The board of the Central Bank of the Republic of Uzbekistan reviewed the results of banking system activity for 2013 last week at its regular enlarged meeting.
The meeting, which was presided over by the Chairman of the Central Bank Faizulla Mullajonov, also included an evaluation of the performance of the priority direction of 2014 economic programs as assigned by Islam Karimov, the president of the country.
The activity of the year was geared toward improving the level of capitalization of the banking system in order to strengthen its liquidity and stability. The results of the measures show that the banking system complied with the generally accepted international standards and even exceeded them in certain areas.
The banking system currently has a level of capital adequacy of 24.3 percent, which is three times greater than the requirements set by the Basel Committee on Banking Supervision. As of Jan. 1, the indicator has reached more than $2.95 billion.
- National Bank of Ukraine removes restrictions on foreign-currency transactions, investment metals
- Black Sea Trade & Development Bank visits Azerbaijan to boost business relationships
- VTB Bank finances three new planes for SunExpress airline
- National Bank of Ukraine makes it easier for businesses to invest abroad
- National Bank of Ukraine eases lending regulations for deposit guarantee funds to other banks
- Black Sea Trade and Development Bank, Russian Federal Corp. for SMEs support business growth
- Oleg Demidov named commercial director for Rosbank Factoring
- Eurasian Development Bank sells bonds on Kazakhstan Stock Exchange
- EY World Entrepreneur of the Year event to name world's top entrepreneur
- ACBA-CREDIT AGRICOLE, Microsoft parter for Armenian digital business technology seminar