Capital adequacy level of Uzbek banks increases

Capital adequacy level of Uzbek banks increases

Tashkent, Uzbekistan, Nov. 27

By Demir Azizov- Trend:

The capital adequacy level of the banking system of Uzbekistan currently amounts to 23.6 percent, which is almost 2.5 times higher than the current requirements of international standards, Deputy Chairman of the Central Bank of Uzbekistan Akhadbek Khaydarov said Nov.26.

He made the remarks at the international banking forum in Tashkent.

He said that the level of current liquidity of banks in the country is 64.5 percent, which is 2 times higher than the minimum standards adopted in the world practice.

Khaydarov said that the requirements for Uzbek banks in terms of capital within the framework of the introduction of the standards of the Basel Committee on Banking Supervision (Basel III) is comparable with Western ones, and even exceed a number of parameters.

"Starting from January 1, 2016, the minimum value of the minimum adequacy of regulatory capital will be increased from 10 percent to 11.5 percent, while the regulatory capital adequacy level will be increased from 5 percent to 7 percent," said the representative of the Central Bank.

Khaydarov also said that the share of problem loans of Uzbek banks is less than 1 percent of the total loans.

"Despite the financial crisis, Uzbek banks manage to maintain a low level of NPL (non-performing loans) in its loan portfolio," he said.

Currently, there are 26 commercial banks, including 3 state ones, 5 banks with the participation of foreign capital, 7 private banks and 11 joint-stock ones in the banking system of Uzbekistan.

In January-September 2015, total assets of commercial banks of Uzbekistan increased by 10.5 percent compared to 2014, to 62.1 trillion soums, and the total loan portfolio of banks of the republic increased by 14.1 percent, up to 39.7 trillion soums. The total volume of deposits attracted by the banks of the republic, as of early October amounted to 31.8 trillion soums compared to 28.6 trillion soums in early 2015 (a 11.2 percent increase).

