Fitch Ratings has affirmed Microcreditbank’s (MCB) Long-Term Issuer Default Ratings (IDRs) at ‘BB-’ with a Stable Outlook and Viability Rating (VR) at ‘b-’.
The Central Bank of Uzbekistan hosted a meeting with a delegation led by the chief adviser to the Hungarian Prime Minister Marton Nagy.
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of Uzbek Industrial and Construction Bank Joint-Stock Commercial Bank (UICB) at ‘BB-’. The Outlook is Stable. Fitch has also affirmed the bank’s Viability Rating (VR) at ‘b’.
On 17 May 2021, the Ministry of Finance of the Republic of Uzbekistan held a meeting with Anna Bjerde, Vice-President of the World Bank for Europe and Central Asia. From 14 to 18 May, she is paying an official visit to Uzbekistan as part of her first working tour to Central Asian states.
Fitch Ratings has assigned AGROS HAYOT Limited Liability Company (Agros Hayot) an Insurer Financial Strength (IFS) Rating of ‘B+’. The Outlook is Stable.
The volume of cross-border transfers received in Uzbekistan in January-April 2021 made up US$1.99 billion, the press service of the Central Bank of Uzbekistan reports.
In order to accelerate the introduction of modern consumer-oriented management methods, the principles of openness, transparency and the market in enterprises with state participation, increase profits by reducing costs, create greater opportunities for private capital to participate in the reform process, reduce state participation in the economy and further improve the competitive environment, Decree of the President of the Republic of Uzbekistan No. UP-6096 of October 27, 2020 “On measures to accelerate the reform of enterprises with State participation and the privatization of State assets” was adopted.
According to the Decree of the Board of the Central Bank 9/2 dated 1 May 2021, the limited liability company ISHONCH PLYUS HAMKOR MIKROKREDIT TASHKILOTI was issued a license to carry out the activities of a microcredit organization. This was reported by the press service of the Central Bank.