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Finance 21/04/2012 Uzbekistan adopts measures on stimulating consumer crediting
Uzbekistan adopts measures on stimulating consumer crediting
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan adopted a resolution, which approved forecasted parameters on production of locally produced electronics in 2012-2014.

The document was approved in order to implement a complex of measures directed at expanding existing capacities on production of electronics, consumer crediting of families and improving social-domestic conditions of women.

Norma.uz reported that the resolution approved forecasted parameters of consumer crediting of population to purchase electronics in 2012-2014, which was developed by the Central Bank of Uzbekistan.

It is planned to construct, reconstruct and equipment of public laundries in 2012 due to own resources of businesses and loans of financial organizations. It is expected that four public laundries in Bukhara region, 5 -Jizzakh region, 10 – Kashkadarya region and 12 – Navoi region.

Local administrations were entrusted to develop list of public laundries, which will be created in the regions and help businesses to organize public laundries.

Commercial banks were entrusted to assist businesses to purchase necessary equipment for organization of public laundries through allocation of loans and rendering leasing services. At the same time, the interest rate on loans cannot exceed the refinancing rate of the Central Bank of Uzbekistan.

In order to implement measures on simplifying and improving mechanism on allocation of consumer credits to population at the size of up to 50 minimal sizes of salary with the term of three years, the document said borrowers should submit copy of passport, certificate on salary from job, and pledge, including from third parties.

The document also said that the commercial banks will develop internal documents, which will set rules for providing overdraft on soums banking payment cards of individuals. To get overdraft, the borrowers should also present copy of passport, certificate on salary and guarantee from corporate client on liabilities of its employees.

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