How is the foreign capital represented in the banking industry of the country?
The presence of the foreign banking capital induces and stimulates the development of competition in the financial market of Uzbekistan. There are 6 banks in Uzbekistan with participation of foreign capital and those are: Uzbek Turkish bank “UTbank”, Uzbek Holland bank “ABN AMRO bank”, Uzbek Korean bank “uzDaewoo bank”, two subsidiary banks – ” Central Asian Bank for Development” (uzbekistan, Kazakhstan, Kyrgyzstan) and Iranian bank “Saderat” with 100% capital. “ABN AMRO bank” was created with the share of the capital of EBRD, IFC and the NBU. “UzDaewoobank” was created with the share of EBRD and NBU. There are 13 representations of the largest banks in the world including “Chase Manhattan bank”, “Deutsche bank”, “Bankgezelshaft Berlin”, “Commerz bank”, “Dresdner bank”, “Société Générale”, “CCF”, “BNP-Paribas”, “Crédit Suisse” and others. What role does the NBU play in the Uzbek economy, and what is its position in the banking sector? NBU is as old as Uzbekistan and was created by decr