Iran to receive vaccine through COVAX
Iran to receive vaccine through COVAX
Iran expects revival of JCPOA in short term
Iran expects revival of JCPOA in short term
Zarif meets with Indonesian president
Zarif meets with Indonesian president
Loading Bars
Latest
Turkish Airlines receives permission to operate flights to number of Uzbek cities
Kazakhstan’s KMK Munay decides against paying out dividends for 2020
Kazakhstan's revenues from maritime cargo transport surge
High freight rates significantly raise global prices of commercial ships
Central Bank of Iran allocates funds for import of vaccines
Iran's Energy Exchange announces products to be on sale on April 21
Geostat reveals Producer Price Indices for services in Georgia
Turkmenistan boosts imports of Turkish-made chemicals
Uzbekistan, France agree on deepening interaction in textile industry
Boeing CFO Smith to retire in July
Georgia increase tea import from Azerbaijan
Czech Development Agency talks projects in Georgia
Georgia sees increase in Export Price Index
Domestic Producer Price Index for Industrial Products up in Georgia
Number of oil, gas wells drilled in Iran revealed
Kazakhstan's exports to Bulgaria plummet
Iran's Esfarayen Industrial Complex to increase exports
Azerbaijani payment system to offer instant digital banking cards
Russian iron and steel works company reveals supplies of metal production to Uzbekistan
Baku Higher Oil School organized a webinar on the topic 'Higher Education and Research in the Post-COVID Period' (PHOTO)
PACE can offer support for establishment of lasting peace in South Caucasus - SecGen
Israel's government debt jumped to nearly NIS 1t in 2020
TAP’s gas deliveries for Q1 2021 disclosed
Swiss investments in Azerbaijan concentrated in non-oil sector – Swiss ministry
Azerbaijan names number of vaccinated citizens
Iran to receive vaccine through COVAX
Iran increases salaries for army personnel
Producer Price Index for Industrial Products up in Georgia
Iranian private sector to import 6 million doses of COVID-19 vaccine
Iran to implement extensive and maximum vaccination plan - President Rouhani
Budget provides continued support to Georgian economy - IMF mission
Azerbaijan confirms 2,197 more COVID-19 cases, 1,946 recoveries
Georgia sees decrease in external debt
Pakistan always supports Azerbaijan's just position - Pakistani Admiral
Bahar Azadi gold coin price still falling in Iran
Chairman of Iran Tea Organization talks about tea growing
Russia ready to help Kazakhstan in construction of nuclear power plant
Israeli journalists visit roadside inn in Azerbaijan’s Fuzuli, turned into barn by Armenians during occupation (PHOTO)
Uzbekistan taking additional measures to develop karakul sheep breeding
US company to build cannabis farm in Uzbekistan
France’s Orano to develop new mining sector in Kazakhstan
National Bank of Georgia remains focused on achieving its inflation target
Azerbaijan's International Bank discloses 1Q2021 net profit
Turkmenistan joins WIPO Patent Law Treaty
Armenia outraged by Russian PACE delegates refusal to discuss so-called "issue of POWs”
Electricity generation of Iran's hydroelectric power plants to decline
Azerbaijan's 1Q2021 polyethylene production slightly down
Russian Railways to build high-speed railway entries to Moscow, St. Petersburg by 2024
UAE central bank extends some stimulus measures until mid-2022
President Aliyev interviewed by Azerbaijan Television (PHOTO)
Important to observe int’l law to avoid such conflicts as Karabakh one in future - Chancellor of Germany
UK eases post-Brexit controls on vehicles taking goods to the EU
PayPal's Venmo launches crypto buying and selling
Iran's shares data on sale of public assets
President Ilham Aliyev attends inauguration of Azersun Shamakhi Agropark in Hajigabul (PHOTO)
Iran expects revival of JCPOA in short term
Liabilities of International Bank of Azerbaijan increase
Sinovac supplied 260 mln COVID-19 vaccine doses globally
Azerbaijan names number of foreign visitors in 1Q2021
Elbit Systems awarded $41m US Marines night vision deal
Price of wheat purchased from farmers in Iran increases
President Ilham Aliyev launches 110/35/10 Kv “Garasu” substation in Hajiqabul (PHOTO)
Baku-Tbilisi-Ceyhan’s oil transportation to Turkey down y-o-y
Kazakh oilfield construction company opens tender to buy pipes
SOCAR sums up Kulevi oil terminal’s Q1 2020 performance
Total assets of International Bank of Azerbaijan increase
Iran declares value of exports from cooperative enterprises in Razavi Khorasan Province
Uzbekistan plans introducing charter flights to popular destinations
Companies from Russia’s Smolensk begin to export products to Azerbaijan
Iran reveals COVID-19 data for April 20
Amount of registered Iranian companies in Turkey down
Khazar Consortium in Turkmenistan opens tender for equipment purchase
Azerbaijani banks' foreign currency demand disclosed
Border checkpoint between Iran, Pakistan to be opened
SOCAR’s petrochemical complex to significantly increase sales – Yapi Kredi
French EDF eyes building pumped-storage power plant in Uzbekistan
Turkmenistan's Turkmenhimiya extends tender for turnkey plant construction
Major Iranian companies boost iron ore pellets production
India hopeful US will soon end curbs on Covid vaccine raw materials export
BRO upgrades crucial 110 feet long bridge on India's Leh-Sarchu Road in 8 days
73,600 Covid vaccination centres operational in India on Monday, highest till date
J&J Seeks India's Permission For Phase 3 Trial Of 1-Shot Vaccine: Report
IAF chief RKS Bhadauria visits France as Rafale deliveries gain pace
Covid-19 vaccines for all adults in India from May 1, says Centre
Solar panel stations launched in Iran
Azerbaijan sees surge in 1Q2021 manufacturing of tobacco products
Kazakhstan boosts trade turnover volume with Austria
Yapi Kredi reveals forecasts for SOCAR’s Petkim
EAM Jaishankar speaks to US Secretary of State, exchanges views on Covid, UNSC agenda
Iran sees increase in car manufacturing
Azerbaijan issues data on 1Q2021 oil exports to India
President Ilham Aliyev attends presentation of agropark owned by Agro Dairy LLC in Hajigabul (PHOTO)
Israel logs Indian COVID-19 variant, sees some vaccine efficacy against it
Turkey discloses info on cargo movement via Cesme port for 2M2021
President Ilham Aliyev watches sowing process in farmer Elshan Khalilov’s cotton field
Germany raises import of Turkish-made furniture
Several facilities put into operation in Iran’s Parand New City
President Ilham Aliyev opens Hajigabul-Mughan highway after renovation (PHOTO)
Turkmenistan continues industrial production during pandemic
Guaranteed wheat purchasing in Iran continues
All news