The state shares in Ipoteka Bank, Uzpromstroybank, Asaka Bank, Alokabank, Qishloq Qurilish Bank and Turonbank will be privatised within five years, according to Xinhuanet.
Meanwhile, state shares in the authorised capitals of the National Bank for Foreign Economic Affairs, Agrobank and Microcreditbank will be maintained to provide financial services, support investment projects, and ensure regional accessibility of banking services during the reform period.
The new banking system should focus on market-based lending, the quality of the loan portfolio and risk management, corporate governance, and managers with international practice experience.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now