20.05.2024

On May 20, President Shavkat Mirziyoyev got acquainted with the presentation on the participation of banks in attracting foreign investment.

Thanks to the favorable investment environment, financial stability and bank activity are growing in our country. In particular, over the last 5 years, banks' capital doubled, their loan portfolio increased by 2,3 times, and the volume of annual lending increased by 1,8 times.

Four banks issued Eurobonds for the first time, attracting US $1 billion 300 million. Last year, banks attracted US $3,8 billion in foreign loans, and their major clients directly acquired US $6 billion without state guarantees.

In modern conditions, it is necessary to expand this activity and to implement projects of high quality.

The presentation provided information on the activities of the National Bank of Uzbekistan and "Uzpromstroybank" in this direction.

This year the National Bank plans to implement projects worth US $6 billion.

In particular, 526 projects for 2,1 trillion Uzbek soums in the jewelry industry and more than 40 thousand projects in the service sector are planned to be implemented with loans worth 41,8 trillion Uzbek soums. As a result, over 2,5 million people are expected to be employed.

"Uzpromstroybank" plans to attract funds from the international financial market in the amount of US $3 billion 100 million this year. The bank’s clients have launched investment projects worth US $4 billion and 800 million.

In 2024-2025, the bank plans to attract foreign investment in the amount of US $2 billion 800 million in 529 projects in the construction materials industry, which will create 25 thousand jobs.

The National Bank supports the employment of the unemployed population in 967 makhallas and "Uzpromstroybank" in 727 makhallas. It is also important to bring business structures out of the "shadows" through the use of grassroots work by banks.

The presentation also pointed out the need for systematic monitoring of clients' investment projects and the operational solutions to emerging problems.

The importance of comprehensive support for entrepreneurs at all levels - from the district to the republican level, to raise their financial and innovative awareness was emphasized.