In September of this year, some commercial banks implemented a new information system without notifying the Tax Committee. As a result of the improvements carried out by the bank's programmers, some of the payment orders were not executed.
For example, since the beginning of September, Tengebank has not processed 413 out of 2,439 orders, and Kapitalbank has not processed 740 out of 4,287 orders.
The Interregional Tax Inspectorate for Large Taxpayers under the Tax Committee of the Republic of Uzbekistan officially notified both banks of the need to promptly eliminate these violations.
Banks were also warned about the possible liability provided for by the Tax Code for late fulfillment of obligations.
By the decision of the Board of the Central Bank of the Republic of Uzbekistan (reg. No. 3283-1 of 11/14/2024), amendments were made to the Regulation on the maximum amount of risk per borrower, including persons associated with the bank or a group of interrelated borrowers (Reg. No. 3283 of 10/29/2020).
The gold and foreign exchange reserves of the Central Bank of Uzbekistan increased by $ 2.0 billion in October and reached $ 43.1 billion. In particular, foreign currency reserves increased from $8.7 billion to $9.2 billion (in September they grew from $8.2 billion to $8.7 billion).
As part of the Cyber Security summit 2024 event in Tashkent, a memorandum of understanding was signed between the Central Bank of the Republic of Uzbekistan and the Central Asian Fintech Association.
By decree of the President of the Republic of Uzbekistan, Alimov Abror Mirzo Mukhammadkosimovich was appointed Deputy Chairman of the Central Bank of the Republic of Uzbekistan.
The gold and foreign exchange reserves of the Central Bank of Uzbekistan increased by $ 2.0 billion in September and exceeded $ 41.1 billion. In particular, foreign currency reserves increased from $8.2 billion to $8.7 billion (in August they grew from $7.7 billion to $8.2 billion).
The representative office of the credit and financial organization was established in order to study the country's market and establish cooperation with its government agencies and commercial banks.
In September of this year, some commercial banks implemented a new information system without notifying the Tax Committee. As a result of the improvements carried out by the bank's programmers, some of the payment orders were not executed.
