Oriental miniature

UZBEKISTAN FINANCIAL SYSTEM

Financial services in Uzbekistan are intermediated by financial institutions which include banks, micro finance non-government organizations ( MF. NYOs), credit unions (Cus), and government and private non-bank financial institutions (NBFIs). Banks and CUs mobilize deposits from individuals and legal entities. (юридические лица)

State-owned and controlled banks and NBFIs dominate (преобладают, доминируют) the rural financial system. In terms of both resources and clients are also the main conduits for government directed credit programs. In addition, international donor agencies provide resources to rural financial markets through micro finance institutions (MFIs) and domestic banks.

There are three major institutions that are involved in regulating and supervising financial institutions. The Central Bank of Uzbekistan (CBU) supervises and regulates banks and credit unions; the Ministry of Labour and Social Protection, micro finance institutions; and Ministry of Ministry of Finance, other financial institutions such as leasing and insurance companies.