion - gold. Net gold and...

According to the Central Bank data, gold and currency reserves of Uzbekistan have been growing steadily for the last four months.

As of March 1, 2019, the total gold and foreign exchange reserves amounted to $28 billion.

Of this, $13.2 billion is foreign currency assets, $14.4 billion - gold. Net gold and...


News 1 - 5 of 1523
First | Prev. | 1 2 3 4 5 | Next | Last