Uzbekistan, Tashkent, February 14, Trend T. Zhukov / "We don't have problems with the liquidity - said on Friday the President of Uzbekistan Islam Karimov at the government meeting dedicated to socio-economic development of the country in 2008. - Currently, the total current liquidity of the banking system is the equivalent of more than 1,5 billion dollars, or 10 times more than the pending charges on the non-state borroings".
"The development of financial and banking system and strengthening and quality improvement activities which in the context of global economic crisis is particularly - important. Only the decisions taken last year increase the capitalization of the leading banks in the country: "UzpromstroybankA", "Asaka Bank", "Pakhta bank", "Galla-Bank". He was president of the republic passed a decree to increase the authorized fund "Mikrokreditbanka", which is one of the main points of credit financing small businesses and private entrepreneurship ", said Islam Karimov.
As a result, through additional resources, the total capital of the banks as compared to 2007 increased by 40 percent and by 2010 - is expected to double. Currently, total assets of banks in more than 2 times the amount of funds in the accounts of people and entities that provide them protection and ensures the timely and full maintenance. Adoption of Decree of President of Uzbekistan citizens' deposits in banks' deposits guaranteed by the State without restrictions on their size.
"Today, the level of capital adequacy of the banking system is almost three times higher than the established international standards set by the demands of the international Basel Committee on Banking Supervision".
"I would like to emphasize that the total external debt of Uzbekistan on 1 January 2009 is 13.3 per cent of GDP and is characterized by an international classification as a" least moderate ", said President Islam Karimo in his report.
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