According to the message of the banking regulator of Uzbekistan, although the number of private banks significantly exceeds the state, their share (excluding the state’s share) in the banking services market is only 15%.
According to the forecasts of Frontier Capital’s Asia analysts, Uzbekistan may become a kind of safe haven for investors and producers in the medium term. The bne IntelliNews article says that globalization has undoubtedly had a positive impact on the…
The stable sector outlook in Uzbekistan reflects the predominance of state-owned companies in loan portfolios and of state-owned lenders in the banking system, and Fitch’s expectation of continued government support for these entities.
The Central Bank of Uzbekistan said on Wednesday that a sharp depreciation of the local currency soum is unlikely, despite a significant drop in the exchange rate of the Russian ruble and the Kazakh tenge.