Fitch Ratings: Uzbek Banks Stable, But Fast Growth and FC Lending Pose Risks

Tashkent, Uzbekistan ( -- The sector outlook for Uzbek banks remains stable after 2018 results confirmed solid asset quality and profitability Fitch Ratings says. However, capitalisation and liquidity are modest, and there are risks from rapid loan growth (51% in 2018) and foreign-currency (FC) lending.

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Uzbekistan planned US$1bn bond issue to set stage for corporate debt sales

Tashkent, Uzbekistan ( -- Uzbekistan plans to follow up an upcoming $1 billion international bond market debut with regular debt sales while the country’s banks are also expected to seek funds overseas, fund managers said on Tuesday.

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Webster American University opens branch in Uzbekistan

Tashkent, Uzbekistan ( -- On 5 February 2019, the Embassy of Uzbekistan to the United States held a ceremony of signing of the General Agreement on provision of educational services and the Agreement on the use of premises between the Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan and Webster University.

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Minister of Investment and Foreign Trade receives a delegation from the EBRD

Tashkent, Uzbekistan ( -- Minister of Investments and Foreign Trade Sardor Umurzakov and Managing Director of the European Bank for Reconstruction and Development (EBRD) for Central Asia Bruno Balvaner held talks in Tashkent.

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A delegation of Uzbekistan meets with World Bank Vice President

Tashkent, Uzbekistan ( -- A delegation of Uzbekistan, consisting of the Deputy Prime Minister Tanzila Narbayeva, the Minister of Employment and Labor Relations Sherzod Kudbiyev and the Chairman of the Association Uztekstilprom Ilhom Haydarov met with the Vice President of the World Bank for Europe and Central Asia Cyril Muller on 4 February 2019.

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