of September 12, 2017 No. PP-3270
About measures for further development and increase in banking system stability of the republic
[Extraction]
Note that the taken measures for reforming and strengthening of bank financial system of the republic promoted increase in level of capitalization of banks, increase in scales of crediting of economy, expansion of range of the provided banking services, and also increase in role of bank system in development of national economy.
At the same time tasks of further improvement of quality of the rendered banking services and cardinal improvement of methods of work of commercial banks for establishment of full partnership with subjects of entrepreneurship, enforcement of trust of the population and business entities to bank system as to the reliable institutional partner continue to remain urgent.
Besides, results of the stress testings of commercial banks which are carried out by the Central bank of the Republic of Uzbekistan regarding their stability and adaptedness in the conditions of liberalization of the domestic foreign exchange market revealed number of the shortcomings exerting negative impact on financial condition and foreign exchange position of banks which effects negatively influence liquidity of banks.
According to the Strategy of actions in five priority directions of development of the Republic of Uzbekistan in 2017 - 2021, the Presidential decree of the Republic of Uzbekistan of September 2, 2017 No. UP-5177 "About First-priority Measures for Liberalization of Monetarist Policies", and also for the purpose of ensuring financial stability of bank system, enhancement of assessment of bank risks taking into account the international practice, implementation of the modern principles and mechanisms of regulation and supervision of activities of commercial banks:
1. Ceased to be valid according to the Presidential decree of the Republic of Uzbekistan of 26.04.2023 No. UP-62
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