Fitch Ratings has affirmed Uzbekistan-based Joint Stock Commercial Bank Universal Bank’s (UB) Long-Term Issuer Default Ratings (IDRs) at ‘B-’ with a Stable Outlook.
Fitch Ratings has affirmed Private Joint Stock Bank Trustbank’s Long-Term Issuer Default Ratings (IDRs) at ‘B’ with Stable Outlook and Viability Rating (VR) at ‘b’.
The European Bank for Reconstruction and Development (EBRD) is strengthening its support for green innovation in Uzbekistan by extending a US$10 million loan to the country’s largest private lender Hamkorbank.
Russian banks intend to buy out state shares in the authorized capital of two banks in Uzbekistan. Deputy Prime Minister of Uzbekistan Jamshid Kuchkarov spoke about this at the II International Financial and Banking Forum of the Member States.
National Bank of Uzbekistan to place bonds on Moscow Exchange in December.
The state debt of Uzbekistan as of 1 October 2021 reached US$25.2 billion, or 38.4% of the gross domestic product (GDP). This was reported by the Ministry of Finance of Uzbekistan.
The Russian company Telecominvest, a subsidiary of Alisher Usmanov’s USM Holding Company, has acquired shares in Kapitalbank.
On 24 November 2021, First Deputy Finance Minister Omonullo Nasritdinxodjayev met with representatives of Mashreq Bank, the oldest private bank in the UAE, headed by James Pearson, Global Head of Financial Institutions.