Central Bank of Uzbekistan issues licenses to new credit unions
27/07/2010 13:08
Central Bank of Uzbekistan issues licenses to new credit unions
27/07/2010 13:08
Tashkent, Uzbekistan (UzDaily.com) -- Board of the Central Bank of Uzbekistan issued licenses to two organizations, which grant them right to work as credit unions in Uzbekistan.
In line with article 17 of the law “On Central Bank of Uzbekistan” and article 4 of the Law “On Credit Unions”, the Central Bank issued licenses to Namangan Asri credit union (Namangan city) with charter capital of 111 million soums and Chasma credit union (Jizzakh city) with authorized capital of 110 million soums.
The founders of both credit unions are individuals. The unions will finance business projects of their member states and render them leasing services.
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