Uzbekistan

A SUPPLEMENT TO EUROMONEY – April 1997

Banking sector

The banking sector consists of 29 banks supervised by the Central Bank of Uzbekistan. Four are state-owned, two are privately owned and the rest function as joint stock commercial banks and companies with limited liabilities. The majority of the banks are still state-owned and sector oriented. The largest state-owned banks are the National Bank for Foreign Economic Activity (NBU), Asaka Bank, Promstroi Bank and Pahta (Agricultural) Bank. A few small private banks have opened along with three foreign joint ventures.