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Moody's upgrades Asia Alliance Bank's rating to B2

22.12.2016 12:20:06 • "UzReport"
On December 20, 2016 Moody's Investors Service upgraded the long-term local and foreign currency deposit ratings of Asia Alliance Bank to B2 from B3. At the same time the rating agency has also upgraded the bank's baseline credit assessment (BCA) / adjusted BCA to B2 from B3, its long-term Counterparty Risk Assessment (CR Assessment) to B1(cr) from B2(cr) and affirmed short-term local- and foreign-currency deposit ratings of Not-Prime and its short-term CR Assessment of Not-Prime(cr).

 
Loans contribute to small business and private entrepreneurship development, where quick issue of loans helps companies expand production, introduce new technologies, spawn new jobs. This is the reason Uzbekistan's commercial banks work on issuing loans to small businesses and private entrepreneurs, with Uzpromstroybank, which has a large office network, financially supporting entrepreneurs throughout the country.
 
In 2017, Uzbekistan expects further liberalization and improvement of monetary policy, development of domestic foreign exchange market and improvement of its efficiency, improvement of conditions for foreign economic activity of business entities. It follows from the draft Decree of the President of the Republic of Uzbekistan "On priority directions of monetary policy", published on the Portal of SEILA (System of evaluation of impact of legislative acts) for public comment.
 
Head of CB opens virtual reception   24.11.2016 16:48:27 • "UzReport"
Chairman of the Central Bank of the Republic of Uzbekistan Faizulla Mullajanov opened virtual reception.
 
Moody's affirms Uzbekinvest's rating   24.11.2016 14:41:26 • "UzReport"
In November 2016, international rating Agency "Moody's Investors Service Ltd" (UK) has affirmed its international financial stability rating for National Export-Import Insurance Company Uzbekinvest at the level Ba3 with "Stable" outlook.
 
Uzpromostroybank Joint-Stock Commercial Bank prioritises financial support to small business and private entrepreneurship. Its bank loans help expand the volume of local products, bring new jobs and promote Uzbek manufacturers internationally.
 
Joint Stock Commercial Bank "Turonbank" through an extensive branch network provides a wide range of services to individuals and legal entities. Turonbank successfully implements remote banking services, in particular through "Bank-client" system, which was first introduced in 2008. It allows customers to remotely manage their bank accounts.
 
Uzpromostroybank Joint-Stock Commercial Bank prioritises financial support to small business and private entrepreneurship. Its loans help expand the volume of local products, bring new jobs and promote Uzbek manufacturers internationally. Over the 9 months this year, the bank serviced 2950 small businesses.
 
Today, commercial banks offer their customers a wide range of services, including credit services provided to both legal entities and individuals. Due to allocated credit funds new businesses have been created, the range of domestic products has been expanded, production has been updated. Thus, joint-stock commercial People's Bank also gives credits to customers.
 
CB of Uzbekistan keeps refinance rate at 9%   01.11.2016 14:25:38 • "UzReport"
The Board of the Central Bank of Uzbekistan adopted decision to keep refinancing rate unchanged at 9 percent per annum.
 
"Turonbank" establishes 180 kiosks   31.10.2016 17:34:01 • "UzReport"
"Turonbank" Joint Stock Commercial Bank is one of the largest banks in our country. Having an extensive branch network, the bank renders banking services and provides financial support to the subjects of all sectors of the economy. Currently, the bank is carrying out a series of large-scale activities to further attract free funds of population to deposits, to create additional customer convenience and to expand the range of banking services.
 
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