The holding company "SBI Holdings, Inc." was founded in 1999 and was originally part of the Softbank Corporation group. SBI Holdings, Inc. is a group of companies providing financial services in a wide range of categories, including securities, asset management, banking and insurance. The structure includes 554 group of companies and operates in 25 countries and has 17496 employees. The company's turnover is about 6 billion US dollars. The group also has a business area related to biotechnology, which is engaged in the development of cosmetics, healthy food and the production of medicines. In addition, the group operates a business school "SBI Graduate School". SBI Holdings, Inc. is registered in the first section of the Tokyo Stock Exchange and the Osaka Stock Exchange.
Yoshitaka Kitao was familiarized with the current economic situation in the republic, the progress made in recent years on the liberalization of the foreign exchange market, ongoing reforms in the banking sector, in particular the introduction of KPIs for commercial banks, the transformation of commercial banks. The issues of the development of the financial and banking sector, the insurance services market in the republic, the dynamics and structure of GDP and basic industrial sectors of Uzbekistan, the development of information and communication technologies, Internet and online banking systems were discussed, the news agency "Dunyo" reports.
In addition, during the negotiations, the main directions of development in the banking and financial sector were announced, provided for in the Strategy of the New Uzbekistan for 2022-2026, determined by the President of Uzbekistan, to increase the share of the private sector in the banking system to 60%, to bring the stock market volume to $ 7 billion, to reduce the income tax in the banking and financial spheres to 15%, placement of shares of "National Bank", "Agrobank", "Microcreditbank", "Halkbank", "Kishlok Kurilish Bank" through the stock exchange.
The Japanese side also drew special attention to the fact that, according to the new Strategy, in 2023 about a thousand state-owned enterprises will be put up for sale, as well as 10 of the largest companies and commercial banks of the country will be put up for open initial stock auctions (IPOs).
During the meeting, issues of possible cooperation of SBI Holdings, Inc. in Uzbekistan, in terms of supporting startup projects using information and communication technologies in the financial sector, providing online banking services were discussed.
