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Finance 18/06/2012 Microcredit organization closed in Uzbekistan
Microcredit organization closed in Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- Central Bank of Uzbekistan withdrew a license for conducting activity of microcredit organization No’kis Sveta mikrokredit tashkiloti LLC (Nukus, Karakalpakstan).

The press-service of the bank said that the Board of the Central Bank of Uzbekistan adopted a corresponding decision in line with the law of Uzbekistan “On Central Bank”, law “On microcredit organization” and “On licensing separate types of activities”.

The license was recalled in connection with violations of the legislation of Uzbekistan and normative documents of the Central Bank.

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