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Finance 01/01/2010 Central Bank issues licenses to new credit unions
Central Bank issues licenses to new credit unions
Tashkent, Uzbekistan (UzDaily.com) -- Central Bank of Uzbekistan issues license to three new credit unions, the financial market regulator said on 31 December.

Roshidon Imkom (Rishtan city of Ferghana region) with the charter capital of 38 million soums and Kafolat (Buvayda district of Ferghana region) with the authorized capital of 37.5 million soums received licenses.

Central Bank also registered Razzak Abdulla (Khiva city of Khorezm region) with the charter capital of 40 million soums.

New credit unions will finance business projects of their members - small and private businesses - and render leasing services.

Central Bank also said it replaced license of Oltin Vodiy credit union (Qoqand city of Ferghana region) due to change of its address.

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