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The document ceased to be valid since  August 1, 2020 according to the Presidential decree of the Republic of Uzbekistan of July 8, 2020 No. UP-6021

RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of July 28, 2009 No. PP-1166

About additional measures for stimulation of increase in share of long-term loans of the commercial banks directed to financing of investment projects

(as amended on 18-08-2020)

For the purpose of further stimulation of expansion of investing activities of commercial banks, strengthening of their resource base for growth in volumes of financing of the long-term investment projects directed to upgrade, technical and technological rearmament of industries of economy:

1. Take into consideration that according to the made decisions of the Government:

reorganization of structures of commercial banks is carried out, in the largest banks departments (managements) on coordination and monitoring of investing activities are created, functions of structural divisions of the banks performing examination, financing and monitoring of implementation of investment projects are significantly changed and expanded;

in all commercial banks positions of deputy chairmen of boards of the banks supervising questions of investing activities to which by results of the certification which is carried out according to the order of the President of the Republic of Uzbekistan of October 2, 2008 N P-3075, the heads having profound knowledge of the legislation, owning necessary skills in the field of investment financing, selection and examination of investment projects are appointed are entered;

activities of commercial banks for financial improvement of the bankrupt companies accepted on balance of banks, to financing of the investment projects directed to upgrade, technical and technological rearmament of industries of economy were stirred up. The amount of the issued credits for term over one year in structure of total credit portfolio of banks makes more than 70 percent.

2. Consider the most important tasks of commercial banks in the field of expansion of investing activities:

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