According to gazeta.uz, experts of the International Rating Agency Moody’s Investors Service expect that the banks of Uzbekistan will be able to maintain their profitability indicators within 12-18 months, such as profitability of assets and capital, at the current level of 1.5% and 13-15% respectively.

Among the factors that led to this forecast, a significant growth in the economy of Uzbekistan and a stable level of liquidity, which is maintained due to the growth of customer deposits and significant amounts of financial resources sent by the government to the largest banks. A stable and diversified economy of the country, strong capital investments also provide a stable operating environment for banks, the agency said.

In connection with the 20% growth in lending in this period, the capital adequacy ratio of the first level of Uzbek banks in the next year and a half could fall to 13% from 17.4% at the end of 2014, experts say Moody’s. In their view, to maintain the current level of capital adequacy, measures will be needed to increase the total capital of banks.

«We expect that the average levelof problems within 12-18 months will not exceed 6-7% of the total number of loans issued. However, the level of the savings is created by banks for possible losses on loans will be 50-60% of the volume of available problem loans, «the report says.

According to gazeta.uz, the Minister of Foreign Affairs of the Republic of Uzbekistan Abdulaziz Kamilov held talks on July 15 with the Minister of Foreign Affairs of the Russian Federation Sergey Lavrov, who is in Tashkent.

As the press service of the Uzbek Foreign Ministry reported, the sides exchanged views on topical issues of Uzbek-Russian relations, prospects for development of cooperation in political, trade-economic, cultural-humanitarian and other spheres, as well as some international and regional problems.

Special attention was paid to practical steps to implement the agreements reached during the meeting of the presidents of Uzbekistan and Russia on July 10 in Ufa. Recall, then Vladimir Putin invited Islam Karimov to pay a state visit to Russia.

The sides confirmed their interest in cooperation within the framework of Uzbekistan’s chairmanship in the Shanghai Cooperation Organization in 2015-2016.of problems within 12-18 months will not exceed 6-7% of the total number of loans issued. However, the level of the savings is created by banks for possible losses on loans will be 50-60% of the volume of available problem loans, «the report says.

По сообщению gazeta.uz, министр иностранных дел Республики Узбекистан Абдулазиз Камилов 15 июля провел переговоры с находящимся в Ташкенте с визитом министром иностранных дел Российской Федерации Сергеем Лавровым.

Как сообщила пресс-служба МИД Узбекистана, стороны обменялись мнениями по актуальным вопросам узбекско-российских отношений, перспективам развития сотрудничества в политической, торгово-экономической, культурно-гуманитарной и других сферах, а также некоторым международным и региональным проблемам.

Отдельное внимание было уделено практическим шагам по реализации договоренностей, достигнутых в ходе встречи президентов Узбекистана и России 10 июля в Уфе. Напомним, тогда Владимир Путин пригласил Ислама Каримова посетить Россию с государственным визитом.

Стороны подтвердили заинтересованность во взаимодействии в рамках председательства Узбекистана в Шанхайской организации сотрудничества в 2015-2016 годах.

The heads of state exchanged views on a wide range of issues related to the further development of bilateral partnership in the trade, economic, cultural and humanitarian spheres. Key issues of regional security were also discussed, the press service of the Kremlin reported.

Vladimir Putin invited Islam Karimov to pay a state visit to Russia.

As is known, after the SCO summit the presidency for one year in this international organization will pass from Russia to Uzbekistan.

Главы государств обменялись мнениями по широкому кругу вопросов дальнейшего развития двустороннего партнерства в торгово-экономической и культурно-гуманитарной сферах. Обсуждались также ключевые проблемы региональной безопасности, сообщила пресс-служба Кремля.
Владимир Путин пригласил Ислама Каримова посетить Россию с государственным визитом.
Как известно, после саммита ШОС председательство на один год в этой международной организации перейдет от России к Узбекистану.