The programme was approved in line with the presidential resolution “On measures on further improving financial sustainability and strengthening of investment activity of the banking system ” from 6 April 2010.

The document said the banks’ capitalization level will increase by at least 20% annually in 2010-2012 due to raising charter capitals, issue and placement of shares at the exchange markets with ensuring growth of aggregate capital.

The banks will also strengthen resource base due to introduction of new banking services, attraction of free resources of population and business entities to deposits with increasing their volume to 1.6 trillion soums in 2010 and ensuring their further annual growth by at least 20%.

Financial institutions will increase long-term crediting of economy via mobilizing internal resources with allocation to these purpose over 3.2 trillion soums in 2010.

The document said the bank will expand crediting small and private businesses by 1.4 times and microcrediting by 1.3 times in 2010.