STEADY DEVELOPMENT OF THE BANKING SYSTEM OF UZBEKISTAN

  Temurbek Usmanov (Tashkent, Uzbekistan) |    Завантажити статтю

At the time when in some countries the rating of the majority of top banks is being revised downwards, to prevent such negative phenomena, Uzbekistan since 2000, have been paying particular attention to ensure the financial stability and increase the capitalization of commercial banks. The support of the financial system by the state and effective banking supervision allowed Uzbekistan’s commercial banks to receive positive ratings from leading rating agencies. The course of reforms Uzbekistan follows, which differ from the approach of other countries, has proved its advantages. In particular, 13 commercial banks have received “stable” ratings from the leading international rating companies, such as Fitch Ratings, Moody’s and Standard & Poor’s.