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Investments by Uzbek insurance companies increase

Uzbekistan Materials 8 February 2017 11:11 (UTC +04:00)
The total volume of investments of Uzbek insurers amounted to 867.547 billion soums ($1=3294.74 soums on Feb. 8) in 2016, that is, by 19.3 percent more compared to 2015
Investments by Uzbek insurance companies increase

Tashkent, Uzbekistan, Feb. 8

By Demir Azizov – Trend:

The total volume of investments of Uzbek insurers amounted to 867.547 billion soums ($1=3294.74 soums on Feb. 8) in 2016, that is, by 19.3 percent more compared to 2015, the country’s Finance Ministry told Trend Feb. 8.

According to the ministry, a major part of the investments (86.3 percent) accounted for banking deposits and securities.

The amount of deposits increased by 15.7 percent up to 390.1 billion soums, investments in securities - by 21.1 percent up to 358.754 billion soums, the ministry added.

The investments made in the statutory funds of enterprises increased by 27.9 percent up to 60.599 billion soums, while in real estate – by 30.9 percent up to 49.465 billion soums.

Meanwhile, the amount of loans issued by insurers increased by 1.9 percent up to 7.105 billion soums, while the amount of other investments - by 4.8 percent up to 1.523 billion soums, the ministry said.

The total investments of Uzbek insurers increased by 16.6 percent up to 727.135 billion soums in 2015.

Currently, 26 insurance companies operate in Uzbekistan.

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