The bank said the certificates are issued to expand resource base of the bank and the bank’s participation at the securities market.

People’s Bank of Uzbekistan will issue certificates with face value of 100 million soums, 50 million soums, 10 million soums, 1 million soums and 500,000 soums. The maturity terms of certificates are 6 month, one year, two and three years. The bank plans to start placement of certificates on 1 November 2009.